학술논문
Impact of Financial Integration on Economic Development: A Dynamic Panel Quantile Regression Analysis
Document Type
Article
Source
Journal of Economic Integration, 38(4), pp.628-645 Dec, 2023
Subject
Language
English
ISSN
1976-5525
1225-651X
1225-651X
Abstract
This paper investigated the impact of financial integration on economic development using the dynamic panel quantile estimator on a sample of 95 countries from 2004-2019. The results showed that the impact of financial integration on economic development varied across income levels. This study found that financial integration impacted economic development negatively in middle and high-income countries. However, financial integration did not significantly affect economic development in low-income countries.