Arbeitspapier

Does financial openness promote economic integration? Some evidence from Europe and the CIS

We study whether financial openness facilitates the economic integration of formerly centrally planned economies with the EU-15. Two dimensions of economic integration are considered: cross-country convergence of per-capita incomes and bilateral trade in goods and services. We find that more financially open economies effectively catch-up faster and trade more with the EU-15. These integration-enhancing effects occur over and above any effect stemming from domestic financial deepening and other factors determining growth and trade.

Sprache
Englisch
ISBN
9291907626

Erschienen in
Series: WIDER Research Paper ; No. 2005/74

Klassifikation
Wirtschaft
Trade: General
Economic Integration
International Finance: General
Financial Aspects of Economic Integration
Macroeconomic Aspects of International Trade and Finance: General
Thema
economic integration
financial openness
gravity models
catching-up
Kapitalmarktliberalisierung
EU-Staaten
GUS-Staaten

Ereignis
Geistige Schöpfung
(wer)
Carmignani, Fabrizio
Chowdhury, Abdur R.
Ereignis
Veröffentlichung
(wer)
The United Nations University World Institute for Development Economics Research (UNU-WIDER)
(wo)
Helsinki
(wann)
2005

Handle
Letzte Aktualisierung
20.09.2024, 08:22 MESZ

Datenpartner

Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.

Objekttyp

  • Arbeitspapier

Beteiligte

  • Carmignani, Fabrizio
  • Chowdhury, Abdur R.
  • The United Nations University World Institute for Development Economics Research (UNU-WIDER)

Entstanden

  • 2005

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