TY  - UNPD
A1  - Bertola, Giuseppe
A1  - Lo Prete, Anna
T1  - Openness, financial markets, and policies: cross-country and dynamic patterns
T2  - Center for Financial Studies (Frankfurt am Main): CFS working paper series ; No. 2008,55
N2  - We document significant and robust empirical relationships in cross-country panel data between government size or social expenditure on the one hand, and trade and financial development indicators on the other. Across countries, deeper economic integration is associated with more intense government redistribution, but more developed financial markets weaken that relationship. Over time, controlling for country-specific effects, public social expenditure appears to be eroded by globalization trends where financial market development can more easily substitute for it.
T3  - CFS working paper series - 2008, 55 
KW  - Financial Development
KW  - Globalization
KW  - Social Policy
KW  - Staat
KW  - Größe
KW  - Sozialausgaben
KW  - Welthandel
KW  - Finanzlage
Y1  - 2008
UR  - http://publikationen.ub.uni-frankfurt.de/frontdoor/index/index/docId/6198
UR  - https://nbn-resolving.org/urn:nbn:de:hebis:30-62348
ER  -