Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/63374
Authors: 
Carmignani, Fabrizio
Chowdhury, Abdur R.
Year of Publication: 
2005
Series/Report no.: 
Research Paper, UNU-WIDER, United Nations University (UNU) 2005/74
Abstract: 
We study whether financial openness facilitates the economic integration of formerly centrally planned economies with the EU-15. Two dimensions of economic integration are considered: cross-country convergence of per-capita incomes and bilateral trade in goods and services. We find that more financially open economies effectively catch-up faster and trade more with the EU-15. These integration-enhancing effects occur over and above any effect stemming from domestic financial deepening and other factors determining growth and trade.
Subjects: 
economic integration
financial openness
gravity models
catching-up
JEL: 
F10
F15
F30
F36
F40
ISBN: 
9291907626
Document Type: 
Working Paper

Files in This Item:
File
Size
106.82 kB





Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.