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Using cross-country differences in the degree of isolation before the advent of technologies in sea and air transportation, we assess the relationship between geographic isolation and financial development across the globe. We find that pre-historic geographical isolation has been beneficial to...
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Purpose – Is globalization instrumental in fighting corruption? Do wealth effects matter in this fight? Are findings … contextual standpoints. In the analysis, while the economic and social dimensions of globalization are reflected in the human …-instrumental variable (TSLS-IV) estimation technique is applied where-in globalization instruments of trade and financial liberalization are …
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