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Title: Financial development, openess and institutions: Evidence from panel data
Authors: Baltagi, Badi H.
Demetriades, Panicos O.
Hook, Law Siong
First Published: May-2007
Publisher: Dept. of Economics, University of Leicester
Abstract: Utilising four annual panel datasets and dynamic panel data estimation procedures we find that trade and financial openness, as well as economic institutions are statistically important determinants of the variation in financial development across countries and over time since the 1980s. However, we find mixed support for the hypothesis that the simultaneous opening of both trade and capital accounts is necessary to promote financial development in a contemporary setting.
Series/Report no.: Papers in Economics
Type: Report
Appears in Collections:Reports, Dept. of Economics

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