Impact of financial integration on economic development: a dynamic panel quantile regression analysis
This paper investigated the impact of financial integration on economic development using the dynamic panel quantile estimator on a sample of 95 countries from 2004-2019. The results showed that the impact of financial integration on economic development varied across income levels. This study found...
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| Main Authors: | , , , |
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| Format: | Article |
| Language: | English |
| Published: |
Center for Economic Integration
2023
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| Online Access: | http://psasir.upm.edu.my/id/eprint/108292/1/108292.pdf http://psasir.upm.edu.my/id/eprint/108292/ https://www.e-jei.org/journal/view.php?doi=10.11130/jei.2023.38.4.628 |
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| Summary: | This paper investigated the impact of financial integration on economic development using the dynamic panel quantile estimator on a sample of 95 countries from 2004-2019. The results showed that the impact of financial integration on economic development varied across income levels. This study found that financial integration impacted economic development negatively in middle and high-income countries. However, financial integration did not significantly affect economic development in low-income countries. |
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