The study looked at how financial integration affects economic growth in different countries. They used a special model to see how factors like institutional quality, financial development, and trade openness impact this relationship. The results showed that the connection between financial integration and growth is not the same for all countries. Countries with strong financial systems and stable economies benefit more from financial integration. Emerging countries see different effects compared to industrialized ones. High levels of financial integration and trade openness can actually hurt growth in industrial countries. Additionally, high fiscal deficits have a bigger negative impact on growth in industrialized countries than in emerging economies.