Financial Development, Financial Openness and Trade Openness: New evidence

Arbeitspapier

Employing the Pedroni co-integration technique and the GMM estimator, this paper aims at investigating the possible connection between financial development, financial openness and trade openness in twenty-nine Asian developing countries over 1994-2008. Firstly, we find a bidirectional causality between trade openness and financial development/openness. Secondly, the relationship between financial development and financial openness is heterogeneous across different measures. Finally, this paper provides a complementary contribution to earlier studies as asking for the question of whether the inclusion of financial crisis in estimated models can change the nature of the relationship between financial development and both types of openness.

Angaben zum Objekt

• Sprache: Englisch

Verweise und Beziehungen

• Erschienen in: Series: FIW Working Paper ; No. 60

Klassifikation und Themen

• Klassifikation: Wirtschaft ; Micro-Based Behavioral Economics: General‡ ; Empirical Studies of Trade ; Financial Aspects of Economic Integration ; Financial Crises ; Economic Development: Financial Markets; Saving and Capital Investment; Corporate Finance and Governance
• Thema: Financial development ; Financial Openness ; International Trade ; Financial Crisis ; Developing countries ; Panel Co-integration

Beteiligte, Orts- und Zeitangaben

• Ereignis: Geistige Schöpfung
• (wer): Hanh, Pham Thi Hong
• Ereignis: Veröffentlichung
• (wer): FIW - Research Centre International Economics
• (wo): Vienna
• (wann): 2010

Weitere Informationen

• Handle: http://hdl.handle.net/10419/121064
• Letzte Aktualisierung: 10.03.2025, 11:41 MEZ