Trade, Growth and Growth Volatility: New Panel Evidence
學年 105
學期 1
出版（發表）日期 2016-09-01
作品名稱 Trade, Growth and Growth Volatility: New Panel Evidence
作品名稱（其他語言）
著者 Kim, D.H.; Lin, S.C.; Suen, Y. B.
單位
出版者
著錄名稱、卷期、頁數 International Review of Economics and Finance 45, p.384-399
摘要 This paper examines the relationships of trade with economic growth and growth volatility using the Chudik and Pesaran (2013) cross-sectionally augmented autoregressive distributed lag (CS-ARDL) panel data approach to account for the potential dynamic heterogeneity and cross-section dependency in the effects of trade. Some important results emerge. First, greater international trade, on average, promotes economic growth and amplifies growth volatility in the long run, and hence induces a positive long-run association between growth and growth volatility. Second, greater international trade stimulates economic activities and mitigates economic fluctuations, on average, in the short run, and therefore causes a negative short-run correlation between growth and growth volatility. And third, there is large heterogeneity in the effects of trade, depending upon a country's development level, financial system, macroeconomic policies, human capital, corruption, and labor regulation.
關鍵字 Trade openness;Economic growth;Growth volatility;Heterogeneous panel
語言 en
ISSN 1873-8036
期刊性質 國外
收錄於 SSCI
產學合作
通訊作者
審稿制度 是
國別 NLD
公開徵稿
出版型式 ,電子版,紙本
相關連結

機構典藏連結 ( http://tkuir.lib.tku.edu.tw:8080/dspace/handle/987654321/121923 )