Institutions, inward foreign direct investment, trade openness and credit level in emerging market economies
This study investigates the effects of institutional quality, inward FDI, trade openness, and their interaction on the domestic credit equilibrium in 33 emerging economies between 2002 and 2015. Through two system-GMM estimators, our study shows that inward FDIs have a booming effect on the domestic...
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| Format: | Article |
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Elsevier
2018
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| _version_ | 1796961371616706560 |
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| author | Nguyen, Canh Phuc Schinckus, Christophe Su, Thanh Dinh Chong, Felicia |
| author_facet | Nguyen, Canh Phuc Schinckus, Christophe Su, Thanh Dinh Chong, Felicia |
| author_sort | Nguyen, Canh Phuc |
| collection | UM |
| description | This study investigates the effects of institutional quality, inward FDI, trade openness, and their interaction on the domestic credit equilibrium in 33 emerging economies between 2002 and 2015. Through two system-GMM estimators, our study shows that inward FDIs have a booming effect on the domestic credit in emerging market economies while the trade openness exhibits a crowding-out effects. Institutions help moderating these effects of inward FDIs and trade openness on the domestic credit suggesting a particular policy. |
| first_indexed | 2024-03-06T05:53:15Z |
| format | Article |
| id | um.eprints-21132 |
| institution | Universiti Malaya |
| last_indexed | 2024-03-06T05:53:15Z |
| publishDate | 2018 |
| publisher | Elsevier |
| record_format | dspace |
| spelling | um.eprints-211322019-05-07T03:51:10Z http://eprints.um.edu.my/21132/ Institutions, inward foreign direct investment, trade openness and credit level in emerging market economies Nguyen, Canh Phuc Schinckus, Christophe Su, Thanh Dinh Chong, Felicia HF Commerce This study investigates the effects of institutional quality, inward FDI, trade openness, and their interaction on the domestic credit equilibrium in 33 emerging economies between 2002 and 2015. Through two system-GMM estimators, our study shows that inward FDIs have a booming effect on the domestic credit in emerging market economies while the trade openness exhibits a crowding-out effects. Institutions help moderating these effects of inward FDIs and trade openness on the domestic credit suggesting a particular policy. Elsevier 2018 Article PeerReviewed Nguyen, Canh Phuc and Schinckus, Christophe and Su, Thanh Dinh and Chong, Felicia (2018) Institutions, inward foreign direct investment, trade openness and credit level in emerging market economies. Review of Development Finance, 8 (2). pp. 75-88. ISSN 1879-9337, DOI https://doi.org/10.1016/j.rdf.2018.11.005 <https://doi.org/10.1016/j.rdf.2018.11.005>. https://doi.org/10.1016/j.rdf.2018.11.005 doi:10.1016/j.rdf.2018.11.005 |
| spellingShingle | HF Commerce Nguyen, Canh Phuc Schinckus, Christophe Su, Thanh Dinh Chong, Felicia Institutions, inward foreign direct investment, trade openness and credit level in emerging market economies |
| title | Institutions, inward foreign direct investment, trade openness and credit level in emerging market economies |
| title_full | Institutions, inward foreign direct investment, trade openness and credit level in emerging market economies |
| title_fullStr | Institutions, inward foreign direct investment, trade openness and credit level in emerging market economies |
| title_full_unstemmed | Institutions, inward foreign direct investment, trade openness and credit level in emerging market economies |
| title_short | Institutions, inward foreign direct investment, trade openness and credit level in emerging market economies |
| title_sort | institutions inward foreign direct investment trade openness and credit level in emerging market economies |
| topic | HF Commerce |
| work_keys_str_mv | AT nguyencanhphuc institutionsinwardforeigndirectinvestmenttradeopennessandcreditlevelinemergingmarketeconomies AT schinckuschristophe institutionsinwardforeigndirectinvestmenttradeopennessandcreditlevelinemergingmarketeconomies AT suthanhdinh institutionsinwardforeigndirectinvestmenttradeopennessandcreditlevelinemergingmarketeconomies AT chongfelicia institutionsinwardforeigndirectinvestmenttradeopennessandcreditlevelinemergingmarketeconomies |