{"id":"https://openalex.org/W4389728937","doi":"https://doi.org/10.1080/1540496x.2023.2284300","title":"Financial Development Convergence: Evidence from Top and Bottom Globalised Developing Economies","display_name":"Financial Development Convergence: Evidence from Top and Bottom Globalised Developing Economies","publication_year":2023,"publication_date":"2023-12-14","ids":{"openalex":"https://openalex.org/W4389728937","doi":"https://doi.org/10.1080/1540496x.2023.2284300"},"language":"en","primary_location":{"id":"doi:10.1080/1540496x.2023.2284300","doi":"https://doi.org/10.1080/1540496x.2023.2284300","is_oa":true,"landing_page_url":"https://doi.org/10.1080/1540496x.2023.2284300","pdf_url":"https://www.tandfonline.com/doi/pdf/10.1080/1540496X.2023.2284300?download=true","source":{"id":"https://openalex.org/S166264140","display_name":"Emerging Markets Finance and Trade","issn_l":"1061-2009","issn":["1061-2009","1540-496X","1558-0938"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-b","anvur-class-a","anvur-scientific","cwts-core","fnege-4","jufo-1","norway-1","poland-40","russia-white-list-1","vabb-shw"],"host_organization":"https://openalex.org/P4310320547","host_organization_name":"Taylor & Francis","host_organization_lineage":["https://openalex.org/P4310320547","https://openalex.org/P4310320449"],"host_organization_lineage_names":["Taylor & Francis","Informa"],"type":"journal"},"license":"cc-by-nc-nd","license_id":"https://openalex.org/licenses/cc-by-nc-nd","version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Emerging Markets Finance and Trade","raw_type":"journal-article"},"volume":null,"type":"article","indexed_in":["crossref"],"open_access":{"is_oa":true,"oa_status":"hybrid","oa_url":"https://www.tandfonline.com/doi/pdf/10.1080/1540496X.2023.2284300?download=true","any_repository_has_fulltext":false},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5000912730","display_name":"Zuoxiang Zhao","orcid":"https://orcid.org/0000-0003-4124-6499","observed_orcids":["https://orcid.org/0000-0003-4124-6499"]},"institutions":[{"id":"https://openalex.org/I19820366","display_name":"Chinese Academy of Sciences","ror":"https://ror.org/034t30j35","country_code":"CN","type":"government","lineage":["https://openalex.org/I19820366"]},{"id":"https://openalex.org/I4210116191","display_name":"Institutes of Science and Development","ror":"https://ror.org/02ce9qs13","country_code":"CN","type":"facility","lineage":["https://openalex.org/I19820366","https://openalex.org/I4210116191"]}],"countries":["CN"],"is_corresponding":false,"raw_author_name":"Zuoxiang Zhao","raw_affiliation_strings":["Institutes of Science and Development, Chinese Academy of Sciences, Beijing, China"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Institutes of Science and Development, Chinese Academy of Sciences, Beijing, China","institution_ids":["https://openalex.org/I19820366","https://openalex.org/I4210116191"]}]},{"author_position":"middle","author":{"id":"https://openalex.org/A5030019825","display_name":"Ding Han","orcid":"https://orcid.org/0000-0002-0773-7553","observed_orcids":["https://orcid.org/0000-0002-0773-7553"]},"institutions":[{"id":"https://openalex.org/I146563203","display_name":"University of International Business and Economics","ror":"https://ror.org/05khqpb71","country_code":"CN","type":"education","lineage":["https://openalex.org/I146563203"]}],"countries":["CN"],"is_corresponding":false,"raw_author_name":"Ding Han","raw_affiliation_strings":["International Business Strategy Institute, University of International Business and Economics (UIBE), Beijing, China"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"International Business Strategy Institute, University of International Business and Economics (UIBE), Beijing, China","institution_ids":["https://openalex.org/I146563203"]}]},{"author_position":"middle","author":{"id":"https://openalex.org/A5036681753","display_name":"Shreya Pal","orcid":"https://orcid.org/0000-0002-9248-2582","observed_orcids":["https://orcid.org/0000-0002-9248-2582"]},"institutions":[{"id":"https://openalex.org/I145894827","display_name":"Indian Institute of Technology Kharagpur","ror":"https://ror.org/03w5sq511","country_code":"IN","type":"education","lineage":["https://openalex.org/I145894827"]},{"id":"https://openalex.org/I48018076","display_name":"Christ University","ror":"https://ror.org/022tv9y30","country_code":"IN","type":"education","lineage":["https://openalex.org/I48018076"]}],"countries":["IN"],"is_corresponding":false,"raw_author_name":"Shreya Pal","raw_affiliation_strings":["Department of Humanities and Social Sciences, Indian Institute of Technology, Kharagpur, India","School of Business and Management, Christ University (Deemed to be University), Bangaluru, Karnataka, India"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Department of Humanities and Social Sciences, Indian Institute of Technology, Kharagpur, India","institution_ids":["https://openalex.org/I145894827"]},{"raw_affiliation_string":"School of Business and Management, Christ University (Deemed to be University), Bangaluru, Karnataka, India","institution_ids":["https://openalex.org/I48018076"]}]},{"author_position":"middle","author":{"id":"https://openalex.org/A5059116891","display_name":"Mantu Kumar Mahalik","orcid":"https://orcid.org/0000-0002-4057-8734","observed_orcids":["https://orcid.org/0000-0002-4057-8734"]},"institutions":[{"id":"https://openalex.org/I145894827","display_name":"Indian Institute of Technology Kharagpur","ror":"https://ror.org/03w5sq511","country_code":"IN","type":"education","lineage":["https://openalex.org/I145894827"]}],"countries":["IN"],"is_corresponding":false,"raw_author_name":"Mantu Kumar Mahalik","raw_affiliation_strings":["Department of Humanities and Social Sciences, Indian Institute of Technology, Kharagpur, India"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Department of Humanities and Social Sciences, Indian Institute of Technology, Kharagpur, India","institution_ids":["https://openalex.org/I145894827"]}]},{"author_position":"last","author":{"id":"https://openalex.org/A5077011054","display_name":"Giray G\u00f6zg\u00f6r","orcid":"https://orcid.org/0000-0003-3670-4360","observed_orcids":["https://orcid.org/0000-0003-3670-4360"]},"institutions":[{"id":"https://openalex.org/I139894009","display_name":"University of Bradford","ror":"https://ror.org/00vs8d940","country_code":"GB","type":"education","lineage":["https://openalex.org/I139894009"]},{"id":"https://openalex.org/I56306041","display_name":"Lebanese American University","ror":"https://ror.org/00hqkan37","country_code":"LB","type":"education","lineage":["https://openalex.org/I56306041"]},{"id":"https://openalex.org/I57913696","display_name":"Istanbul Medeniyet University","ror":"https://ror.org/05j1qpr59","country_code":"TR","type":"education","lineage":["https://openalex.org/I57913696"]}],"countries":["GB","LB","TR"],"is_corresponding":true,"raw_author_name":"Giray Gozgor","raw_affiliation_strings":["Adnan Kassar School of Business, Lebanese American University, Beirut, Lebanon","Faculty of Political Sciences, Istanbul Medeniyet University, Istanbul, Turkey","School of Management, University of Bradford, Bradford, UK"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Adnan Kassar School of Business, Lebanese American University, Beirut, Lebanon","institution_ids":["https://openalex.org/I56306041"]},{"raw_affiliation_string":"Faculty of Political Sciences, Istanbul Medeniyet University, Istanbul, Turkey","institution_ids":["https://openalex.org/I57913696"]},{"raw_affiliation_string":"School of Management, University of Bradford, Bradford, UK","institution_ids":["https://openalex.org/I139894009"]}]}],"institutions":[],"countries_distinct_count":5,"institutions_distinct_count":8,"corresponding_author_ids":["https://openalex.org/A5077011054"],"corresponding_institution_ids":["https://openalex.org/I139894009","https://openalex.org/I56306041","https://openalex.org/I57913696"],"apc_list":null,"apc_paid":null,"fwci":4.3593,"has_fulltext":true,"cited_by_count":11,"citation_normalized_percentile":{"value":0.94555993,"is_in_top_1_percent":false,"is_in_top_10_percent":true},"cited_by_percentile_year":{"min":89,"max":99},"biblio":{"volume":"60","issue":"8","first_page":"1599","last_page":"1622"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T10007","display_name":"Monetary Policy and Economic Impact","score":0.7836999893188477,"subfield":{"id":"https://openalex.org/subfields/2000","display_name":"General Economics, Econometrics and Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T10007","display_name":"Monetary Policy and Economic Impact","score":0.7836999893188477,"subfield":{"id":"https://openalex.org/subfields/2000","display_name":"General Economics, Econometrics and Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10503","display_name":"Global Financial Crisis and Policies","score":0.10140000283718109,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T14317","display_name":"Finance, Markets, and Regulation","score":0.03290000185370445,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/financial-development","display_name":"financial development","score":0.3619999885559082},{"id":"https://openalex.org/keywords/developing-countries","display_name":"developing countries","score":0.5770000219345093},{"id":"https://openalex.org/keywords/economic-globalization","display_name":"economic globalization","score":0.5559999942779541},{"id":"https://openalex.org/keywords/speed-of-convergence","display_name":"speed of convergence","score":0.6439999938011169},{"id":"https://openalex.org/keywords/financial-institutions","display_name":"financial institutions","score":0.7149999737739563},{"id":"https://openalex.org/keywords/financial-markets","display_name":"financial markets","score":0.9900000095367432},{"id":"https://openalex.org/keywords/financial-market-governance","display_name":"financial market governance","score":0.9829999804496765},{"id":"https://openalex.org/keywords/europe-and-central-asia","display_name":"Europe and Central Asia","score":0.8050000071525574},{"id":"https://openalex.org/keywords/south-asia","display_name":"South Asia","score":0.9990000128746033}],"concepts":[{"id":"https://openalex.org/C135798126","wikidata":"https://www.wikidata.org/wiki/Q2167279","display_name":"Top-down and bottom-up design","level":2,"score":0.6588013172149658},{"id":"https://openalex.org/C2777303404","wikidata":"https://www.wikidata.org/wiki/Q759757","display_name":"Convergence (economics)","level":2,"score":0.6296305060386658},{"id":"https://openalex.org/C144133560","wikidata":"https://www.wikidata.org/wiki/Q4830453","display_name":"Business","level":0,"score":0.47859808802604675},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.44459304213523865},{"id":"https://openalex.org/C83864248","wikidata":"https://www.wikidata.org/wiki/Q177323","display_name":"Developing country","level":2,"score":0.41037362813949585},{"id":"https://openalex.org/C10138342","wikidata":"https://www.wikidata.org/wiki/Q43015","display_name":"Finance","level":1,"score":0.3619929254055023},{"id":"https://openalex.org/C50522688","wikidata":"https://www.wikidata.org/wiki/Q189833","display_name":"Economic growth","level":1,"score":0.19432780146598816},{"id":"https://openalex.org/C41008148","wikidata":"https://www.wikidata.org/wiki/Q21198","display_name":"Computer science","level":0,"score":0.11745569109916687},{"id":"https://openalex.org/C115903868","wikidata":"https://www.wikidata.org/wiki/Q80993","display_name":"Software engineering","level":1,"score":0.0}],"mesh":[],"locations_count":2,"locations":[{"id":"doi:10.1080/1540496x.2023.2284300","doi":"https://doi.org/10.1080/1540496x.2023.2284300","is_oa":true,"landing_page_url":"https://doi.org/10.1080/1540496x.2023.2284300","pdf_url":"https://www.tandfonline.com/doi/pdf/10.1080/1540496X.2023.2284300?download=true","source":{"id":"https://openalex.org/S166264140","display_name":"Emerging Markets Finance and Trade","issn_l":"1061-2009","issn":["1061-2009","1540-496X","1558-0938"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-b","anvur-class-a","anvur-scientific","cwts-core","fnege-4","jufo-1","norway-1","poland-40","russia-white-list-1","vabb-shw"],"host_organization":"https://openalex.org/P4310320547","host_organization_name":"Taylor & Francis","host_organization_lineage":["https://openalex.org/P4310320547","https://openalex.org/P4310320449"],"host_organization_lineage_names":["Taylor & Francis","Informa"],"type":"journal"},"license":"cc-by-nc-nd","license_id":"https://openalex.org/licenses/cc-by-nc-nd","version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Emerging Markets Finance and Trade","raw_type":"journal-article"},{"id":"pmh:oai:RePEc:mes:emfitr:v:60:y:2024:i:8:p:1599-1622","doi":null,"is_oa":false,"landing_page_url":"http://hdl.handle.net/10.1080/1540496X.2023.2284300","pdf_url":null,"source":{"id":"https://openalex.org/S4306401271","display_name":"RePEc: Research Papers in Economics","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I77793887","host_organization_name":"Federal Reserve Bank of St. Louis","host_organization_lineage":["https://openalex.org/I77793887"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"article"}],"best_oa_location":{"id":"doi:10.1080/1540496x.2023.2284300","doi":"https://doi.org/10.1080/1540496x.2023.2284300","is_oa":true,"landing_page_url":"https://doi.org/10.1080/1540496x.2023.2284300","pdf_url":"https://www.tandfonline.com/doi/pdf/10.1080/1540496X.2023.2284300?download=true","source":{"id":"https://openalex.org/S166264140","display_name":"Emerging Markets Finance and Trade","issn_l":"1061-2009","issn":["1061-2009","1540-496X","1558-0938"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-b","anvur-class-a","anvur-scientific","cwts-core","fnege-4","jufo-1","norway-1","poland-40","russia-white-list-1","vabb-shw"],"host_organization":"https://openalex.org/P4310320547","host_organization_name":"Taylor & Francis","host_organization_lineage":["https://openalex.org/P4310320547","https://openalex.org/P4310320449"],"host_organization_lineage_names":["Taylor & Francis","Informa"],"type":"journal"},"license":"cc-by-nc-nd","license_id":"https://openalex.org/licenses/cc-by-nc-nd","version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Emerging Markets Finance and Trade","raw_type":"journal-article"},"sustainable_development_goals":[],"study_designs":[],"awards":[],"funders":[],"has_content":{"pdf":true,"grobid_xml":true},"content_urls":{"pdf":"https://content.openalex.org/works/W4389728937.pdf","grobid_xml":"https://content.openalex.org/works/W4389728937.grobid-xml"},"referenced_works_count":87,"referenced_works":["https://openalex.org/W1510399555","https://openalex.org/W1520811918","https://openalex.org/W1562614354","https://openalex.org/W1600936475","https://openalex.org/W1701029335","https://openalex.org/W1813072417","https://openalex.org/W1964182009","https://openalex.org/W1973814184","https://openalex.org/W1996185400","https://openalex.org/W1997987418","https://openalex.org/W2009695957","https://openalex.org/W2012774161","https://openalex.org/W2016534391","https://openalex.org/W2018944810","https://openalex.org/W2027812141","https://openalex.org/W2032305868","https://openalex.org/W2041403447","https://openalex.org/W2042201402","https://openalex.org/W2044248787","https://openalex.org/W2048894578","https://openalex.org/W2049438615","https://openalex.org/W2067326834","https://openalex.org/W2070076519","https://openalex.org/W2072605011","https://openalex.org/W2073869944","https://openalex.org/W2078556006","https://openalex.org/W2091104215","https://openalex.org/W2091658595","https://openalex.org/W2092192629","https://openalex.org/W2096734231","https://openalex.org/W2100987498","https://openalex.org/W2103335649","https://openalex.org/W2110707323","https://openalex.org/W2117899509","https://openalex.org/W2124505431","https://openalex.org/W2135970916","https://openalex.org/W2151574635","https://openalex.org/W2152463964","https://openalex.org/W2158001159","https://openalex.org/W2161965672","https://openalex.org/W2162335029","https://openalex.org/W2166974667","https://openalex.org/W2184236903","https://openalex.org/W2212655598","https://openalex.org/W2284102101","https://openalex.org/W2425896407","https://openalex.org/W2500903888","https://openalex.org/W2518226827","https://openalex.org/W2610730210","https://openalex.org/W2612170136","https://openalex.org/W2615803758","https://openalex.org/W2724480290","https://openalex.org/W2763554097","https://openalex.org/W2785400778","https://openalex.org/W2788638453","https://openalex.org/W2804823038","https://openalex.org/W2870505913","https://openalex.org/W2883452735","https://openalex.org/W2885391564","https://openalex.org/W2913711628","https://openalex.org/W2925821398","https://openalex.org/W2932518175","https://openalex.org/W2937927129","https://openalex.org/W2955623872","https://openalex.org/W2981322523","https://openalex.org/W3024287278","https://openalex.org/W3080889487","https://openalex.org/W3121722945","https://openalex.org/W3122312659","https://openalex.org/W3122509291","https://openalex.org/W3124351193","https://openalex.org/W3124803532","https://openalex.org/W3124818018","https://openalex.org/W3125147766","https://openalex.org/W3125298939","https://openalex.org/W3146090090","https://openalex.org/W3191378993","https://openalex.org/W3192805274","https://openalex.org/W3214777563","https://openalex.org/W4206914863","https://openalex.org/W4221130944","https://openalex.org/W4237875843","https://openalex.org/W4283574815","https://openalex.org/W4304163555","https://openalex.org/W4307454583","https://openalex.org/W4308884912","https://openalex.org/W4313459883"],"related_works":["https://openalex.org/W4308884912","https://openalex.org/W3080889487","https://openalex.org/W2072605011","https://openalex.org/W6920615429","https://openalex.org/W7160506350","https://openalex.org/W2349878879","https://openalex.org/W4399094967","https://openalex.org/W2995794434","https://openalex.org/W4401689953","https://openalex.org/W1515636183"],"abstract_inverted_index":{"This":[0],"paper":[1],"investigates":[2],"the":[3,6,11,18,30,37,44,53,61,70,77,89,111],"pattern":[4],"of":[5,46,57,63,91],"financial":[7,38,47,64,92,95,98,107],"development":[8,39,48,65],"convergence":[9,33,45,66],"for":[10],"top":[12,54,78],"(Europe":[13],"and":[14,17,55,94,105],"Central":[15],"Asia)":[16,21],"bottom":[19,56,71,112],"(South":[20],"globalized":[22,58,72,79,113],"developing":[23,59,73,80,86],"regions":[24,87],"from":[25],"1984":[26],"to":[27,35],"2016.We":[28],"employ":[29],"Philips-Sul":[31],"club":[32],"approach":[34],"measure":[36],"convergence's":[40],"speed.The":[41],"results":[42,83],"validate":[43],"in":[49,69,76,88,110],"all":[50],"countries,":[51],"including":[52],"regions.Interestingly,":[60],"speed":[62],"is":[67],"less":[68],"region":[74],"than":[75],"region.However,":[81],"these":[82],"vary":[84],"across":[85],"case":[90],"institutions":[93],"markets.Therefore,":[96],"solid":[97],"market":[99],"governance":[100],"can":[101],"provide":[102],"a":[103],"productive":[104],"efficient":[106],"system,":[108],"particularly":[109],"economies.":[114]},"counts_by_year":[{"year":2026,"cited_by_count":8},{"year":2025,"cited_by_count":2},{"year":2024,"cited_by_count":1}],"updated_date":"2026-10-16T09:59:22.235173","created_date":"2023-12-15T00:00:00"}
