Arbeitspapier
Openness, financial markets, and policies: Cross-country and dynamic patterns
We document significant and robust empirical relationships in cross-country panel data between government size or social expenditure on the one hand, and trade and financial development indicators on the other. Across countries, deeper economic integration is associated with more intense government redistribution, but more developed financial markets weaken that relationship. Over time, controlling for country-specific effects, public social expenditure appears to be eroded by globalization trends where financial market development can more easily substitute for it.
- Sprache
-
Englisch
- Erschienen in
-
Series: CFS Working Paper ; No. 2008/55
- Klassifikation
-
Wirtschaft
- Thema
-
Financial Development
Globalization
Social Policy
Globalisierung
Offene Volkswirtschaft
Wirtschaftsintegration
Sozialpolitik
Kapitalmarktliberalisierung
Arbeitsmarktpolitik
Welt
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Bertola, Giuseppe
Lo Prete, Anna
- Ereignis
-
Veröffentlichung
- (wer)
-
Goethe University Frankfurt, Center for Financial Studies (CFS)
- (wo)
-
Frankfurt a. M.
- (wann)
-
2008
- Handle
- URN
-
urn:nbn:de:hebis:30-62348
- Letzte Aktualisierung
-
10.03.2025, 11:44 MEZ
Datenpartner
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Bertola, Giuseppe
- Lo Prete, Anna
- Goethe University Frankfurt, Center for Financial Studies (CFS)
Entstanden
- 2008