Podikkalathil, Jithin; Manalaya, Suresh Babu - 2019
development for 26 emerging economies for the period 2003-2015. Their results show that there exists a long-run cointegrating … relationship between financial development and FDI in financial services after incorporating the extent of heterogeneity among … emerging economies. The authors find long-run unidirectional causality from financial development to financial services FDI …