scholarly journals International Financial Integration and Economic Growth

10.3386/w9164 ◽  
2002 ◽  
Author(s):  
Hali Edison ◽  
Ross Levine ◽  
Luca Ricci ◽  
Torsten Slok
Keyword(s):  
Economic Growth ◽  
Financial Integration ◽  
International Financial Integration

scholarly journals International Financial Integration and Economic Growth

2002 ◽  
Author(s):  
Hali J. Edison ◽  
Ross E. Levine ◽  
Luca A. Ricci ◽  
Torsten Mikkel Sløk
Keyword(s):  
Economic Growth ◽  
Financial Integration ◽  
International Financial Integration

scholarly journals International Financial Integration and Economic Growth

2002 ◽  
Vol 02 (145) ◽  
pp. 1 ◽  
Author(s):  
Torsten Sløk ◽  
Hali J. Edison ◽  
Luca Antonio Ricci ◽  
Ross Levine ◽  
◽  
...  
Keyword(s):  
Economic Growth ◽  
Financial Integration ◽  
International Financial Integration

scholarly journals International Financial Integration and Economic Growth

2002 ◽  
Author(s):  
Hali J. Edison ◽  
Ross Eric Levine ◽  
Luca Antonio Ricci ◽  
Torsten Mikkel Sløk
Keyword(s):  
Economic Growth ◽  
Financial Integration ◽  
International Financial Integration

scholarly journals International financial integration and economic growth

2002 ◽  
Vol 21 (6) ◽  
pp. 749-776 ◽  
Author(s):  
Hali J Edison ◽  
Ross Levine ◽  
Luca Ricci ◽  
Torsten Sløk
Keyword(s):  
Economic Growth ◽  
Financial Integration ◽  
International Financial Integration

scholarly journals Financial Integration and Economic Growth: Empirical Evidence from the Republic of Georgia

2019 ◽  
Vol 8 (2) ◽  
pp. 232
Author(s):  
Zaur Phutkaradze ◽  
Asie Tsintsadze ◽  
Beka Phutkaradze
Keyword(s):  
Economic Growth ◽  
Financial Integration ◽  
Time Series Data ◽  
Series Data ◽  
Republic Of Georgia ◽  
Positive Role ◽  
International Financial Integration ◽  
Negative Role ◽  
The Republic ◽  
Log Linear

Despite the vast amount of research studies, there is no clear and unambiguous opinion among economists on how the international financial integration (IFI) affects economic growth. This paper attempts to investigate the relationship between financial integration and economic growth in the Republic of Georgia. The study employs a log-linear equation for economic growth and covers the time-series data over the period of 1995–2016. OLS estimations do not provide statistically significant evidence for IFI-growth relationship. However, although the significance of this linkage is not apparent, it is important to highlight the main tendency – financial integration plays a positive role when the country has a relatively stable currency and negative role during the period of significant currency fluctuations. Outcomes of the study are consistent with our theory and support prior researches in this area.Keywords: Financial integration; economic growth; empirical model  

International Financial Integration, Investment and Economic Performance in Sub-Saharan African Countries

2011 ◽  
Vol 11 (4) ◽  
pp. 1850239 ◽  
Author(s):  
Abdullahi D. Ahmed
Keyword(s):  
Economic Growth ◽  
Financial Markets ◽  
Market Integration ◽  
Capital Investment ◽  
Financial Integration ◽  
Real Economy ◽  
African Countries ◽  
Financial Openness ◽  
International Financial Integration ◽  
The Impact

This paper examines the issues of international and regional financial integration and its impact taking a sample 25 SSA countries. The research tests both the direct and indirect channels through which the impact of financial integration works and is transmitted to the real economy. Directly, it is argued that financial openness affects economic growth through enabling access to foreign financial markets, increasing financial service efficiency and helping in diversification of risks and consumption smoothing. Thus while inducing additional capital investment, it also fosters macroeconomic discipline. Indirectly, the process of international financial integration facilitates the transfer of technological know-how, promotes trade and enhances specialization. While financial openness of recent years has laid a strong foundation to consolidate financial integration between regions and with international financial markets, we do not observe a robust link between financial openness and economic growth in SSA region. The empirical analysis considers the possibility of a positive indirect effect, and we report evidence in favour of the indirect transmission root. From our results, we observe a positive and statistically significant association between international financial integration and financial development under all its selected indicators. This finding suggests that financial capital market integration aids growth indirectly through promoting domestic financial markets. The study reports evidence suggesting that good institutions, higher level of human capital, and stable macroeconomic environment play an important role in mitigating the negative impacts of international financial openness.

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