How does financial development interact with economic growth in five ASEAN countries
Phan, Thanh Chung, Sun, Sizhong, and Vo, Diem Thi Hong (2019) How does financial development interact with economic growth in five ASEAN countries. Singapore Economic Review, 64 (3). pp. 441-460.
|
PDF (Accepted Author Version)
- Accepted Version
Download (325kB) | Preview |
|
PDF (Published Version)
- Published Version
Restricted to Repository staff only |
Abstract
This study examines the causal relationship between financial development, liberalization and economic growth through technological innovation channel in five South East Asia countries during the period 1980–2012, using a fully modified ordinary least square estimation technique. We find that technological deepening is driven by deepening in the financial system and financial liberalization rather than changes in a country’s market capitalization. We also find a negative effect from the financial openness, and a positive effect from financial deregulation.
Item ID: | 45021 |
---|---|
Item Type: | Article (Research - C1) |
ISSN: | 0217-5908 |
Keywords: | financial development, economic growth, FMOLS, South East Asia, financial liberalization |
Copyright Information: | © World Scientific Publishing Compan |
Date Deposited: | 09 Aug 2016 01:25 |
FoR Codes: | 44 HUMAN SOCIETY > 4404 Development studies > 440407 Socio-economic development @ 100% |
SEO Codes: | 91 ECONOMIC FRAMEWORK > 9101 Macroeconomics > 910103 Economic Growth @ 100% |
Downloads: |
Total: 2111 Last 12 Months: 51 |
More Statistics |