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This study unites two streams of research by simultaneously focusing on the impact of financial globalisation on financial development and pre- and post-crisis dynamics of the investigated relationship. The empirical evidence is based on 53 African countries for the period 2004-2011 and...
Persistent link: https://www.econbiz.de/10011410623
and Structure Database of the World Bank are employed, namely: financial depth (money supply and liquid liabilities … identified by the Financial Development and Structure Database of the World Bank …
Persistent link: https://www.econbiz.de/10012970431
process of financial globalization. Our central findings indicate that policies promoting financial sector development …, institutional quality, and trade openness appear to help developing countries derive the benefits of globalization. Similarly, sound … unavoidable inherent tensions in evaluating the risks and benefits associated with financial globalization. In the light of these …
Persistent link: https://www.econbiz.de/10014025737
This paper closes a gap in the relevant literature by investigating the role of a country's competitiveness on international capital mobility using robust panel multiple regressions with fixed and random effects. In this study, we use the Global Competitiveness Index to measure a country's...
Persistent link: https://www.econbiz.de/10012915105
Promotion of foreign direct investment (FDI) and trade liberalization on both global and regional levels has been considered to be beneficial for the economic development of developing countries. Current WTO rules support regional trade liberalization and prohibit certain trade-related...
Persistent link: https://www.econbiz.de/10014221684
This paper puts the Reinhart-Rogoff dataset to a formal econometric testing to see whether public debt has a negative nonlinear effect on growth if public debt exceeds 90% of GDP. Using nonlinear threshold models, we show that the negative nonlinear relationship between debt and growth is very...
Persistent link: https://www.econbiz.de/10009722415
This paper puts the Reinhart-Rogoff dataset to a formal econometric testing to see whether public debt has a negative nonlinear effect on growth if public debt exceeds 90% of GDP. Using nonlinear threshold models, we show that the negative nonlinear relationship between debt and growth is very...
Persistent link: https://www.econbiz.de/10013084015
globalization quickly and try to find coherent policies to be connected with an evolving world. …The paper investigates the impact of globalization (overall, economic, social, and political) on economic growth of … that overall globalization, economic globalization, and political globalization accelerate economic growth in the long …
Persistent link: https://www.econbiz.de/10012145311
the growth of GDP as well as human development index. The term globalization is becoming more and more meaningful as can … be seen from the interrelations of these variables. Also globalization has been seen to have effect on the contemporary …
Persistent link: https://www.econbiz.de/10009687635
What is the role of transport improvements in globalization? We argue that the nineteenth century is the ideal testing …
Persistent link: https://www.econbiz.de/10012771552