Arbeitspapier

Financial liberalization, growth, productivity and capital accumulation: The case of European integration

In the present contribution, we concentrate on the process of financial liberalization in a specific context of European economic and monetary integration. We implement de facto and de jure measures of financial liberalization and find that formal aspects of financial openness generate a strongly positive impact on economic growth and its sources, productivity growth and capital accumulation. Moreover, there is evidence of a positive contribution to the process stemming from the EU membership, while no substantial effect comes from the euro adoption. Finally, we investigate the effects from financial integration on country groups within the EU.

Sprache
Englisch

Erschienen in
Series: FIW Working Paper ; No. 86

Klassifikation
Wirtschaft
Open Economy Macroeconomics
Financial Aspects of Economic Integration
Economic Growth of Open Economies
Thema
Financial integration
economic growth
productivity
European integration

Ereignis
Geistige Schöpfung
(wer)
Gehringer, Agnieszka
Ereignis
Veröffentlichung
(wer)
FIW - Research Centre International Economics
(wo)
Vienna
(wann)
2012

Handle
Letzte Aktualisierung
20.09.2024, 08:23 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

  • Gehringer, Agnieszka
  • FIW - Research Centre International Economics

Entstanden

  • 2012

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