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:Are Financial Development and Trade Openness Complements or Substitutes?
學年98
學期1
出版(發表)日期2010/01/01
作品名稱Are Financial Development and Trade Openness Complements or Substitutes?
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Chattanooga: Southern Economic Association
著錄名稱、卷期、頁數Southern Economic Journal 76(3), pp.827-845
摘要This article studies the long- and short-run relationships between financial development and trade openness. Using the pooled mean group estimator of Pesaran, Shin, and Smith (1999) for unbalanced panel data for 87 countries over the 1960-2005 period, our empirical results indicate that long-run complementarity between financial development and trade openness coexists with short-run substitutionarity between the two policy variables. But when splitting the data into OECD and non-OECD country groups, this finding can be observed only in non-OECD countries. For OECD countries, financial development has negligible effects on trade. In addition, we find nonlinearity in the relationship in that long-run responses of trade decrease with financial development. The article further finds coexistence of negative trade effects of financial fragility and positive trade impacts of financial depth.
關鍵字
語言英文
ISSN0038-4038
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
國別美國
公開徵稿
出版型式紙本
相關連結
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