Financial Integration in Europe: Effects on Markets and Economic Growth

Pichler, A.; Steiner, Katharina; Fink, Gerhard; Haiss, Peter

doi:10.1007/978-3-211-69388-9_4

Cited by 4 publications

(2 citation statements)

References 49 publications

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“…Felicia and Nicholas [47] selected 32 companies between 1930 and 1990, and used the correlation coefficient of inter-industry patents to measure the degree of integration between industries. Pichler et al [48] used the input-output method to measure the degree of European financial integration, then studied the impact of the financial integration process on the European economy. Yuan [49] used the industrial coupling coordination degree index to study the level of integration between China's environmental protection industry and the rubber manufacturing industry.…”

Section: Model Constructions and Analysismentioning

confidence: 99%

Does Industry Integration Improve the Competitiveness of China’s Electronic Information Industry?—Evidence from the Integration of the Electronic Information Industry and Financial Industry

et al. 2019

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As the pillar industry of China’s national economy, the electronic information industry plays an important role in social development and has increasingly become an important indicator of international competitiveness in the informatization age. We constructed a fusion evaluation model of the electronic information industry and financial industry in China, and used coupling theory to measure the integration degree of the two industries. Next, we empirically measure the impact of the industrial integration level on the competitiveness of the electronic information industry. According to the empirical test, we found that (1) the coupling degree ranged from 0.9 to 1 with minimal changes and that a strong coupling relationship existed between the electronic information industry and financial industry; (2) the coupling coordination degree ranged between 0.59 and 0.80, with a coordination level ranging from primary to intermediate coordination; and (3) the degree of industrial integration had a lagging positive impact on industrial competitiveness. Based on these results, we proposed policy recommendations to strengthen industrial integration and promote the international competitiveness of China’s electronic information industry for various aspects such as government services, technology upgrades, industry integration, and effective capital entry.

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Section: Model Constructions and Analysismentioning

confidence: 99%

Does Industry Integration Improve the Competitiveness of China’s Electronic Information Industry?—Evidence from the Integration of the Electronic Information Industry and Financial Industry

et al. 2019

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show abstract

“…To cope with the rapid financial development, various scholars have extended previous finance-growth studies by including additional financial sectors and segments (e.g. Obstfeld, 1994;Levine and Zervos, 1998;Fink, Haiss, Hristoforova, 2006;Haiss and Sümegi, 2008;Haiss and Pantel 2008), industry effects (Rajan and Zingales, 1998), the role of law (LaPorta et al, 1998), and integration and liberalisation effects (Rusek, 2004;Haiss and Fink, 2006;Pichler et al, 2008). Significant differences could be caused by the growth of derivatives exchanges, by the process of liberalization and integration within the financial markets, the appearance of new institutional investors as pension funds, insurance companies and hedge funds, and by new techniques of taking and transferring risk.…”

Section: Introductionmentioning

confidence: 99%