Linkages between Financial Development and Openness: panel evidence from developing countries
Author
Abstract
Suggested Citation
Download full text from publisher
References listed on IDEAS
- Venus Khim-Sen Liew, 2004. "Which Lag Length Selection Criteria Should We Employ?," Economics Bulletin, AccessEcon, vol. 3(33), pages 1-9.
- Im, Kyung So & Pesaran, M. Hashem & Shin, Yongcheol, 2003.
"Testing for unit roots in heterogeneous panels,"
Journal of Econometrics, Elsevier, vol. 115(1), pages 53-74, July.
- Pasaran, M.H. & Im, K.S. & Shin, Y., 1995. "Testing for Unit Roots in Heterogeneous Panels," Cambridge Working Papers in Economics 9526, Faculty of Economics, University of Cambridge.
- Tom Doan, "undated". "IPSHIN: RATS procedure to implement Im, Pesaran and Shin panel unit root test," Statistical Software Components RTS00098, Boston College Department of Economics.
- Kim, Dong-Hyeon & Lin, Shu-Chin & Suen, Yu-Bo, 2010. "Dynamic effects of trade openness on financial development," Economic Modelling, Elsevier, vol. 27(1), pages 254-261, January.
- repec:ebl:ecbull:v:3:y:2004:i:33:p:1-9 is not listed on IDEAS
- Baltagi, Badi H. & Demetriades, Panicos O. & Law, Siong Hook, 2009.
"Financial development and openness: Evidence from panel data,"
Journal of Development Economics, Elsevier, vol. 89(2), pages 285-296, July.
- Badi H. Baltagi & Panicos O. Demetriades & Siong Hook Law, 2008. "Financial Development and Openness: Evidence from Panel Data," Center for Policy Research Working Papers 107, Center for Policy Research, Maxwell School, Syracuse University.
- Romain Wacziarg & Karen Horn Welch, 2008.
"Trade Liberalization and Growth: New Evidence,"
The World Bank Economic Review, World Bank, vol. 22(2), pages 187-231, June.
- Romain Wacziarg & Karen Horn Welch, 2003. "Trade Liberalization and Growth: New Evidence," NBER Working Papers 10152, National Bureau of Economic Research, Inc.
- Wacziarg, Romain & Welch, Karen Horn, 2003. "Trade Liberalization and Growth: New Evidence," Research Papers 1826, Stanford University, Graduate School of Business.
- Rudiger Dornbusch, 1992. "The Case for Trade Liberalization in Developing Countries," Journal of Economic Perspectives, American Economic Association, vol. 6(1), pages 69-85, Winter.
- Beck, Thorsten & Demirguc-Kunt, Asli & Levine, Ross, 1999. "A new database on financial development and structure," Policy Research Working Paper Series 2146, The World Bank.
- Manole, Vlad & Spatareanu, Mariana, 2010. "Trade openness and income -- A re-examination," Economics Letters, Elsevier, vol. 106(1), pages 1-3, January.
- Jennifer Mbabazi, & Chris Milner, & Oliver Morrissey, 2006. "Trade Openness, Trade Costs and Growth: Why Sub-Saharan Africa Performs Poorly," Discussion Papers 06/08, University of Nottingham, CREDIT.
- Rajan, Raghuram G. & Zingales, Luigi, 2003. "The great reversals: the politics of financial development in the twentieth century," Journal of Financial Economics, Elsevier, vol. 69(1), pages 5-50, July.
- Beck , Thorsten & Demirguc-Kunt, Asli & Levine, Ross, 2009. "Financial institutions and markets across countries and over time - data and analysis," Policy Research Working Paper Series 4943, The World Bank.
- Levin, Andrew & Lin, Chien-Fu & James Chu, Chia-Shang, 2002.
"Unit root tests in panel data: asymptotic and finite-sample properties,"
Journal of Econometrics, Elsevier, vol. 108(1), pages 1-24, May.
- Tom Doan, "undated". "LEVINLIN: RATS procedure to perform Levin-Lin-Chu test for unit roots in panel data," Statistical Software Components RTS00242, Boston College Department of Economics.
Citations
Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
Cited by:
- Khoutem Ben Jedidia, 2015. "Trade openness-financial development nexus: Bounds testing approach and causality tests for Tunisia," Romanian Economic Journal, Department of International Business and Economics from the Academy of Economic Studies Bucharest, vol. 18(58), pages 27-50, December.
- Xiao-Jun Goh & Wen-Qi Tong & Tuck-Cheong Tang, 2019. "Financial Openness and Trade Openness Nexus: Empirical Evidence from Global Data," Capital Markets Review, Malaysian Finance Association, vol. 27(1), pages 1-18.
- Simplice Anutechia Asongu, 2012.
"Bank Efficiency and Openness in Africa: Do Income Levels Matter?,"
The Review of Finance and Banking, Academia de Studii Economice din Bucuresti, Romania / Facultatea de Finante, Asigurari, Banci si Burse de Valori / Catedra de Finante, vol. 4(2), pages 115-122, December.
- Simplice A, Asongu, 2010. "Bank efficiency and openness in Africa: do income levels matter?," MPRA Paper 27011, University Library of Munich, Germany.
- Asongu Simplice, 2010. "Bank Efficiency and Openness in Africa: Do Income Levels Matter?," Working Papers of the African Governance and Development Institute. 10/001, African Governance and Development Institute., revised 18 Dec 2011.
Most related items
These are the items that most often cite the same works as this one and are cited by the same works as this one.- Simplice A, Asongu, 2010. "Financial development, trade openness and financial openness: do income levels matter for developing countries?," MPRA Paper 27441, University Library of Munich, Germany.
- Simplice A. Asongu & Joseph Nnanna & Vanessa S. Tchamyou, 2020.
"The comparative African regional economics of globalization in financial allocation efficiency: the pre-crisis era revisited,"
Financial Innovation, Springer;Southwestern University of Finance and Economics, vol. 6(1), pages 1-41, December.
- Simplice A. Asongu & Joseph Nnanna & Vanessa S. Tchamyou, 2019. "The Comparative African Regional Economics of Globalization in Financial Allocation Efficiency: Pre-Crisis Era Revisited," Research Africa Network Working Papers 19/085, Research Africa Network (RAN).
- Simplice A. Asongu & Joseph Nnanna & Vanessa S. Tchamyou, 2019. "The Comparative African Regional Economics of Globalization in Financial Allocation Efficiency: Pre-Crisis Era Revisited," Working Papers of the African Governance and Development Institute. 19/085, African Governance and Development Institute..
- Asongu, Simplice & Nnanna, Joseph & Tchamyou, Vanessa, 2019. "The Comparative African Regional Economics of Globalization in Financial Allocation Efficiency: Pre-Crisis Era Revisited," MPRA Paper 102027, University Library of Munich, Germany, revised Jan 2020.
- Simplice A. Asongu & Joseph Nnanna & Vanessa S. Tchamyou, 2019. "The Comparative African Regional Economics of Globalization in Financial Allocation Efficiency: Pre-Crisis Era Revisited," Working Papers 19/085, European Xtramile Centre of African Studies (EXCAS).
- Asongu, Simplice & Tchamyou, Vanessa, 2015.
"The Comparative African Regional Economics of Globalization in Financial Allocation Efficiency,"
MPRA Paper
71173, University Library of Munich, Germany.
- Simplice A. Asongu & Vanessa S. Tchamyou, 2015. "The Comparative African Regional Economics of Globalization in Financial Allocation Efficiency," Research Africa Network Working Papers 15/053, Research Africa Network (RAN).
- Simplice Asongu & Vanessa Tchamyou, 2015. "The Comparative African Regional Economics of Globalization in Financial Allocation Efficiency," Working Papers of the African Governance and Development Institute. 15/053, African Governance and Development Institute..
- Simplice Anutechia Asongu, 2012.
"Bank Efficiency and Openness in Africa: Do Income Levels Matter?,"
The Review of Finance and Banking, Academia de Studii Economice din Bucuresti, Romania / Facultatea de Finante, Asigurari, Banci si Burse de Valori / Catedra de Finante, vol. 4(2), pages 115-122, December.
- Simplice A, Asongu, 2010. "Bank efficiency and openness in Africa: do income levels matter?," MPRA Paper 27011, University Library of Munich, Germany.
- Asongu Simplice, 2010. "Bank Efficiency and Openness in Africa: Do Income Levels Matter?," Working Papers of the African Governance and Development Institute. 10/001, African Governance and Development Institute., revised 18 Dec 2011.
- Simplice A., Asongu, 2011. "Globalization, financial allocation efficiency and regional economic dynamics: asymmetric panel evidence from Africa," MPRA Paper 33901, University Library of Munich, Germany.
- Asongu Simplice, 2011. "Globalization, Financial Development and Regional Economic Dynamics: asymmetric panel evidence from Africa," Working Papers of the African Governance and Development Institute. 11/008, African Governance and Development Institute..
- Kais Mtar & Walid Belazreg, 2023. "On the nexus of innovation, trade openness, financial development and economic growth in European countries: New perspective from a GMM panel VAR approach," International Journal of Finance & Economics, John Wiley & Sons, Ltd., vol. 28(1), pages 766-791, January.
- Ritu Rani & Naresh Kumar, 2018. "Panel Data Analysis of Financial Development, Trade Openness, and Economic Growth: Evidence from BRICS Countries," Emerging Economy Studies, International Management Institute, vol. 4(1), pages 1-18, May.
- Asongu, Anutechia Simplice, 2010. "Stock Market Development in Africa: do all macroeconomic financial intermediary determinants matter?," MPRA Paper 26910, University Library of Munich, Germany.
- Khalid, Usman & Shafiullah, Muhammad, 2021.
"Financial development and governance: A panel data analysis incorporating cross-sectional dependence,"
Economic Systems, Elsevier, vol. 45(2).
- Khalid, Usman & Shafiullah, Muhammad, 2020. "Financial Development and Governance: A Panel Data Analysis Incorporating Cross-sectional Dependence," MPRA Paper 100880, University Library of Munich, Germany.
- Simplice A., Asongu, 2011.
"New financial intermediary development indicators for developing countries,"
MPRA Paper
30921, University Library of Munich, Germany.
- Asongu Simplice, 2011. "New financial intermediary development indicators for developing countries," Working Papers of the African Governance and Development Institute. 11/005, African Governance and Development Institute..
- Uslu, Çağrı Levent & Aydoğan, Ebru Tomris & Ketenci, Natalya, 2015. "Economic Growth, Financial Development, and Trade Openness in Emerging Markets: Panel Approach," MPRA Paper 64722, University Library of Munich, Germany.
- BAYAR Yilmaz & AKYUZ Fatma & EREM Isil, 2017. "Openness And Financial Development In Central And Eastern European Countries," Studies in Business and Economics, Lucian Blaga University of Sibiu, Faculty of Economic Sciences, vol. 12(3), pages 5-16, December.
- Ashraf, Badar Nadeem, 2018. "Do trade and financial openness matter for financial development? Bank-level evidence from emerging market economies," Research in International Business and Finance, Elsevier, vol. 44(C), pages 434-458.
- Eicher, Theo S. & Schreiber, Till, 2010.
"Structural policies and growth: Time series evidence from a natural experiment,"
Journal of Development Economics, Elsevier, vol. 91(1), pages 169-179, January.
- Theo Eicher & Till Schreiber, 2006. "Structural Policies and Growth: Time Series Evidence from a Natural Experiment," Working Papers 48, Department of Economics, College of William and Mary.
- repec:zbw:bofitp:urn:nbn:fi:bof-201505061169 is not listed on IDEAS
- Simplice A. Asongu & Joseph Nnanna & Paul N. Acha-Anyi, 2021.
"The Openness Hypothesis in the Context of Economic Development in Sub-Saharan Africa: The Moderating Role of Trade Dynamics on FDI,"
The International Trade Journal, Taylor & Francis Journals, vol. 35(4), pages 336-359, July.
- Asongu, Simplice & Nnanna, Joseph & Acha-Anyi, Paul, 2020. "The Openness Hypothesis in the Context of Economic Development in Sub-Saharan Africa: The Moderating Role of Trade Dynamics on FDI," MPRA Paper 107135, University Library of Munich, Germany.
- Simplice A. Asongu & Joseph Nnanna & Paul N. Acha-Anyi, 2020. "The Openness Hypothesis in the Context of Economic Development in Sub-Saharan Africa: The Moderating Role of Trade Dynamics on FDI," Working Papers 20/056, European Xtramile Centre of African Studies (EXCAS).
- Simplice A. Asongu & Joseph Nnanna & Paul N. Acha-Anyi, 2020. "The Openness Hypothesis in the Context of Economic Development in Sub-Saharan Africa: The Moderating Role of Trade Dynamics on FDI," Research Africa Network Working Papers 20/056, Research Africa Network (RAN).
- Simplice A. Asongu & Joseph Nnanna & Paul N. Acha-Anyi, 2020. "The Openness Hypothesis in the Context of Economic Development in Sub-Saharan Africa: The Moderating Role of Trade Dynamics on FDI," Working Papers of the African Governance and Development Institute. 20/056, African Governance and Development Institute..
- Rangan Gupta & Lardo Stander & Andrea Vaona, 2023.
"Openness and growth: Is the relationship non‐linear?,"
International Journal of Finance & Economics, John Wiley & Sons, Ltd., vol. 28(3), pages 3071-3099, July.
- Rangan Gupta & Lardo Stander & Andrea Vaona, 2017. "Openness and Growth: Is the Relationship Non-Linear?," Working Papers 201703, University of Pretoria, Department of Economics.
- Khoutem Ben Jedidia, 2015. "Trade openness-financial development nexus: Bounds testing approach and causality tests for Tunisia," Romanian Economic Journal, Department of International Business and Economics from the Academy of Economic Studies Bucharest, vol. 18(58), pages 27-50, December.
- Dosso, David, 2023. "Institutional Quality and Financial Development in Resource-Rich Countries: A Nonlinear Panel Data Approach," International Economics, Elsevier, vol. 174(C), pages 113-137.
- Asongu, Simplice A., 2014.
"A note on the long-run neutrality of monetary policy: new empirics,"
European Economic Letters, European Economics Letters Group, vol. 3(1), pages 1-6.
- Asongu, Simplice, 2013. "A note on the long-run neutrality of monetary policy: new empirics," MPRA Paper 56796, University Library of Munich, Germany.
- Asongu Simplice, 2013. "A note on the long-run neutrality of monetary policy: new empirics," Working Papers of the African Governance and Development Institute. 13/032, African Governance and Development Institute..
More about this item
Keywords
Trade Openness; Financial Openness; Financial Development; Panel; Africa;All these keywords.
JEL classification:
- G1 - Financial Economics - - General Financial Markets
- D6 - Microeconomics - - Welfare Economics
- G0 - Financial Economics - - General
NEP fields
This paper has been announced in the following NEP Reports:- NEP-AFR-2010-12-04 (Africa)
- NEP-INT-2010-12-04 (International Trade)
Statistics
Access and download statisticsCorrections
All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:pra:mprapa:26926. See general information about how to correct material in RePEc.
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Joachim Winter (email available below). General contact details of provider: https://edirc.repec.org/data/vfmunde.html .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.