financial integration predict better growth prospects; (c) both advances in financial integration and globalization are … financial integration and globalization indeed foster countries' growth, and there appears to be no trade-off between these … distinct impact of financial integration and globalization on several dimensions of real activity. We find that: (a) financial …

This study examines the impact of financial integration on economic growth in the case of 31 European countries over … positive effects of financial integration on economic growth. They also suggest that the financial integration – economic … growth relationship depends on country-specific characteristics such as the level of financial development and the quality of …

This paper examines the impact of capital market integration (CMI) on higher education and economic growth. We take … thereby fosters economic growth. We apply a structural estimation approach to fully track the endogenous mechanisms of the …

Does international financial integration boost economic growth? The question has been discussed controversially for a … narrative evidence from economic history that highlights the contribution European capital made to economic growth of peripheral … was indeed a significant and robust growth effect. Our theoretical explanation stresses property rights protection as a …

Economic theory predicts that consumption growth rates should be highly correlated across countries. Empirical evidence …