Role of financial development in economic globalization: evidence from global panel

被引：14
|
作者：
Katircioglu, Salih [1 ]
Zabolotnov, Aleksandr [2 ]
机构：
[1] Eastern Mediterranean Univ, Dept Banking & Finance, POB 99628,Via Mersin 10, Famagusta, North Cyprus, Turkey
[2] Eastern Mediterranean Univ, Dept Business Adm, Famagusta, North Cyprus, Turkey
来源：
APPLIED ECONOMICS LETTERS | 2020年 / 27卷 / 05期
关键词：
Financial development; globalization; panel data; GMM; GROWTH;
D O I：
10.1080/13504851.2019.1616058
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
The present study examines the role of financial development in globalization using the global panel data set. Annual data that ranges from 1980 to 2014 has been selected for 181 countries. Panel econometric procedures reveal that financial markets positively in general impacts on economic globalization. However, when macroeconomic fundamentals such as national income, inflation, capital, and population growth are taken into consideration this effect sometimes becomes negative depending on the type of macroeconomic factor and methodology used. This study concludes at the end that financial development is significant driver for economic globalization all around the world.
引用
收藏
页码：371 / 377
页数：7
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