The relation between financial integration and the economic growth is until now ambiguous. On one... more The relation between financial integration and the economic growth is until now ambiguous. On one hand, the theoretical studies assert that the liberalization of the capital account can help countries to increase their growth rate and to improve their standard of living. On the other one , we notice that there are few empirical studies which support the proposition that the international financial integration admits a significant effect on growth. This contribution tries to explain the difference of the results between the theoretical and empirical studies realized on the question. We demonstrate that this ambiguity is due to the use of a heterogeneous sample.
The relation between financial integration and the economic growth is until now ambiguous. On one... more The relation between financial integration and the economic growth is until now ambiguous. On one hand, the theoretical studies assert that the liberalization of the capital account can help countries to increase their growth rate and to improve their standard of living. On the other one , we notice that there are few empirical studies which support the proposition that the international financial integration admits a significant effect on growth. This contribution tries to explain the difference of the results between the theoretical and empirical studies realized on the question. We demonstrate that this ambiguity is due to the use of a heterogeneous sample.
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Papers by Makrem Ben Doudou