Financial openness, aggregate consumption, and threshold effects
Mardi | 2014-12-02 Sully 5, 16h-17h20 Daria ONORI – Marwân-al-Qays BOUSMAH We analyze the influence of financial openness on the level of aggregate consumption, a research question which has been left surprisingly unexplored by the previous literature. We construct a complete and balanced panel dataset of 88 countries for the period 1980-2010, and then differentiate between four groups of countries. Models for non stationary heterogeneous panels, as well as panel threshold regression models, are used to estimate the determinants of […]