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https://hdl.handle.net/10419/19155
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DC Field | Value | Language |
---|---|---|
dc.contributor.author | Schularick, Moritz | en |
dc.contributor.author | Steger, Thomas M. | en |
dc.date.accessioned | 2009-01-28T15:55:26Z | - |
dc.date.available | 2009-01-28T15:55:26Z | - |
dc.date.issued | 2006 | - |
dc.identifier.uri | http://hdl.handle.net/10419/19155 | - |
dc.description.abstract | Does international financial integration boost economic growth? The question has beendiscussed controversially for a long time. As of yet, robust evidence for a positive impact islacking (Edison et al., 2002). However, there is substantial narrative evidence from economichistory that highlights the contribution European capital made to economic growth ofperipheral economies before 1914. We have compiled the first comprehensive data set to testthis hypothesis. The main finding is that there was indeed a significant and robust growtheffect. Our theoretical explanation stresses property rights protection as a prerequisite for thestandard neoclassical model to work properly. | en |
dc.language.iso | eng | en |
dc.publisher | |aCenter for Economic Studies and ifo Institute (CESifo) |cMunich | en |
dc.relation.ispartofseries | |aCESifo Working Paper |x1691 | en |
dc.subject.jel | F30 | en |
dc.subject.jel | O16 | en |
dc.subject.jel | O11 | en |
dc.subject.jel | F21 | en |
dc.subject.jel | N20 | en |
dc.subject.jel | F15 | en |
dc.subject.jel | N10 | en |
dc.subject.ddc | 330 | en |
dc.subject.keyword | international financial integration | en |
dc.subject.keyword | economic growth | en |
dc.subject.keyword | first era of globalization | en |
dc.subject.stw | Globalisierung | en |
dc.subject.stw | Internationaler Finanzmarkt | en |
dc.subject.stw | Marktintegration | en |
dc.subject.stw | Wirtschaftswachstum | en |
dc.subject.stw | Wirtschaftsgeschichte | en |
dc.subject.stw | Welt | en |
dc.title | Does financial integration spur economic growth? : New evidence from the first era of financial globalization | - |
dc.type | Working Paper | en |
dc.identifier.ppn | 510037925 | en |
dc.rights | http://www.econstor.eu/dspace/Nutzungsbedingungen | en |
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