關鍵字查詢 | 類別:期刊論文 | | 關鍵字:Dynamic Effects of Financial Openness on Economic Growth and Macroeconomic Uncertainty

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序號 學年期 教師動態
1 100/1 經濟系 林淑琴 教授 期刊論文 發佈 Dynamic Effects of Financial Openness on Economic Growth and Macroeconomic Uncertainty , [100-1] :Dynamic Effects of Financial Openness on Economic Growth and Macroeconomic Uncertainty期刊論文Dynamic Effects of Financial Openness on Economic Growth and Macroeconomic UncertaintyKim, Dong-Hyeon; Lin, Shu-Chin; Suen, Yu-Bo淡江大學經濟學系economic growth; financial openness; macroeconomic uncertainty; pooled mean group estimatorArmonk: M.E. Sharpe, Inc.Emerging Markets Finance and Trade 48(1), pp.25-54This 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 sh
2 100/1 經濟系 林淑琴 教授 期刊論文 發佈 Dynamic Effects of Financial Openness on Economic Growth and Macroeconomic Uncertainty , [100-1] :Dynamic Effects of Financial Openness on Economic Growth and Macroeconomic Uncertainty期刊論文Dynamic Effects of Financial Openness on Economic Growth and Macroeconomic UncertaintyKim, Dong-hyeon; Lin, Shu-Chin; Suen, Yu-bo淡江大學經濟學系Hoboken: Wiley-Blackwell Publishing, Inc.Emerging Markets Finance and Trade 48(1), pp.25-54This paper uses a new comprehensive cross-state panel for the United States over the 1945–2004 period to reassess the relationship between income inequality and economic development. By employing the pooled mean group estimator of Pesaran, Shin, and Smith (1999), it detects a long-run cointegrating association between inequality and development (as well as its squared term). Moreover, their relationship is better characterized by a U shape rather than the inverted-U profile asserted by Kuznets (1955). The evidence is robust to a variety of sensitivity tests. (JEL C14, C21, O11, O15)tku_id: ; 000119266; 000105030;Submitted by 河泉 黃 (river@mail.tku.edu.tw) on 2012-09-14T
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