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http://dspace.mediu.edu.my:8181/xmlui/handle/10261/1720Full metadata record
| DC Field | Value | Language |
|---|---|---|
| dc.creator | Bonfiglioli, Alessandra | - |
| dc.date | 2007-10-30T15:18:18Z | - |
| dc.date | 2007-10-30T15:18:18Z | - |
| dc.date | 2007-02-02 | - |
| dc.date.accessioned | 2017-01-31T00:57:46Z | - |
| dc.date.available | 2017-01-31T00:57:46Z | - |
| dc.identifier | http://hdl.handle.net/10261/1720 | - |
| dc.identifier.uri | http://dspace.mediu.edu.my:8181/xmlui/handle/10261/1720 | - |
| dc.description | Trabajo publicado como artículo en Journal of International Economics 76(2): 337-355 (2008).-- http://dx.doi.org/10.1016/j.jinteco.2008.08.001 | - |
| dc.description | Understanding the mechanism through which financial globalization affects economic performance is crucial for evaluating the costs and benefits of opening financial markets. This paper is a first attempt at disentangling the effects of financial integration on the two main determinants of economic performance: productivity (TFP) and investments. I provide empirical evidence from a sample of 93 countries observed between 1975 and 1999. The results suggest that financial integration has a positive direct effect on productivity, while it spurs capital accumulation only with some delay and indirectly, since capital follows the rise in productivity. I control for indirect effects of financial globalization through banking crises. Such episodes depress both investments and TFP, though they are triggered by financial integration only to a minor extent. | - |
| dc.language | eng | - |
| dc.relation | UFAE and IAE Working Papers | - |
| dc.relation | 680.07 | - |
| dc.rights | openAccess | - |
| dc.subject | Capital account liberalization | - |
| dc.subject | Financial development | - |
| dc.subject | Banking crises | - |
| dc.subject | Growth | - |
| dc.subject | Productivity | - |
| dc.subject | Investments | - |
| dc.title | Financial Integration, Productivity and Capital Accumulation | - |
| dc.type | Documento de trabajo | - |
| Appears in Collections: | Digital Csic | |
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