Economic growth and financial liberalization in the EU accession countries
Küçük Resim Yok
Tarih
2014
Yazarlar
Dergi Başlığı
Dergi ISSN
Cilt Başlığı
Yayıncı
Routledge Journals, Taylor & Francis Ltd
Erişim Hakkı
info:eu-repo/semantics/closedAccess
Özet
This article investigates the impact of financial liberalization on aggregate productivity growth. Based on a sample of the EU accession countries and using quarterly longitudinal panel data between 1995 and 2007, the static robust and dynamic panel data estimates indicate clear evidence of a link between the long-run growth and a number of indicators of financial liberalization. The empirical results illustrate that financial liberalization is negatively related to economic growth significantly. The results imply that higher levels of post-EU-membership growth are not caused by liberalized financial markets.
Açıklama
Anahtar Kelimeler
Economic Growth, Financial Liberalization, Accession Countries, Economic Development, Panel-Data, Institutions
Kaynak
Applied Economics Letters
WoS Q Değeri
Q4
Scopus Q Değeri
Q2
Cilt
21
Sayı
15
