Financial Integration and Economic Growth: Portfolio Equity Flows to Sub-Saharan Africa

Eric Osei-Assibey and Seth Obeng Adu

Chapter 7 in Regional Integration and Policy Challenges in Africa, 2015, pp 145-167 from Palgrave Macmillan

Abstract: Abstract Financial globalization and the financial crises of recent times have drawn the attention of economists and policy-makers to the macroeconomic implications of unrestricted capital flows into developing countries. The neoclassical theory predicts the potential benefits of financial integration, but the empirical evidence of real benefits to long-term macroeconomic growth remains highly contested (Prasad et al., 2003).

Keywords: economic growth; financial integration; portfolio equity; Sub-Saharan African (search for similar items in EconPapers)
Date: 2015
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-137-46208-4_8

Ordering information: This item can be ordered from
http://www.palgrave.com/9781137462084

DOI: 10.1057/9781137462084_8

Access Statistics for this chapter

More chapters in Palgrave Macmillan Books from Palgrave Macmillan
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().