Does Financial Development Promote Economic Globalization? Evidence from the Top and the Bottom Globalized Emerging Economies

dc.authorid0000-0002-9248-2582
dc.contributor.authorZhang, Jing
dc.contributor.authorPal, Shreya
dc.contributor.authorMahalik, Mantu Kumar
dc.contributor.authorGözgör, Giray
dc.date.accessioned2025-05-10T19:45:35Z
dc.date.issued2023
dc.departmentİMÜ, Fakülteler, Siyasal Bilgiler Fakültesi, Uluslararası İlişkiler Bölümü
dc.description.abstractThis paper examines the role of financial development in economic globalization using balanced panel data from 1984 to 2016. The empirical analysis considers Europe and Central Asia (ECA) and South Asia (SA) as the top and the bottom globalized emerging economies, respectively. Financial development promotes economic globalization in the top globalized developing regions in the long run. The growth in financial institutions also improves economic globalization in the ECA. The opposite finding is reported in the SA economies. The findings suggest that 'financial development-led economic globalization should not be overlooked by the policymakers of the top globalized developing regions.
dc.description.sponsorshipFundamental Research Funds for the Provincial Universities of Zhejiang [GB202002003, GB201902002]; Major Humanities and Social Sciences Research Projects in Zhejiang Province [2021QN050]; Zhejiang Soft Science Research Program [2022C25015]
dc.description.sponsorshipThe authors acknowledge the support by Fundamental Research Funds for the Provincial Universities of Zhejiang (GB202002003; GB201902002), the Major Humanities and Social Sciences Research Projects in Zhejiang Province (2021QN050), and the Zhejiang Soft Science Research Program (2022C25015).
dc.identifier.doi10.1080/1540496X.2022.2135372
dc.identifier.endpage3927
dc.identifier.issn1540-496X
dc.identifier.issn1558-0938
dc.identifier.issue13
dc.identifier.scopus2-s2.0-85141952002
dc.identifier.scopusqualityQ1
dc.identifier.startpage3915
dc.identifier.urihttps://doi.org/10.1080/1540496X.2022.2135372
dc.identifier.urihttps://hdl.handle.net/20.500.14730/11298
dc.identifier.volume59
dc.identifier.wosWOS:000881351700001
dc.identifier.wosqualityQ1
dc.indekslendigikaynakWeb of Science
dc.indekslendigikaynakScopus
dc.language.isoen
dc.publisherRoutledge Journals, Taylor & Francis Ltd
dc.relation.ispartofEmerging Markets Finance and Trade
dc.relation.publicationcategoryMakale - Uluslararası Hakemli Dergi - Kurum Öğretim Elemanı
dc.rightsinfo:eu-repo/semantics/closedAccess
dc.snmzKA_WOS_20250302
dc.subjectEmerging economies
dc.subjectfinancial development
dc.subjecteconomic globalization
dc.subjectpanel ARDL model
dc.subjectpanel FMOLS estimations
dc.titleDoes Financial Development Promote Economic Globalization? Evidence from the Top and the Bottom Globalized Emerging Economies
dc.typeArticle

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