Financial integration: the role of tradable and non-tradable goods

Guven, Cahit 2016, Financial integration: the role of tradable and non-tradable goods, Economic modelling, vol. 53, pp. 345-353, doi: 10.1016/j.econmod.2015.12.019.

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Title Financial integration: the role of tradable and non-tradable goods
Author(s) Guven, CahitORCID iD for Guven, Cahit orcid.org/0000-0001-8346-772X
Journal name Economic modelling
Volume number 53
Start page 345
End page 353
Total pages 9
Publisher Elsevier
Place of publication Amsterdam, The Netherlands
Publication date 2016-02
ISSN 1873-6122
Keyword(s) Financial integration
Aggregate productivity
Institutions
Economic structure
Trade
Summary This paper examines the potential benefits of financial integration focusing on the role of tradable and non-tradable goods. We construct a new country-level index for tradability of output using disaggregate sector level data on output, imports and exports. Cross-country regressions show that for the overall sample, there is a weak positive interaction of tradibility of output and financial integration. When we focus on those countries within a middle range of institutional development, and thus within the middle range of income per capita, for these countries, the experience of integration is tempered significantly by increasing tradability of output. Sector-level regressions confirm the negative and significant interaction of trade and financial integration for this sample of countries.
Language eng
DOI 10.1016/j.econmod.2015.12.019
Field of Research 140202 Economic Development and Growth
140210 International Economics and International Finance
Socio Economic Objective 910103 Economic Growth
HERDC Research category C1 Refereed article in a scholarly journal
ERA Research output type C Journal article
Copyright notice ©2015, Elsevier
Persistent URL http://hdl.handle.net/10536/DRO/DU:30080377

Document type: Journal Article
Collections: Faculty of Business and Law
Department of Economics
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