Impact of Financial Integration on Economic Development: A Dynamic Panel Quantile Regression Analysis
-
Published:2023-12-15
Issue:4
Volume:38
Page:628-645
-
ISSN:1225-651X
-
Container-title:Journal of Economic Integration
-
language:en
-
Short-container-title:Journal of Economic Integration
Author:
Abdullahi Abubakar,Ibrahim Saifuzzaman,Hook Law Siong,Ngah Wan Azman Saini Wan
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.
Publisher
Center for Economic Integration
Subject
General Economics, Econometrics and Finance