Does economic integration lead to financial market integration in the Asian region?

2021 ◽  
Vol 69 ◽  
pp. 366-377
Author(s):  
Yuegang Song ◽  
Ruixian Huang ◽  
Sudharshan Reddy Paramati ◽  
Abdulrasheed Zakari
Keyword(s):  
Financial Market ◽  
Economic Integration ◽  
Market Integration ◽  
Asian Region ◽  
Financial Market Integration

scholarly journals Economic integration in the quality ladder model

2008 ◽  
Vol 38 (4) ◽  
pp. 849-871
Author(s):  
Eduardo Correia de Souza
Keyword(s):  
International Trade ◽  
Financial Market ◽  
Economic Integration ◽  
Market Integration ◽  
Returns To Scale ◽  
Trade Integration ◽  
Ladder Model ◽  
Financial Market Integration ◽  
Quality Ladder

Here we perform the same kind of "integration experiments" as in Rivera-Batiz and Romer (1991), this time in the context of a "quality ladder model", where international trade integration is not enough to prevent redundancy of R&D efforts. Thus a further kind of integration is analysed: "financial market integration". We adopt as a setup the Simple Schumpeterian Model in Aghion and Howitt (2005), whose innovation technology differs sharply from the ones conceived by Rivera-Batiz and Romer in that it displays decreasing returns to scale.

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