Impact of Financial Integration on Economic Development: A Dynamic Panel Quantile Regression Analysis

Abubakar Abdullahi (), Saifuzzaman Ibrahim (), Law Siong Hook () and Wan Azman Saini Wan Ngah ()
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Abubakar Abdullahi: Kaduna State University, Kaduna, Nigeria, Postal: School of Business & Economics Universiti Putra Malaysia 43400 Serdang, Selangor , Malaysia
Saifuzzaman Ibrahim: Universiti Putra Malaysia, Serdang, Selangor, Malaysia, Postal: Faculty of Social and Management Sciences Kaduna State University Tafawa, Balewa Way Kabala Coastain 800283 Kaduna, Nigeria
Law Siong Hook: Universiti Putra Malaysia, Serdang, Selangor, Malaysia, Postal: Faculty of Social and Management Sciences Kaduna State University Tafawa, Balewa Way Kabala Coastain 800283 Kaduna, Nigeria
Wan Azman Saini Wan Ngah: Universiti Putra Malaysia, Serdang, Selangor, Malaysia, Postal: Faculty of Social and Management Sciences Kaduna State University Tafawa, Balewa Way Kabala Coastain 800283 Kaduna Nigeria

Journal of Economic Integration, 2023, vol. 38, issue 4, 628-645

Abstract: This paper investigated the impact of financial integration on economic development using the dynamic panel quantile estimator on a sample of 95 countries from 2004-2019. The results showed that the impact of financial integration on economic development varied across income levels. This study found that financial integration impacted economic development negatively in middle and high-income countries. However, financial integration did not significantly affect economic development in low-income countries.

Keywords: Financial Integration; Economic Development; Dynamic Panel Quantile Regression; Income Quantiles (search for similar items in EconPapers)
JEL-codes: C18 F36 F62 F63 O11 (search for similar items in EconPapers)
Date: 2023
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Persistent link: https://EconPapers.repec.org/RePEc:ris:integr:0889

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