Financial Integration-Growth Nexus: A Quantile Regression Analysis

Saifuzzaman Ibrahim (), Mazlina Abdul Rahman (), Azman Saini Wan Wan Ngah () and Muhammad Farhan Mahamad Zakaria ()
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Saifuzzaman Ibrahim: Universiti Putra Malaysia, Postal: Department of Economics, Universiti Putra Malaysia, 43400 Serdang, Selangor, Malaysia
Mazlina Abdul Rahman: Universiti Putra Malaysia, Postal: Department of Economics, Universiti Putra Malaysia, 43400 Serdang, Selangor, Malaysia
Azman Saini Wan Wan Ngah: Universiti Putra Malaysia, Postal: Department of Economics, Universiti Putra Malaysia, 43400 Serdang, Selangor,Malaysia
Muhammad Farhan Mahamad Zakaria: Universiti Putra Malaysia, Postal: Department of Economics, Universiti Putra Malaysia, 43400 Serdang, Selangor, Malaysia,
Authors registered in the RePEc Author Service: W.N.W Azman-Saini

Journal of Economic Integration, 2016, vol. 31, issue 3, 531-546

Abstract: Our study aims to examine the role of economic development in moderating the relationship between international financial integration and economic growth, and we find that international financial integration has a positive impact on economic growth by and large. However, the growth impact of international financial integration does not exist in countries where economic development is too low or in highly developed countries. This suggests that policy makers, especially in developing countries, should ensure the presences of capabilities in order to gain from the financial market integration. The method involves a quantile regression technique on cross-sectional data of 73 countries.

Keywords: International Financial Integration; Economic Growth; Economic Development; Quantile Regression Analysis (search for similar items in EconPapers)
JEL-codes: E44 F36 F43 G15 O50 (search for similar items in EconPapers)
Date: 2016
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Citations: View citations in EconPapers (4)

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Persistent link: https://EconPapers.repec.org/RePEc:ris:integr:0692

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