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Does foreign direct investment in financial services induce financial development? : lessons from emerging economies

Podikkalathil, Jithin; Manalaya, Suresh Babu - 2019

The authors employ panel Vector Error Correction Models (VECM) and cointegration framework to identify the existence and direction of the causal association between foreign direct investment (FDI) in financial services and financial development for 26 emerging economies for the period 2003-2015....

Persistent link: https://www.econbiz.de/10012120059