Financial integration - growth nexus: a quantile regression analysis
Our study aims to examine the role of economic development in moderating the relationship between international financial integration and economic growth, and we find that international financial integration has a positive impact on economic growth by and large. However, the growth impact of interna...
| Main Authors: | , , , |
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| Format: | Article |
| Language: | English |
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Center for Economic Integration, Sejong Institution, Sejong University
2016
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| Online Access: | http://psasir.upm.edu.my/id/eprint/48860/1/Financial%20integration%20-%20growth%20nexus%20a%20quantile%20regression%20analysis.pdf |
| _version_ | 1796975080273608704 |
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| author | Ibrahim, Saifuzzaman Abdul Rahman, Mazlina Wan Ngah, Wan Azman Saini Mahamad Zakaria, Muhammad Farhan |
| author_facet | Ibrahim, Saifuzzaman Abdul Rahman, Mazlina Wan Ngah, Wan Azman Saini Mahamad Zakaria, Muhammad Farhan |
| author_sort | Ibrahim, Saifuzzaman |
| collection | UPM |
| description | Our study aims to examine the role of economic development in moderating the relationship between international financial integration and economic growth, and we find that international financial integration has a positive impact on economic growth by and large. However, the growth impact of international financial integration does not exist in countries where economic development is too low or in highly developed countries. This suggests that policy makers, especially in developing countries, should ensure the presences of capabilities in order to gain from the financial market integration. The method involves a quantile regression technique on cross-sectional data of 73 countries. |
| first_indexed | 2024-03-06T09:06:17Z |
| format | Article |
| id | upm.eprints-48860 |
| institution | Universiti Putra Malaysia |
| language | English |
| last_indexed | 2024-03-06T09:06:17Z |
| publishDate | 2016 |
| publisher | Center for Economic Integration, Sejong Institution, Sejong University |
| record_format | dspace |
| spelling | upm.eprints-488602016-11-01T05:02:22Z http://psasir.upm.edu.my/id/eprint/48860/ Financial integration - growth nexus: a quantile regression analysis Ibrahim, Saifuzzaman Abdul Rahman, Mazlina Wan Ngah, Wan Azman Saini Mahamad Zakaria, Muhammad Farhan Our study aims to examine the role of economic development in moderating the relationship between international financial integration and economic growth, and we find that international financial integration has a positive impact on economic growth by and large. However, the growth impact of international financial integration does not exist in countries where economic development is too low or in highly developed countries. This suggests that policy makers, especially in developing countries, should ensure the presences of capabilities in order to gain from the financial market integration. The method involves a quantile regression technique on cross-sectional data of 73 countries. Center for Economic Integration, Sejong Institution, Sejong University 2016 Article PeerReviewed application/pdf en http://psasir.upm.edu.my/id/eprint/48860/1/Financial%20integration%20-%20growth%20nexus%20a%20quantile%20regression%20analysis.pdf Ibrahim, Saifuzzaman and Abdul Rahman, Mazlina and Wan Ngah, Wan Azman Saini and Mahamad Zakaria, Muhammad Farhan (2016) Financial integration - growth nexus: a quantile regression analysis. Journal of Economic Integration, 31 (3). pp. 531-546. ISSN 1225-651X; ESSN: 1976-5525 http://www.e-jei.org/journal/view.php?number=2013600104 |
| spellingShingle | Ibrahim, Saifuzzaman Abdul Rahman, Mazlina Wan Ngah, Wan Azman Saini Mahamad Zakaria, Muhammad Farhan Financial integration - growth nexus: a quantile regression analysis |
| title | Financial integration - growth nexus: a quantile regression analysis |
| title_full | Financial integration - growth nexus: a quantile regression analysis |
| title_fullStr | Financial integration - growth nexus: a quantile regression analysis |
| title_full_unstemmed | Financial integration - growth nexus: a quantile regression analysis |
| title_short | Financial integration - growth nexus: a quantile regression analysis |
| title_sort | financial integration growth nexus a quantile regression analysis |
| url | http://psasir.upm.edu.my/id/eprint/48860/1/Financial%20integration%20-%20growth%20nexus%20a%20quantile%20regression%20analysis.pdf |
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