Financial development and prehistoric geographical isolation: global evidence

Oasis Kodila-Tedika, Simplice Asongu, Matthias Cinyabuguma and Vanessa Tchamyou ()

Financial History Review, 2017, vol. 24, issue 3, 283-306

Abstract: Using cross-country differences in the degree of isolation before the advent of technologies in sea and air transportation, we assess the relationship between geographical isolation and financial development across the globe. We find that prehistoric geographical isolation has been beneficial to development because it has contributed to contemporary cross-country differences in financial intermediary development. The relationship is robust to alternative samples, different estimation techniques, outliers and varying conditioning information sets. The established positive relationship between geographical isolation and financial intermediary development does not significantly extend to stock market development.

Date: 2017
References: Add references at CitEc
Citations: View citations in EconPapers (6)

Downloads: (external link)
https://www.cambridge.org/core/product/identifier/ ... type/journal_article link to article abstract page (text/html)

Related works:
Working Paper: Financial Development and Pre-historic Geographical Isolation: Global Evidence (2017)
Working Paper: Financial Development and Pre-historic Geographical Isolation: Global Evidence (2017)
Working Paper: Financial Development and Pre-historic Geographical Isolation: Global Evidence (2017)
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:cup:fihrev:v:24:y:2017:i:03:p:283-306_00

Access Statistics for this article

More articles in Financial History Review from Cambridge University Press Cambridge University Press, UPH, Shaftesbury Road, Cambridge CB2 8BS UK.
Bibliographic data for series maintained by Kirk Stebbing ().