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Analysis of distinct asymmetries in financialintegration-growthnexus for industrial, emerging and developing countries

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dc.contributor.author Yolcu Karadam, Duygu
dc.contributor.author Öcal, Nadir
dc.date.accessioned 2022-03-17T08:18:00Z
dc.date.available 2022-03-17T08:18:00Z
dc.date.issued 2020-09
dc.identifier.citation Yolcu Karadam, Duygu; Öcal, Nadir (2020). "Analysis of distinct asymmetries in financialintegration-growthnexus for industrial, emerging and developing countries", International Journal of Finance & Economics. tr_TR
dc.identifier.issn 1099-1158
dc.identifier.uri http://hdl.handle.net/20.500.12416/5136
dc.description.abstract This paper examines the threshold conditions in financial integration and growth relationship for a large set of threshold variables and different income group of countries employing Panel Smooth Transition Regression Models. Except developing countries, our findings strongly indicate nonlinear dynamics and imply that the impact of financial integration on growth is asymmetric depending on a number of indicators such as countries' degree of institutional quality, financial sector development, trade openness, budget deficit, inflation volatility and the level of financial integration. Our results show that these threshold effects substantially differ for emerging and industrial countries. As far as whole set of countries is concerned, our findings imply that countries having developed financial systems, qualified institutions and stable macroeconomic environment benefit from financial integration. Moreover, threshold effects are stronger and different for emerging countries compared to the industrial countries. Unlike emerging economies, higher levels of financial integration and trade openness decrease benefits from financial openness for the industrial countries. Besides, high fiscal deficit has more pronounced negative effect on the growth of the industrialized countries compared to emerging economies and other indicators. tr_TR
dc.language.iso eng tr_TR
dc.relation.isversionof 10.1002/ijfe.2275 tr_TR
dc.rights info:eu-repo/semantics/closedAccess tr_TR
dc.subject Financial Integration tr_TR
dc.subject Growth tr_TR
dc.subject Nonlinearity tr_TR
dc.subject Panel Data tr_TR
dc.subject Smooth Transition Regression tr_TR
dc.title Analysis of distinct asymmetries in financialintegration-growthnexus for industrial, emerging and developing countries tr_TR
dc.type article tr_TR
dc.relation.journal International Journal of Finance & Economics tr_TR
dc.contributor.department Çankaya Üniversitesi, İktisadi ve İdari Bilimler Fakültesi, İktisat Bölümü tr_TR


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