Financial development, trade openness, and economic growth in central Asian countries

Vaighan, Behzad Mahmoudi and Kazemi, Morteza and Nezakati, Hossein * and Nia, Atefah Haghighi (2010) Financial development, trade openness, and economic growth in central Asian countries. In: GSM-FEP-AGBA Conference 2010-7th Annual AGBA World Congress, 1-3 December 2010, Palm Garden, Putrajaya, Malaysia.

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There is a strong debate on the subject of whether financial development led economic growth. The studies that investigated the role of financial development on economic growth consider to different proxies for the variable of financial development and various scopes. Recently, availability of new data set causes an interest subject to study the role of financial development in selected Central Asian countries. Accordingly, this study investigates the relationship among financial development, trade openness and economic growth for seven developing countries in the Central Asian countries over 1993- 2008. Using panel data methods we find a positive and significant bilateral relationship between financial development and economic growth, however the relationship between trade openness and growth does not consist with related theories.

Item Type: Conference or Workshop Item (Paper)
Uncontrolled Keywords: financial development; trade openness; economic growth; Central Asian countries; panel data fixed effect method
Subjects: H Social Sciences > HG Finance
Divisions: Others > Non Sunway Academics
Sunway University > Sunway University Business School > Dept. Marketing
Depositing User: Ms Yong Yee Chan
Related URLs:
Date Deposited: 28 Apr 2022 09:06
Last Modified: 28 Apr 2022 09:06

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