TheEffectsofFinancialDevelopmentonTradeOpenness:Evidence from Panel Threshold Regression Models
Yıl: 2021 Cilt: 6 Sayı: 1 Sayfa Aralığı: 53 - 68 Metin Dili: İngilizce DOI: 10.25229/beta.887369 İndeks Tarihi: 29-07-2022
TheEffectsofFinancialDevelopmentonTradeOpenness:Evidence from Panel Threshold Regression Models
Öz: Thispaperattemptstore-examinethefinance-tradenexusandtestswhetherhigherlevels of financial development can reduce trade openness. Using static and dynamic panel threshold regression techniques based on 64 countries over the period of 1970-2014, this study shows that financial development fosters trade openness until a certain levelofthresholdisachievedandbeyondthatthresholdlevel,furtherincreasesinfinancialdevelopmentleadtodeclineintradeopenness.Theresultsofthisstudysuggest that there is a need for developing alternative and new trade financing channels to increase trade openness as well as it provides a strong empirical support for trade-limiting effects of financial development. Hence, this study is possibly encouraging for policy makers to redesign trade enhancing policies.
Anahtar Kelime: Finansal Gelişmişliğin Ticari Açıklık Üzerindeki Etkisi: Panel Eşik Değer Regresyon Modellerinden Kanıtlar
Öz: Buçalışmanınamacıfinans-ticaretilişkisiniyenidenincelemekvefinansal gelişmişliğin ticari açıklık üzerinde azaltıcı etkilerinin olup olmadığını test etmektedir. Çalışmada 64 ülkeye ait 1970-2014 dönemini kapsayan verilerle ve statik ve dinamik panel eşik değer regresyon teknikleri kullanılarak elde edilen sonuçlara göre finansal gelişmişlik ticarete açıklığı belirli bir eşik düzeye kadar artırmakta birlikte bu eşik değerinaşılmasıylafinansalgelişmişliktekiiyileşmelerticariaçıklığındüşmesine neden olmaktadır. Çalışmanın sonuçları finansal gelişmişliğin ticaret azaltıcı etkilerine yönelik olarak güçlü ampirik kanıtlar sunmakla birlikte ticari açıklığı artırıcı yeni ve alternatifyollarıngeliştirilmesigerekliliğiniortayakoymaktadır.Dolayısıylabu çalışmapolitikayapıcılarınticaretigenişletmeyeyönelikpolitikalarıyeniden tasarlanması için teşvik edicidir.
Anahtar Kelime: Belge Türü: Makale Makale Türü: Araştırma Makalesi Erişim Türü: Erişime Açık
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| APA | KURUL Z (2021). TheEffectsofFinancialDevelopmentonTradeOpenness:Evidence from Panel Threshold Regression Models. , 53 - 68. 10.25229/beta.887369 |
| Chicago | KURUL ZÜHAL TheEffectsofFinancialDevelopmentonTradeOpenness:Evidence from Panel Threshold Regression Models. (2021): 53 - 68. 10.25229/beta.887369 |
| MLA | KURUL ZÜHAL TheEffectsofFinancialDevelopmentonTradeOpenness:Evidence from Panel Threshold Regression Models. , 2021, ss.53 - 68. 10.25229/beta.887369 |
| AMA | KURUL Z TheEffectsofFinancialDevelopmentonTradeOpenness:Evidence from Panel Threshold Regression Models. . 2021; 53 - 68. 10.25229/beta.887369 |
| Vancouver | KURUL Z TheEffectsofFinancialDevelopmentonTradeOpenness:Evidence from Panel Threshold Regression Models. . 2021; 53 - 68. 10.25229/beta.887369 |
| IEEE | KURUL Z "TheEffectsofFinancialDevelopmentonTradeOpenness:Evidence from Panel Threshold Regression Models." , ss.53 - 68, 2021. 10.25229/beta.887369 |
| ISNAD | KURUL, ZÜHAL. "TheEffectsofFinancialDevelopmentonTradeOpenness:Evidence from Panel Threshold Regression Models". (2021), 53-68. https://doi.org/10.25229/beta.887369 |
| APA | KURUL Z (2021). TheEffectsofFinancialDevelopmentonTradeOpenness:Evidence from Panel Threshold Regression Models. Bulletin of economic theory and analysis (Online), 6(1), 53 - 68. 10.25229/beta.887369 |
| Chicago | KURUL ZÜHAL TheEffectsofFinancialDevelopmentonTradeOpenness:Evidence from Panel Threshold Regression Models. Bulletin of economic theory and analysis (Online) 6, no.1 (2021): 53 - 68. 10.25229/beta.887369 |
| MLA | KURUL ZÜHAL TheEffectsofFinancialDevelopmentonTradeOpenness:Evidence from Panel Threshold Regression Models. Bulletin of economic theory and analysis (Online), vol.6, no.1, 2021, ss.53 - 68. 10.25229/beta.887369 |
| AMA | KURUL Z TheEffectsofFinancialDevelopmentonTradeOpenness:Evidence from Panel Threshold Regression Models. Bulletin of economic theory and analysis (Online). 2021; 6(1): 53 - 68. 10.25229/beta.887369 |
| Vancouver | KURUL Z TheEffectsofFinancialDevelopmentonTradeOpenness:Evidence from Panel Threshold Regression Models. Bulletin of economic theory and analysis (Online). 2021; 6(1): 53 - 68. 10.25229/beta.887369 |
| IEEE | KURUL Z "TheEffectsofFinancialDevelopmentonTradeOpenness:Evidence from Panel Threshold Regression Models." Bulletin of economic theory and analysis (Online), 6, ss.53 - 68, 2021. 10.25229/beta.887369 |
| ISNAD | KURUL, ZÜHAL. "TheEffectsofFinancialDevelopmentonTradeOpenness:Evidence from Panel Threshold Regression Models". Bulletin of economic theory and analysis (Online) 6/1 (2021), 53-68. https://doi.org/10.25229/beta.887369 |
