The relationship between trade openness, financial development and economic growth: Evidence from Generalized method of moments

Journal of Environmental Science and Economics Pub Date : 2022-02-20 DOI:10.56556/jescae.v1i1.15

Robeena, Sumaira

引用次数: 9

Abstract

This study examines the effect of trade openness and financial development on economic growth four South Asian countries for the period of 1980-2017 using static and dynamic models. The results indicates that stock market development positively effect economic growth. The results validate that all three proxies of stock market perform a significant and positive role in augmenting economic growth in the sample countries. Trade openness, inflation and real interest rate significantly reduce economic growth while saving rise economic growth. The findings of this study have important policy implication for the sample countries regarding rising stock market in order to strengthen economic growth.

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贸易开放、金融发展与经济增长的关系:来自广义矩量方法的证据

本研究采用静态和动态模型考察了1980-2017年期间贸易开放和金融发展对四个南亚国家经济增长的影响。结果表明，股票市场的发展对经济增长具有正向影响。结果验证了股票市场的三个代理对样本国家的经济增长都有显著的积极作用。贸易开放、通货膨胀和实际利率显著降低经济增长，而储蓄显著提高经济增长。本文的研究结果对样本国家提高股市以促进经济增长具有重要的政策意义。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

Journal of Environmental Science and Economics Environmental Economics-

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期刊介绍： Journal of environmental science and economics (JESCAE), ISSN: 2832-6032 is an open access peer-reviewed journal that considers articles and reviews articles on all aspects of environmental economics. Aim and Scope Journal of Environmental Science and Economics is an international scholarly refereed research journal that aims to promote the theory and practice of environmental economics, Sustainability research, technological innovation, and economics. A broad outline of the journal''s scope includes; peer-reviewed original research articles, case, and technical reports, reviews and analyses papers, short communications and notes to the editor, in interdisciplinary information on the practice and status of research in environmental science, sustainability, technological innovations, and economics. The main aspects of research areas include, but are not limited to; Environmental pollution control and abatement technology, Sustainable and economic Development, sustainable consumption and Sustainability, Environmental and sustainability assessment, transport and fate of pollutants in the environment, concentrations and dispersion of wastes in air, water, and non-point sources pollution, atmospheric pollutants and trace gases, environmental impact assessment, industrial ecology, ecological and human risk assessment; improved energy management and auditing efficiency and environmental standards and criteria.