المستودع الأكاديمي جامعة المدينة

Does financial integration spur economic growth? : New evidence from the first era of financial globalization

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dc.creator Schularick, Moritz
dc.creator Steger, Thomas M.
dc.date 2006
dc.date.accessioned 2013-10-16T07:03:16Z
dc.date.available 2013-10-16T07:03:16Z
dc.date.issued 2013-10-16
dc.identifier http://hdl.handle.net/10419/19155
dc.identifier ppn:510037925
dc.identifier.uri http://koha.mediu.edu.my:8181/xmlui/handle/10419/19155
dc.description Does international financial integration boost economic growth? The question has been discussed controversially for a long time. As of yet, robust evidence for a positive impact is lacking (Edison et al., 2002). However, there is substantial narrative evidence from economic history that highlights the contribution European capital made to economic growth of peripheral economies before 1914. We have compiled the first comprehensive data set to test this hypothesis. The main finding is that there was indeed a significant and robust growth effect. Our theoretical explanation stresses property rights protection as a prerequisite for the standard neoclassical model to work properly.
dc.language eng
dc.relation CESifo working papers 1691
dc.rights http://www.econstor.eu/dspace/Nutzungsbedingungen
dc.subject F30
dc.subject O16
dc.subject O11
dc.subject F21
dc.subject N20
dc.subject F15
dc.subject N10
dc.subject ddc:330
dc.subject international financial integration
dc.subject economic growth
dc.subject first era of globalization
dc.subject Globalisierung
dc.subject Internationaler Finanzmarkt
dc.subject Marktintegration
dc.subject Wirtschaftswachstum
dc.subject Wirtschaftsgeschichte
dc.subject Welt
dc.title Does financial integration spur economic growth? : New evidence from the first era of financial globalization
dc.type doc-type:workingPaper
dc.coverage 1880-1913


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