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- Title
Nexus between global financial integration and economic growth: An ARDL approach.
- Authors
FARUK, Mohammad Omar
- Abstract
Scholars propose that global financial integration can boost foreign investment, technology transfer, and economic development, yet it presents challenges like inflation & financial risks. This study explores factors such as FDI, ODA, foreign assets, and external debt, shaping a country's economic growth. Focused on Bangladesh, it employs the ARDL approach for connecting financial integration and economic growth. Findings show significant impacts, with ODA & foreign assets benefiting while external debt & FDI have negative effects. These insights aid policy formulation to optimize foreign capital inflows and mitigate adverse consequences, fostering economic growth, unveiling the relationship between financial openness and development.
- Subjects
BANGLADESH; EXTERNAL debts; ECONOMIC expansion; CAPITAL movements; FOREIGN assets; FOREIGN investments; FINANCIAL risk
- Publication
Theoretical & Applied Economics, 2024, Vol 31, Issue 2, p161
- ISSN
1841-8678
- Publication type
Article