| 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 | en |
| ISSN | 0038-4038 |
| 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 | USA |
| 公開徵稿 | |
| 出版型式 | 紙本 |
| 相關連結 |
機構典藏連結 ( http://tkuir.lib.tku.edu.tw:8080/dspace/handle/987654321/77270 ) |
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