Similar Search Results

Global and regional financial integration in emerging Asia : evidence from stock markets

Caporale, Guglielmo Maria; Gil-Alaña, Luis A.; You, Kefei - 2017

emerging Asia there is more regional than global integration, and that the former has become even stronger in the post-2008 …

Persistent link: https://www.econbiz.de/10011654611

Heterogeneous economic integration agreement effects

Baier, Scott L.; Bergstrand, Jeffrey H.; Clance, Matthew W. - 2015

Gravity equations have been used for more than 50 years to estimate ex post the partial effects of trade costs on international trade flows, and the well-known - and traditionally presumed exogenous - "trade-cost elasticity" plays a central role in computing general equilibrium trade-flow and...

Persistent link: https://www.econbiz.de/10011309578

Economic integration agreements, border effects, and distance elasticities in the gravity equation

Bergstrand, Jeffrey H.; Larch, Mario; Yotov, Yoto V. - 2013

Using a novel common econometric specification, we examine the measurement of three important effects in international trade that historically have been addressed largely separately: the (partial) effects on trade of economic integration agreements, national borders, and bilateral distance....

Persistent link: https://www.econbiz.de/10010212649

Institutional architecture for financing Pan-Asian infrastructure connectivity

Bhattacharyay, Biswanath; Bhattacharyay, Madhurima - 2017

Asia, particularly its major economies has witnessed slower growth in recent years. To make Asia more economically … proposed. This initiative plans to create an economic zone covering Asia, Europe and Africa. To successfully promote and … finance greater physical connectivity, at the pan-Asian, sub-regional and national levels, Asia will require a strong and …

Persistent link: https://www.econbiz.de/10011638303

What does trade openness measure?

Fujii, Eiji - 2017 - This version: September 7, 2017

An empirical measure of trade openness is defined as the ratio of total trade to GDP, and represents a convenient variable routinely used for cross-country studies on a variety of issues. However, the effects that the crude measure captures remain ambiguous, making it difficult to interpret the...

Persistent link: https://www.econbiz.de/10011721716

Informational efficiency of world oil markets : one great pool, but with varying depth

Gronwald, Marc; Wadud, Sania; Dogah, Kingsley - 2024

This paper investigates the informational efficiency of global crude oil markets using a recently introduced quantitative measure for market inefficiency. The methodology assesses the deviation of observed oil price behavior from the Random Walk benchmark, representing an efficient market. The...

Persistent link: https://www.econbiz.de/10014505288

Multi-country empirical investigation onto international financial integration

Mishra, Anil; Daly, Kevin James - In: Journal of the Asia Pacific economy 11 (2006) 4, pp. 444-461

Persistent link: https://www.econbiz.de/10003395998

International capital market integration, educational choice and economic growth

Egger, Hartmut; Egger, Peter; Falkinger, Josef; … - 2005

This paper examines the impact of capital market integration (CMI) on higher education and economic growth. We take into account that participation in higher education is noncompulsory and depends on individual choice. Integration increases (decreases) the incentives to participate in higher...

Persistent link: https://www.econbiz.de/10003299332

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

Schularick, Moritz (contributor); … - 2006

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...

Persistent link: https://www.econbiz.de/10003301349

Cross-border banking in regulated markets : is financial integration desirable?

Haufler, Andreas; Wooton, Ian - 2016

We set up a two-country, regional model of trade in financial services. Competitive firms in each country manufacture untraded consumer goods in an uncertain productive environment, borrowing funds from a bank in either the home or the foreign market. Duopolistic banks can choose their levels of...

Persistent link: https://www.econbiz.de/10011554376