The Nexus between Economic Liberalisation and Economic Growth:Empirical Evidence from ASEAN,China, and India
The main objective of this paper is to examine the impact of economic liberalisation on economic growth. This paper also explores the relationship between trade and financial liberalisation. The analysis focuses on all ASEAN countries as well as China and India. Using the Generalised Method of Mo...
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| Main Authors: | , |
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| Format: | Article |
| Language: | English |
| Published: |
Universiti Malaysia Kelantan
2015
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| Subjects: | |
| Online Access: | http://ir.unimas.my/id/eprint/17943/1/Selvarajan.pdf http://ir.unimas.my/id/eprint/17943/ http://fkp.umk.edu.my/journal/index.html |
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| Institution: | Universiti Malaysia Sarawak |
| Language: | English |
| Summary: | The main objective of this paper is to examine the impact of economic liberalisation on
economic growth. This paper also explores the relationship between trade and financial
liberalisation. The analysis focuses on all ASEAN countries as well as China and India. Using the
Generalised Method of Moment (GMM) dynamic panel data analysis, this paper finds that economic
liberalisation is significantly related to economic growth in ASEAN6 and CLMV. For ASEAN,
China, and India as a whole, trade openness has no significant impact on economic growth.
However, a strong financial growth nexus exists. In ASEAN6 and CLMV, the results indicate that
economic liberalisation leads to economic growth. |
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