Does a country's openness to trade and capital accounts lead to financial development? evidence from Malaysia
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 dev...
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| Format: | Article |
| Language: | English |
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East Asian Economic Association and Blackwell Publishing
2008
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| Online Access: | http://psasir.upm.edu.my/id/eprint/14125/1/Does%20a%20country%27s%20openness%20to%20trade%20and%20capital%20accounts%20lead%20to%20financial%20development%20evidence%20from%20Malaysia.pdf |
| _version_ | 1825945368712445952 |
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| author | Law, Siong Hook |
| author_facet | Law, Siong Hook |
| author_sort | Law, Siong Hook |
| collection | UPM |
| description | 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. |
| first_indexed | 2024-03-06T07:30:24Z |
| format | Article |
| id | upm.eprints-14125 |
| institution | Universiti Putra Malaysia |
| language | English |
| last_indexed | 2024-03-06T07:30:24Z |
| publishDate | 2008 |
| publisher | East Asian Economic Association and Blackwell Publishing |
| record_format | dspace |
| spelling | upm.eprints-141252018-09-04T08:11:42Z http://psasir.upm.edu.my/id/eprint/14125/ Does a country's openness to trade and capital accounts lead to financial development? evidence from Malaysia Law, Siong Hook 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. East Asian Economic Association and Blackwell Publishing 2008 Article PeerReviewed text en http://psasir.upm.edu.my/id/eprint/14125/1/Does%20a%20country%27s%20openness%20to%20trade%20and%20capital%20accounts%20lead%20to%20financial%20development%20evidence%20from%20Malaysia.pdf 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 https://onlinelibrary.wiley.com/doi/abs/10.1111/j.1467-8381.2008.00273.x 10.1111/j.1467-8381.2008.00273.x |
| spellingShingle | Law, Siong Hook Does a country's openness to trade and capital accounts lead to financial development? evidence from Malaysia |
| title | Does a country's openness to trade and capital accounts lead to financial development? evidence from Malaysia |
| title_full | Does a country's openness to trade and capital accounts lead to financial development? evidence from Malaysia |
| title_fullStr | Does a country's openness to trade and capital accounts lead to financial development? evidence from Malaysia |
| title_full_unstemmed | Does a country's openness to trade and capital accounts lead to financial development? evidence from Malaysia |
| title_short | Does a country's openness to trade and capital accounts lead to financial development? evidence from Malaysia |
| title_sort | does a country s openness to trade and capital accounts lead to financial development evidence from malaysia |
| url | http://psasir.upm.edu.my/id/eprint/14125/1/Does%20a%20country%27s%20openness%20to%20trade%20and%20capital%20accounts%20lead%20to%20financial%20development%20evidence%20from%20Malaysia.pdf |
| work_keys_str_mv | AT lawsionghook doesacountrysopennesstotradeandcapitalaccountsleadtofinancialdevelopmentevidencefrommalaysia |