Is openness necessary for growth? Evidence from a panel cointegration analysis
This paper investigates the relationship of trade openness, financial openness and economic growth. The dataset used in this paper is a panel dataset of 6 Asian countries and time span of 1982-2015. To then verify this relationship, we use 3 panel cointegration techniques and a Panel Granger Causali...
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| Main Authors: | , , |
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| Format: | text |
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Animo Repository
2018
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| Subjects: | |
| Online Access: | https://animorepository.dlsu.edu.ph/faculty_research/11034 |
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| Institution: | De La Salle University |
| Summary: | This paper investigates the relationship of trade openness, financial openness and economic growth. The dataset used in this paper is a panel dataset of 6 Asian countries and time span of 1982-2015. To then verify this relationship, we use 3 panel cointegration techniques and a Panel Granger Causality Test. These techniques include the Pedroni Cointegration Test, Kao Cointegration Test, and Westerlund Cointegration Test. The results showed an existence of a long run equilibrium relationship between trade openness, financial openness, and economic growth. |
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