Financial Development and Geographic Isolation: Global Evidence

Oasis Kodila-Tedika, Simplice Asongu and Matthias Cinyabuguma ()
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Matthias Cinyabuguma: The World Bank Group, Washington D.C.

No 16/014, Research Africa Network Working Papers from Research Africa Network (RAN)

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 geographic isolation and financial development across the globe. We find that pre-historic geographical isolation has been beneficial to development because it has contributed to contemporary cross-country differences in financial development. The relationship is robust to alternative samples, different estimation techniques, outliers and varying conditioning information sets.

Keywords: Financial development; Isolation; Agglomeration; Globalization (search for similar items in EconPapers)
JEL-codes: F15 G15 N7 O16 O50 (search for similar items in EconPapers)
Pages: 19
Date: 2016-03
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http://publications.resanet.org/RePEc/abh/abh-wpap ... -Global-Evidence.pdf Revised version, 2016 (application/pdf)

Related works:
Working Paper: Financial Development and Geographic Isolation: Global Evidence (2016)
Working Paper: Financial Development and Geographic Isolation: Global Evidence (2016)
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Persistent link: https://EconPapers.repec.org/RePEc:abh:wpaper:16/014

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