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DC Field | Value | Language |
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dc.contributor.author | Caporale, GM | - |
dc.contributor.author | Sova, AD | - |
dc.contributor.author | Sova, R | - |
dc.date.accessioned | 2022-03-11T13:09:33Z | - |
dc.date.available | 2022-03-11T13:09:33Z | - |
dc.date.issued | 2022-03-16 | - |
dc.identifier | ORCID iD: Guglielmo Maria Caporale https://orcid.org/0000-0002-0144-4135 | - |
dc.identifier | ORCID iD: Anamaria Diana Sova https://orcid.org/0000-0003-3410-6543 | - |
dc.identifier | 101550 | - |
dc.identifier.citation | Caporale, G.M., Sova, A.D. and Sova, R. (2022) 'The direct and indirect effects of financial development on international trade: evidence from the CEEC-6', Journal of International Financial Markets, Institutions and Money, 78, 101550, pp. 1 - 16. doi: 10.1016/j.intfin.2022.101550. | en_US |
dc.identifier.issn | 1042-4431 | - |
dc.identifier.uri | https://bura.brunel.ac.uk/handle/2438/24228 | - |
dc.description | JEL Classification: E61; F13; F15; C25. | - |
dc.description.abstract | This paper analyses the relationship between financial development and international trade in six EU members from Central and Eastern Europe (CEEC-6) using dynamic panel data approaches, specifically the system Generalized Method of Moments (GMM) and pooled mean group (PMG) estimators. The empirical results indicate that financial development affects trade flows and the structure of international trade in the long run; more precisely, it has a positive long-run impact on exports and trade openness. Further, there are indirect long-run effects through the interaction terms between financial development and sectoral value added; these are more pronounced for manufacturing than for agriculture. On the whole, our analysis suggests that the CEEC-6 could benefit in terms of trade from further developing their financial systems. | - |
dc.format.extent | 1 - 16 | - |
dc.format.medium | Print-Electronic | - |
dc.language.iso | en_US | en_US |
dc.rights | Copyright © 2022 The Author(s). Published by Elsevier B.V. This is an open access article under the Creative Commons CC BY license (https://creativecommons.org/licenses/by/4.0/), | - |
dc.rights.uri | https://creativecommons.org/licenses/by/4.0/ | - |
dc.subject | financial development | en_US |
dc.subject | international trade | en_US |
dc.subject | CEEC-6 | en_US |
dc.subject | system GMM estimator | en_US |
dc.subject | PMG estimator | en_US |
dc.title | The direct and indirect effects of financial development on international trade: evidence from the CEEC-6 | en_US |
dc.type | Article | en_US |
dc.identifier.doi | https://doi.org/10.1016/j.intfin.2022.101550 | - |
dc.relation.isPartOf | Journal of International Financial Markets, Institutions and Money | - |
pubs.publication-status | Published | - |
pubs.volume | 78 | - |
dc.identifier.eissn | 1873-0612 | - |
Appears in Collections: | Dept of Economics and Finance Research Papers |
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FullText.pdf | Copyright © 2022 The Author(s). Published by Elsevier B.V. This is an open access article under the Creative Commons CC BY license (https://creativecommons.org/licenses/by/4.0/), | 1.26 MB | Adobe PDF | View/Open |
This item is licensed under a Creative Commons License