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Pré-Publication, Document De Travail Année : 2019

Does International Financial Integration Increase the Standard of Living in Africa? A Frontier Approach

Résumé

We investigate whether a higher financial integration with the rest of the world can help the African countries reduce their production inefficiency and/or push up their efficient frontier of production. We use two alternative empirical approaches based, respectively, on a stochastic frontier analysis and quantile regressions. We provide evidence of heterogeneous situations across countries and time. This paper proposes a new approach for defining, at the aggregate level, a link between financial openness and production efficiency. We show that one size does not fit all: international financial integration can increase or decrease African countries' standard of living.
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Dates et versions

halshs-02093938 , version 1 (09-04-2019)

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  • HAL Id : halshs-02093938 , version 1

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Gilles Dufrénot, Kimiko Sugimoto. Does International Financial Integration Increase the Standard of Living in Africa? A Frontier Approach. 2019. ⟨halshs-02093938⟩
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