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:The simultaneous evolution of economic growth, financial development, and trade openness
學年99
學期2
出版(發表)日期2011/03/01
作品名稱The simultaneous evolution of economic growth, financial development, and trade openness
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Abingdon: Routledge
著錄名稱、卷期、頁數The Journal of International Trade &; Economic Development 21(4), pp.513-537
摘要This article empirically investigates the interactions among economic growth, financial development, and trade openness through simultaneous equation systems. The identification and estimation of the systems rely on the methodology of identification through heteroskedasticity. The empirical results show that each of the three variables interacts in important ways. When controlling for the reverse causation, trade promotes economic growth in high-income, low-inflation, and nonagricultural countries but has a negative impact on growth in countries with the opposite attributes. Similarly, when accounting for the feedbacks from growth, banks and stock markets have different impacts on economic growth. While banking development is detrimental to output growth, stock market development is more favorable to growth in high-income, low-inflation, and nonagricultural countries. The data also reveal coexistence of a positive effect of financial development on trade and a negative effect of trade on financial development in poorer countries. In richer countries, financial development stimulates trade openness whereas trade has an ambiguous impact on financial development.
關鍵字economic growth; financial development; trade openness; identification through heteroskedasticity; C33; G21; O16
語言英文(美國)
ISSN0963-8199
期刊性質國外
收錄於
產學合作
通訊作者Kim, Dong-hyeon
審稿制度
國別英國
公開徵稿
出版型式紙本
相關連結
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