{"title":"新兴市场经济体的制度、外来直接投资、贸易开放程度和信贷水平","authors":"Canh Phuc Nguyen , Christophe Schinckus , Thanh Dinh Su , Felicia Chong","doi":"10.1016/j.rdf.2018.11.005","DOIUrl":null,"url":null,"abstract":"<div><p>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.</p></div>","PeriodicalId":39052,"journal":{"name":"Review of Development Finance","volume":"8 2","pages":"Pages 75-88"},"PeriodicalIF":0.7000,"publicationDate":"2018-12-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1016/j.rdf.2018.11.005","citationCount":"51","resultStr":"{\"title\":\"Institutions, inward foreign direct investment, trade openness and credit level in emerging market economies\",\"authors\":\"Canh Phuc Nguyen , Christophe Schinckus , Thanh Dinh Su , Felicia Chong\",\"doi\":\"10.1016/j.rdf.2018.11.005\",\"DOIUrl\":null,\"url\":null,\"abstract\":\"<div><p>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.</p></div>\",\"PeriodicalId\":39052,\"journal\":{\"name\":\"Review of Development Finance\",\"volume\":\"8 2\",\"pages\":\"Pages 75-88\"},\"PeriodicalIF\":0.7000,\"publicationDate\":\"2018-12-01\",\"publicationTypes\":\"Journal Article\",\"fieldsOfStudy\":null,\"isOpenAccess\":false,\"openAccessPdf\":\"https://sci-hub-pdf.com/10.1016/j.rdf.2018.11.005\",\"citationCount\":\"51\",\"resultStr\":null,\"platform\":\"Semanticscholar\",\"paperid\":null,\"PeriodicalName\":\"Review of Development Finance\",\"FirstCategoryId\":\"1085\",\"ListUrlMain\":\"https://www.sciencedirect.com/science/article/pii/S1879933718302112\",\"RegionNum\":0,\"RegionCategory\":null,\"ArticlePicture\":[],\"TitleCN\":null,\"AbstractTextCN\":null,\"PMCID\":null,\"EPubDate\":\"\",\"PubModel\":\"\",\"JCR\":\"Q4\",\"JCRName\":\"BUSINESS, FINANCE\",\"Score\":null,\"Total\":0}","platform":"Semanticscholar","paperid":null,"PeriodicalName":"Review of Development Finance","FirstCategoryId":"1085","ListUrlMain":"https://www.sciencedirect.com/science/article/pii/S1879933718302112","RegionNum":0,"RegionCategory":null,"ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q4","JCRName":"BUSINESS, FINANCE","Score":null,"Total":0}
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 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.
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