Financial Development and Geographic Isolation: Global Evidence

Oasis Kodila-Tedika, Simplice Asongu and Matthias Cinyabuguma ()
Additional contact information
Matthias Cinyabuguma: The World Bank Group

No 16/014, Working Papers of the African Governance and Development Institute. from African Governance and Development Institute.

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
New Economics Papers: this item is included in nep-opm
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
http://www.afridev.org/RePEc/agd/agd-wpaper/Financ ... -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)
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:agd:wpaper:16/014

Access Statistics for this paper

More papers in Working Papers of the African Governance and Development Institute. from African Governance and Development Institute. Contact information at EDIRC.
Bibliographic data for series maintained by Asongu Simplice ().