TY  - JOUR
AU  - Edison,Hali J.
AU  - Levine,Ross
AU  - Ricci,Luca
AU  - Slok,Torsten
TI  - International Financial Integration and Economic Growth
JF  - National Bureau of Economic Research Working Paper Series
VL  - No. 9164
PY  - 2002
Y2  - September 2002
UR  - http://www.nber.org/papers/w9164
L1  - http://www.nber.org/papers/w9164.pdf
N1  - Author contact info:
Hali Edison
International Monetary Fund
Asia and Pacific Department
Washington, DC  20431
Tel: 202-623-6946
Fax: 202-589-6946
E-Mail: hedison@imf.org

Ross Levine
Haas School of Business
University of California at Berkeley
545 Student Services Building, #1900 (F685)
Berkeley, CA 94720-1900
Tel: 510-643-1419
E-Mail: Ross_levine@haas.berkeley.edu

Luca A. Ricci
International Monetary Fund
Research Department
700 19th Street, N.W.
Washington, D.C. 20431
E-Mail: lricci@imf.org

Torsten Slok
E-Mail: Torsten.SLOK@oecd.org
AB  - This paper uses new data and new econometric techniques to investigate the impact of international financial integration on economic growth and also to assess whether this relationship depends on the level of economic development, financial development, legal system development, government corruption, and macroeconomic policies. Using a wide array of measures of international financial integration on 57 countries and an assortment of statistical methodologies, we are unable to reject the null hypothesis that international financial integration does not accelerate economic growth even when controlling for particular economic, financial, institutional, and policy characteristics.
ER  -