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This paper analyses the short- and long-run effects of trade openness on financial development in a panel including data on 35 European countries over the period 2001-2019. For this purpose, it uses the PMG (pooled mean group) estimator for dynamic panels developed by Pesaran et al. (1999). The...
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The Handbook of Public Finance provides a definitive source, reference, and text for the field of public finance. In 18 … standard material of public finance, it explores the connections between that material and such neighboring fields as political …
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