Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/179655 
Year of Publication: 
2017
Citation: 
[Journal:] EconomiA [ISSN:] 1517-7580 [Volume:] 18 [Issue:] 3 [Publisher:] Elsevier [Place:] Amsterdam [Year:] 2017 [Pages:] 359-379
Publisher: 
Elsevier, Amsterdam
Abstract: 
This paper investigated the linkages between banking sector depth, trade openness, and economic growth using a panel data set covering the ASEAN regional forum countries for the period 1961–2012. Using our multivariate framework, we first found that all the variables were integrated of order one and were cointegrated. Our panel-data estimation procedures offered more robust estimates than previous studies by utilizing variations between countries as well as variations over time. The results of this study indicated a general long-run equilibrium relationship among trade openness, banking sector depth and economic growth as well as a short-run relationship between these variables. Policy recommendations include those that will promote greater banking sector development as well as increased trade openness.
Subjects: 
Trade openness
Banking sector depth
Economic growth
Granger causality
ASEAN regional forum countries
Persistent Identifier of the first edition: 
Creative Commons License: 
cc-by-nc-nd Logo
Document Type: 
Article

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