期刊論文

標題 Dynamic Effects of Financial Openness on Economic Growth and Macroeconomic Uncertainty
學年 100
學期 1
出版(發表)日期 2012/01/01
作品名稱 Dynamic Effects of Financial Openness on Economic Growth and Macroeconomic Uncertainty
作品名稱(其他語言)
著者 Kim, Dong-Hyeon; Lin, Shu-Chin; Suen, Yu-Bo
單位 淡江大學經濟學系
出版者 Armonk: M.E. Sharpe, Inc.
著錄名稱、卷期、頁數 Emerging Markets Finance and Trade 48(1), pp.25-54
摘要 This paper examines the dynamic effects of financial integration and foreign direct investment (FDI) on economic growth and macroeconomic uncertainty. Using the pooled mean group autoregressive distributed lag approach to annual data over 1975-2007 for ninety developing countries, we find that financial integration contributes to faster economic growth and lower growth uncertainty in the long run. The evidence also shows considerable heterogeneity in the short run. In addition, we find that FDI impedes output growth but mitigates uncertainty in output and consumption growth in the long run. In the short run, FDI has an average negative effect on growth and negligible effect on growth uncertainty, but there are large cross-country differences in response to FDI ntegration.
關鍵字 economic growth; financial openness; macroeconomic uncertainty; pooled mean group estimator
語言 英文
ISSN 1540-496X
期刊性質 國外
收錄於
產學合作
通訊作者
審稿制度
國別 美國
公開徵稿
出版型式 紙本