Determinants of International Financial Integration of GCC Markets

Alotaibi, Abdullah R.; Mishra, Anil V.

doi:10.1016/b978-0-12-411549-1.00031-4

Cited by 19 publications

(20 citation statements)

References 35 publications

(29 reference statements)

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“…The mean value for capita openness in the European transition countries is very low (0.35) and two times less than in the European post transition countries. It is not with our expectations and previous studies done by Vo and Daly, 2007, Furceri et al, 2012and Alotaibi and Mishra, 2014. For example, a one percentage increase in KAOPEN will decrease the level of international financial integration by 0.92%.…”

Section: Findings and Discussioncontrasting

confidence: 97%

Are Determinants of International Financial Integration in the European Transition Countries Different from Post-Transition Countries?

Ganić

2020

SSRN Journal

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Section: Findings and Discussioncontrasting

confidence: 97%

Are Determinants of International Financial Integration in the European Transition Countries Different from Post-Transition Countries?

Ganić

2020

SSRN Journal

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“…If we follow some recent studies (Lane and Milesi-Ferretti 2003, Furceri et al, 2012and Alotaibi and Mishra, 2014 it can be concluded that if any country from the sample has more or less developed financial market, higher or lower level of financial deepening, it may induce more or less integration of the country in international financial flows.…”

Section: Findings and Discussionmentioning

confidence: 80%

“…The aforementioned variables are included in our model and are expected to be positive indicators. Recent empirical research supports the view that the development of the financial sector amplifies the growth of international financial integration (Furceri et al, 2012 andAlotaibi andMishra, 2014). More developed financial markets attract foreign investors who want to diversify their portfolio and thus acts as a stimulant financial integration.…”

Section: Methodology and Datamentioning

confidence: 86%

“…The variable KaOpen (Capital Openness) is used to measure inancial liberalization. Previous studies (Vo and Daly, 2007, Furceri et al, 2012and Alotaibi and Mishra, 2014 have shown that high financial sector liberalization and the free mobility of capital positively affect the degree of international financial integration. The expected relationship between these variables and international financial integration is a positive.…”

Section: Methodology and Datamentioning

confidence: 95%

“…Recently, Alotaibi and Mishra (2014) employed external assets and liabilities positions as a depended variable in order to measure the level of international financial integration in seven countries of the Gulf Cooperation Council (GCC) between 1980 and 2010. They find that some variables as trade openness, financial openness and domestic credit have statistically significant impact on the level of international financial integration in the GCC region.…”

Section: Literature Reviewmentioning

confidence: 99%

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Are Determinants of International Financial Integration in the European Transition Countries Different from Post-Transition Countries?

Ganić

2020

Studies in Business and Economics

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The paper seeks to empirically explore the variations and changes in the degree of International Financial Integration (IFI) between the European Transition countries and Post-Transition countries between 2000 and 2016. The estimation of parameters was made using the Generalized Method of Moment (GMM) approach. The findings of the study reveal that European Post-Transition countries have relatively more developed financial systems compared to European Transition countries, where private credit market is still playing an overwhelmingly important role in a financial system while stock markets are in an early stage of development constituting a relatively small share of the financial system. Even though in Panel 3 there are significant control variables, our findings reveal that IFI in European transition countries are affected neither by stock market capitalization and private credit markets. Consequently, they can’t be used in this stage of financial development for explanation of variations and changes in the degree of IFI.

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RETRACTED ARTICLE: Trade openness and CO2 emanations: a heterogeneous analysis on the developing eight (D8) countries

Musah

Kong

Mensah

et al. 2021

Environ Sci Pollut Res

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Determinants of International Financial Integration of GCC Markets

Cited by 19 publications

References 35 publications

Are Determinants of International Financial Integration in the European Transition Countries Different from Post-Transition Countries?

Are Determinants of International Financial Integration in the European Transition Countries Different from Post-Transition Countries?

Are Determinants of International Financial Integration in the European Transition Countries Different from Post-Transition Countries?

RETRACTED ARTICLE: Trade openness and CO2 emanations: a heterogeneous analysis on the developing eight (D8) countries

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