Does Financial Development Promote Economic Globalization? Evidence from the Top and the Bottom Globalized Emerging Economies

被引：8

作者：

Zhang, Jing ^{[1
]}

Pal, Shreya ^{[2
]}

Mahalik, Mantu Kumar ^{[2
]}

Gozgor, Giray ^{[3
,4
,5
]}

机构：

[1] Southwest Jiaotong Univ, Sch Econ & Management, Chengdu, Jiaotong, Peoples R China

[2] Indian Inst Technol Kharagpur, Dept Humanities & Social Sci, Kharagpur, W Bengal, India

[3] Univ Bradford, Sch Management, Bradford, W Yorkshire, England

[4] Istanbul Medeniyet Univ, Fac Polit Sci, Istanbul, Turkey

[5] Lebanese Amer Univ, Adnan Kassar Sch Business, Beirut, Lebanon

来源：

EMERGING MARKETS FINANCE AND TRADE | 2023年 / 59卷 / 13期

关键词：

Emerging economies; financial development; economic globalization; panel ARDL model; panel FMOLS estimations; GROWTH; COINTEGRATION; DETERMINANTS; INEQUALITY; DEPENDENCE;

D O I：

10.1080/1540496X.2022.2135372

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

This paper examines the role of financial development in economic globalization using balanced panel data from 1984 to 2016. The empirical analysis considers Europe and Central Asia (ECA) and South Asia (SA) as the top and the bottom globalized emerging economies, respectively. Financial development promotes economic globalization in the top globalized developing regions in the long run. The growth in financial institutions also improves economic globalization in the ECA. The opposite finding is reported in the SA economies. The findings suggest that 'financial development-led economic globalization should not be overlooked by the policymakers of the top globalized developing regions.

引用

页码：3915 / 3927

页数：13

共 50 条

[21] Financial market development and trade openness: evidence from emerging economies
Niroomand, Farhang
Hajilee, Massomeh
Al Nasser, Omar M.
[J]. APPLIED ECONOMICS, 2014, 46 (13) : 1490 - 1498
[22] Institutional Quality and Financial Development: Evidence from Developing and Emerging Economies
Khan, Hayat
Khan, Sher
Fan Zuojun
[J]. GLOBAL BUSINESS REVIEW, 2022, 23 (04) : 971 - 983
[23] Globalization and technology adoption: evidence from emerging economies
Fatima, Syeda Tamkeen
[J]. JOURNAL OF INTERNATIONAL TRADE & ECONOMIC DEVELOPMENT, 2017, 26 (06): : 724 - 758
[24] Globalization and inflation dynamics: evidence from emerging economies
Gao, Liuna
Abbas, Syed Kanwar
Lan, Hao
[J]. APPLIED ECONOMICS, 2024, 56 (42) : 5072 - 5089
[25] Does globalization mitigate environmental degradation in selected emerging economies? assessment of the role of financial development, economic growth, renewable energy consumption and urbanization
Cetin, Murat
Sariguel, Sevgi Sumerli
Topcu, Betul Altay
Alvarado, Rafael
Karataser, Buesra
[J]. ENVIRONMENTAL SCIENCE AND POLLUTION RESEARCH, 2023, 30 (45) : 100340 - 100359
[26] Does globalization mitigate environmental degradation in selected emerging economies? assessment of the role of financial development, economic growth, renewable energy consumption and urbanization
Murat Çetin
Sevgi Sümerli Sarıgül
Betül Altay Topcu
Rafael Alvarado
Büşra Karataser
[J]. Environmental Science and Pollution Research, 2023, 30 : 100340 - 100359
[27] Role of financial development in economic globalization: evidence from global panel
Katircioglu, Salih
Zabolotnov, Aleksandr
[J]. APPLIED ECONOMICS LETTERS, 2020, 27 (05) : 371 - 377
[28] Natural resources, decentralized system, financial inclusion and sustainable development: Evidence from top emerging economies with resources abundance
He, Kang
Gan, Yue
Wu, Hong
[J]. RESOURCES POLICY, 2024, 89
[29] Does financial development mitigate carbon emissions? Evidence from heterogeneous financial economies
Acheampong, Alex O.
Amponsah, Mary
Boateng, Elliot
[J]. ENERGY ECONOMICS, 2020, 88
[30] Does financial globalization contribute to financial development in developing countries? Evidence from Africa
Tesega, Mekuanent
[J]. HELIYON, 2022, 8 (10)

← 1 2 3 4 5 →