Artikel
ASEAN economic growth, trade openness and banking-sector depth: The nexus
This paper investigated the linkages between banking sector depth, trade openness, and economic growth using a panel data set covering the ASEAN regional forum countries for the period 1961–2012. Using our multivariate framework, we first found that all the variables were integrated of order one and were cointegrated. Our panel-data estimation procedures offered more robust estimates than previous studies by utilizing variations between countries as well as variations over time. The results of this study indicated a general long-run equilibrium relationship among trade openness, banking sector depth and economic growth as well as a short-run relationship between these variables. Policy recommendations include those that will promote greater banking sector development as well as increased trade openness.
- Language
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Englisch
- Bibliographic citation
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Journal: EconomiA ; ISSN: 1517-7580 ; Volume: 18 ; Year: 2017 ; Issue: 3 ; Pages: 359-379 ; Amsterdam: Elsevier
- Classification
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Wirtschaft
- Subject
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Trade openness
Banking sector depth
Economic growth
Granger causality
ASEAN regional forum countries
- Event
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Geistige Schöpfung
- (who)
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Pradhan, Rudra P.
Arvin, Mak B.
Hall, John H.
Norman, Neville R.
- Event
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Veröffentlichung
- (who)
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Elsevier
- (where)
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Amsterdam
- (when)
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2017
- DOI
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doi:10.1016/j.econ.2017.05.002
- Handle
- Last update
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20.09.2024, 8:24 AM CEST
Data provider
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Artikel
Associated
- Pradhan, Rudra P.
- Arvin, Mak B.
- Hall, John H.
- Norman, Neville R.
- Elsevier
Time of origin
- 2017