Citation
Law, Siong Hook
(2008)
Does a country's openness to trade and capital accounts lead to financial development? evidence from Malaysia.
Asian Economic Journal, 22 (2).
pp. 161-177.
ISSN 1351-3958
Abstract
This paper examines the role of trade openness and capital account openness in influencing financial development in Malaysia. The empirical findings using the bounds testing approach demonstrate that trade openness and capital account openness are positively significant determinants of financial development. However, there is no empirical support of the hypothesis that the simultaneous opening of both trade and capital accounts is necessary for financial development to take place. The evidence is valid for three banking sector development and two stock market development indicators.
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Official URL or Download Paper: https://onlinelibrary.wiley.com/doi/abs/10.1111/j....
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Additional Metadata
| Item Type: | Article |
|---|---|
| Divisions: | Faculty of Economics and Management |
| DOI Number: | https://doi.org/10.1111/j.1467-8381.2008.00273.x |
| Publisher: | East Asian Economic Association and Blackwell Publishing |
| Keywords: | Bounds test; Financial development; Financial openness; Trade openness |
| Depositing User: | Nabilah Mustapa |
| Date Deposited: | 04 Sep 2018 08:11 |
| Last Modified: | 04 Sep 2018 08:11 |
| Altmetrics: | http://www.altmetric.com/details.php?domain=psasir.upm.edu.my&doi=10.1111/j.1467-8381.2008.00273.x |
| URI: | http://psasir.upm.edu.my/id/eprint/14125 |
| Statistic Details: | View Download Statistic |
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