{"title":"The relationship between trade openness, financial development and economic growth: Evidence from Generalized method of moments","authors":"Robeena, Sumaira","doi":"10.56556/jescae.v1i1.15","DOIUrl":null,"url":null,"abstract":"This study examines the effect of trade openness and financial development on economic growth four South Asian countries for the period of 1980-2017 using static and dynamic models. The results indicates that stock market development positively effect economic growth. The results validate that all three proxies of stock market perform a significant and positive role in augmenting economic growth in the sample countries. Trade openness, inflation and real interest rate significantly reduce economic growth while saving rise economic growth. The findings of this study have important policy implication for the sample countries regarding rising stock market in order to strengthen economic growth.","PeriodicalId":53187,"journal":{"name":"Journal of Environmental Science and Economics","volume":"20 1","pages":""},"PeriodicalIF":0.0000,"publicationDate":"2022-02-20","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"9","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"Journal of Environmental Science and Economics","FirstCategoryId":"1085","ListUrlMain":"https://doi.org/10.56556/jescae.v1i1.15","RegionNum":0,"RegionCategory":null,"ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"","JCRName":"","Score":null,"Total":0}
引用次数: 9
Abstract
This study examines the effect of trade openness and financial development on economic growth four South Asian countries for the period of 1980-2017 using static and dynamic models. The results indicates that stock market development positively effect economic growth. The results validate that all three proxies of stock market perform a significant and positive role in augmenting economic growth in the sample countries. Trade openness, inflation and real interest rate significantly reduce economic growth while saving rise economic growth. The findings of this study have important policy implication for the sample countries regarding rising stock market in order to strengthen economic growth.
期刊介绍：
Journal of environmental science and economics (JESCAE), ISSN: 2832-6032 is an open access peer-reviewed journal that considers articles and reviews articles on all aspects of environmental economics.
Aim and Scope
Journal of Environmental Science and Economics is an international scholarly refereed research journal that aims to promote the theory and practice of environmental economics, Sustainability research, technological innovation, and economics. A broad outline of the journal''s scope includes; peer-reviewed original research articles, case, and technical reports, reviews and analyses papers, short communications and notes to the editor, in interdisciplinary information on the practice and status of research in environmental science, sustainability, technological innovations, and economics.
The main aspects of research areas include, but are not limited to; Environmental pollution control and abatement technology, Sustainable and economic Development, sustainable consumption and Sustainability, Environmental and sustainability assessment, transport and fate of pollutants in the environment, concentrations and dispersion of wastes in air, water, and non-point sources pollution, atmospheric pollutants and trace gases, environmental impact assessment, industrial ecology, ecological and human risk assessment; improved energy management and auditing efficiency and environmental standards and criteria.
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