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dc.contributor.authorSchularick, Moritzen_US
dc.contributor.authorSteger, Thomas M.en_US
dc.coverage.temporal1880-1913en_US
dc.date.accessioned2009-01-28T15:55:26Z-
dc.date.available2009-01-28T15:55:26Z-
dc.date.issued2006en_US
dc.identifier.urihttp://hdl.handle.net/10419/19155-
dc.description.abstractDoes international financial integration boost economic growth? The question has been discussed controversially for a long time. As of yet, robust evidence for a positive impact is lacking (Edison et al., 2002). However, there is substantial narrative evidence from economic history that highlights the contribution European capital made to economic growth of peripheral economies before 1914. We have compiled the first comprehensive data set to test this hypothesis. The main finding is that there was indeed a significant and robust growth effect. Our theoretical explanation stresses property rights protection as a prerequisite for the standard neoclassical model to work properly.en_US
dc.language.isoengen_US
dc.relation.ispartofseriesCESifo working papers 1691en_US
dc.subject.jelF30en_US
dc.subject.jelO16en_US
dc.subject.jelO11en_US
dc.subject.jelF21en_US
dc.subject.jelN20en_US
dc.subject.jelF15en_US
dc.subject.jelN10en_US
dc.subject.ddc330en_US
dc.subject.keywordinternational financial integrationen_US
dc.subject.keywordeconomic growthen_US
dc.subject.keywordfirst era of globalizationen_US
dc.subject.stwGlobalisierungen_US
dc.subject.stwInternationaler Finanzmarkten_US
dc.subject.stwMarktintegrationen_US
dc.subject.stwWirtschaftswachstumen_US
dc.subject.stwWirtschaftsgeschichteen_US
dc.subject.stwWelten_US
dc.titleDoes financial integration spur economic growth? : New evidence from the first era of financial globalizationen_US
dc.typeWorking Paperen_US
dc.identifier.ppn510037925en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungen-
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