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Cited by 513

The DOI matches its Crossref record; 31 of the 31 references it cites were found in a registry or an index.

The Elusive Gains from International Financial Integration

Open access
GOURINCHAS, PIERRE-OLIVIER, JEANNE, OLIVIER·2006·Review of Economic Studies
DOI 10.1111/j.1467-937x.2006.00393.x
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Abstract

Standard theoretical arguments tell us that countries with relatively little capital benefit from financial integration as foreign capital flows in and speeds up the process of convergence. We show in a calibrated neoclassical model that conventionally measured welfare gains from this type of convergence appear relatively limited for the typical emerging country. The welfare gain from switching from financial autarky to perfect capital mobility is roughly equivalent to a 1% permanent increase in domestic consumption for the typical emerging economy. This is negligible relative to the potential welfare gain of a take-off in domestic productivity of the magnitude observed in some countries.

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Crossref · 10.1111/j.1467-937x.2006.00393.x

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Metadata

Authors
GOURINCHAS, P.-O., & JEANNE, O.
Venue
Review of Economic Studies
Publisher
Oxford University Press (OUP)
Published
2006-07
Volume
73
Issue
3
Pages
715-741
ISSN
  • 0034-6527 (ISSN-L)
  • 1467-937X
DOI
10.1111/j.1467-937x.2006.00393.x
OpenAlex
W2891255456
Cited by
513
References
31
FWCI
47.02
Type
journal article
Language
en
Open access
bronze

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CoChat. (2026). Citation check: The Elusive Gains from International Financial Integration. https://app.cochat.ai/papers/10.1111/j.1467-937x.2006.00393.x
The paper
GOURINCHAS, P.-O., & JEANNE, O. (2006). The Elusive Gains from International Financial Integration. Review of Economic Studies. https://doi.org/10.1111/j.1467-937x.2006.00393.x

Data sources

Bibliographic data: Semantic Scholar, OpenAlex, Crossref.

Contains information from the Semantic Scholar Academic Graph Datasets, made available under the ODC Attribution License (ODC-BY 1.0).

Semantic Scholar’s data is described in: Kinney, R., et al. (2023). The Semantic Scholar Open Data Platform. arXiv:2301.10140.