The Nexus between Economic Liberalisation and Economic Growth:Empirical Evidence from ASEAN,China, and India

Selvarajan, Sonia Kumari and Rossazana, Ab. Rahim (2015) The Nexus between Economic Liberalisation and Economic Growth:Empirical Evidence from ASEAN,China, and India. Journal of Entrepreneurship and Business, 3 (2). pp. 1-12. ISSN 2289-8298

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Abstract

The main objective of this paper is to examine the impact of economic liberalisation on economic growth. This paper also explores the relationship between trade and financial liberalisation. The analysis focuses on all ASEAN countries as well as China and India. Using the Generalised Method of Moment (GMM) dynamic panel data analysis, this paper finds that economic liberalisation is significantly related to economic growth in ASEAN6 and CLMV. For ASEAN, China, and India as a whole, trade openness has no significant impact on economic growth. However, a strong financial growth nexus exists. In ASEAN6 and CLMV, the results indicate that economic liberalisation leads to economic growth.

Item Type: E-Article
Uncontrolled Keywords: Liberalisation; Economic Growth; Dynamic Panel Data; ASEAN, research, Universiti Malaysia Sarawak, unimas, university, universiti, Borneo, Malaysia, Sarawak, Kuching, Samarahan, ipta, education
Subjects: H Social Sciences > H Social Sciences (General)
Divisions: Academic Faculties, Institutes and Centres > Faculty of Economics and Business
Depositing User: ROSSAZANA AB RAHIM
Date Deposited: 04 Oct 2017 07:18
Last Modified: 04 Oct 2017 07:18
URI: http://ir.unimas.my/id/eprint/17943

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