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Openness, financial markets, and policies : cross-country and dynamic patterns

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Openness, financial markets, and policies : cross-country and dynamic patterns

Bertola, Giuseppe; Prete, Anna Lo - 2008

We document significant and robust empirical relationships in cross-country panel data between government size or social expenditure on the one hand, and trade and financial development indicators on the other. Across countries, deeper economic integration is associated with more intense...