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Impact of international financial integration on investment and Africa’s economic performance : some empirical evidence

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conference contribution
posted on 06.12.2017, 00:00 by Abdullahi AhmedAbdullahi Ahmed
This paper examines the issues of international and regional financial integration and its impact taking a sample 25 SSA countries. The research tests both the direct and indirect channels through which the impact of financial integration works and is transmitted to the real economy. Directly, it is argued that financial openness affects economic growth through enabling access to foreign financial markets, increasing financial service efficiency and helping in diversification of risks and consumption smoothing. Thus while inducing additional capital investment, it also fosters macroeconomic discipline. Indirectly, the process of international financial integration facilitates the transfer of technological know-how, promotes trade and enhances specialization.

History

Parent Title

ACE2011 40th Annual Australian Conference of Economists, ANU, Canberra, 11-14 July 2011.

Start Page

1

End Page

24

Number of Pages

24

Start Date

01/01/2011

Finish Date

01/01/2011

Location

ANU, Canberra

Publisher

Australian Conference of Economists]

Place of Publication

Australia

Peer Reviewed

Yes

Open Access

No

External Author Affiliations

Faculty of Arts, Business, Informatics and Education; Institute for Resource Industries and Sustainability (IRIS);

Era Eligible

Yes

Name of Conference

Australian Conference of Economists

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