Is openness necessary for growth? Evidence from a panel cointegration analysis

College

School of Economics

Department/Unit

Economics

Document Type

Archival Material/Manuscript

Publication Date

2018

Abstract

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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Disciplines

Economics

Note

Creation date supplied

Keywords

Asia—Commerce; Economic development—Asia; Asia—Economic conditions

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