Relation entre intégration financière et croissance: pourquoi est-elle ambiguë?

Ben Doudou, Makrem (2009): Relation entre intégration financière et croissance: pourquoi est-elle ambiguë?

Abstract

Résumé:

La relation entre l’intégration financière et la croissance économique est jusqu’à nos jour ambiguë. D’un coté, les études théoriques affirment que la libéralisation du compte capital peut aider les pays à augmenter leur taux de croissance et à améliorer leur niveau de vie. D’un autre coté, on remarque qu’il y a peu d’études empiriques qui supportent la proposition que l’intégration financière internationale admet un effet significatif sur la croissance. Cette contribution cherche à expliquer la divergence des résultats entre les études théoriques et empiriques réalisées sur la question. Nous démontrons que cette ambiguïté est due à l’utilisation d’un échantillon hétérogène.

Abstract:

The relation between financial integration and the economic growth is until now ambiguous. On one hand, the theoretical studies assert that the liberalization of the capital account can help countries to increase their growth rate and to improve their standard of living. On the other one , we notice that there are few empirical studies which support the proposition that the international financial integration admits a significant effect on growth. This contribution tries to explain the difference of the results between the theoretical and empirical studies realized on the question. We demonstrate that this ambiguity is due to the use of a heterogeneous sample.

• Item Type: MPRA Paper
• English Title: Relation between financial integration and growth: why is she ambiguous?
• Language: French
• Keywords: intégration financière; croissance économique; données de panel
• Subjects: F - International Economics > F3 - International Finance > F36 - Financial Aspects of Economic Integration

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