Vai trò của thể chế trong mối quan hệ giữa hội nhập tài chính quốc tế, hội nhập thương mại quốc tế và tăng trưởng kinh tế
DOI:
https://doi.org/10.24311/jabes/2017.28.4.720Keywords:
Economic growth, Institution, Financial Integration, Trade integrationAbstract
This paper investigates the relationships among financial integration, trade integration, and economic growth in addition to examining the role ofinstitution factors in these relationships. We use a dataset of 19 countries, most of which are members of AEC and APEC for the period from 2005 to 2014. Employing panel data regression techniques, we report positive correlations among financial integration, trade integration, and economic growth. In contrast, the institution factors, such as rule of law and control of corruption, have no direct impacts on economic growth. Our findings suggest that financial integration and trade integration have stronger positive effects on economic growth in the countries with better institution factors
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