教師資料查詢 | 類別: 期刊論文 | 教師: 林淑琴 LIN SHU-CHIN (瀏覽個人網頁)

標題:Dynamic Effects of Trade Openness on Financial Development
學年98
學期1
出版(發表)日期2010/01/01
作品名稱Dynamic Effects of Trade Openness on Financial Development
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Amsterdam: Elsevier BV * North-Holland
著錄名稱、卷期、頁數Economic Modelling 27(1), pp. 254-261
摘要This paper employs the Pooled Mean Group (PMG) approach of Pesaran et al. (1999) to study the dynamic effects of trade openness on financial development. The advantage of the PMG estimator over other dynamic panel econometric techniques is that it allows short-run coefficients, speeds of adjustment and error variances to vary across countries, with cross-country homogeneity restrictions only on long-run parameters. Our results spanning 88 countries over 1960–2005 show that a positive long-run relationship between trade openness and financial development coexists with a negative short-run relationship. But when splitting the data into different income or inflation groups, this finding is observed only in relatively low-income countries or high-inflation economies.
關鍵字Financial development; Trade openness; Pooled Mean Group estimator
語言英文
ISSN0264-9993
期刊性質國外
收錄於SSCI
產學合作
通訊作者Lin, Shu-chin
審稿制度
國別荷蘭
公開徵稿
出版型式紙本
相關連結
Google+ 推薦功能,讓全世界都能看到您的推薦!