scholarly journals THE EFFECTS OF ENVIRONMENTAL QUALITY, TRADE OPENNESS, AND ECONOMIC GROWTH ON FINANCIAL DEVELOPMENT IN ALGERIA: A DIKS AND PANCHENKO APPROACH.

2020 ◽  
Vol 7 (05) ◽  
Keyword(s):  
Economic Growth ◽  
Financial Development ◽  
Environmental Quality ◽  
Trade Openness

scholarly journals FINANCIAL DEVELOPMENT, ENVIRONMENTAL QUALITY, TRADE OPENNESS AND ECONOMIC GROWTH: EMPIRICAL STUDY IN MENA COUNTRIES

2021 ◽  
Vol 9 (09) ◽  
pp. 920-931
Author(s):  
Sawssen Nafti
Keyword(s):  
Economic Growth ◽  
Co2 Emissions ◽  
Financial Development ◽  
Environmental Degradation ◽  
Environmental Quality ◽  
Trade Openness ◽  
Causal Link ◽  
Kuznets Curve ◽  
Economic Policies ◽  
Mena Countries

In this paper, we empirically investigate the causal relationship between financial development, environmental degradation (CO2 emissions), trade openness and economic growth (GDP), using Panel data (the theory of cointegration Pedroni (1999,2004)) for 12 MENA countries ( Middle East and North Africa) during the period 1990- 2014.The long-term relationships estimated by the modified least squares technique proposed by Pedroni (1996). Our results indicate that there is evidence for a bidirectionel causality between CO2 emissions and economic growth. Economic growth and trade openness are interdependent, it exist a bidirectionel causality. Also, we confirm a bidirectional causality among trade openness and financial development. The unidirectional causality of financial development on economic growth and openness to CO2 emissions trading is identified. Our empirical results also verified the existence of the environmental Kuznets curve hypothesis by the causal link between GDP and environmental polution. Finally, panel causality verifies the existance of bidirectional relationship between economic growth(GDP), environmental degradation(CO2 emissions), financial development and trade openness. This empirical knowledge is of particular interest to policy makers as it helps us create sound economic policies to support economic development and improve environmental quality.

scholarly journals Financial Development, Environmental Quality and Economic Growth

2015 ◽  
Vol 7 (7) ◽  
pp. 9395-9416 ◽  
Author(s):  
Shushu Li ◽  
Jinglan Zhang ◽  
Yong Ma
Keyword(s):  
Economic Growth ◽  
Financial Development ◽  
Environmental Quality

scholarly journals PENGARUH FINANCIAL DEVELOPMENT TERHADAP PERTUMBUHAN EKONOMI DI INDO

2020 ◽  
Vol 2 (1) ◽  
pp. 75
Author(s):  
Nia Putri Kunanti ◽  
Melti Roza Adry
Keyword(s):  
Economic Growth ◽  
Money Supply ◽  
Financial Development ◽  
Linear Regression Analysis ◽  
Trade Openness ◽  
Control Variable ◽  
Secondary Data ◽  
Negative Effect ◽  
Private Credit ◽  
Positive Effect

This study aims to determine how the influence of financial development on economic growth in Indonesia. Financial development indicators are M2 money supply, bank assets, private credit and trade openness. Where inflation and trade openness as a control variable and economic growth as the dependent variable. The data used in this study are secondary data from 2005 quarter 1 to 2018 quarter 4 which were collected through documentation and related agencies. This study uses multiple linear regression analysis and error correction models. The results of this study indicate that: (1) the money supply M2 has a negative effect on economic growth in Indonesia; (2) Bank assets have a negative effect on economic growth in Indonesia; (3) Private credit has a positive effect on economic growth in Indonesia; (4)) trade openness has a positive effect on economic growth in Indonesia.

scholarly journals The Impact of Industrialization, Trade Openness, Financial Development, and Energy Consumption on Economic Growth in Indonesia

Economies ◽  
2021 ◽  
Vol 9 (4) ◽  
pp. 174
Author(s):  
Khalid Eltayeb Elfaki ◽  
Rossanto Dwi Handoyo ◽  
Kabiru Hannafi Ibrahim
Keyword(s):  
Economic Growth ◽  
Energy Consumption ◽  
Least Squares ◽  
Financial Development ◽  
Correction Term ◽  
Trade Openness ◽  
Ordinary Least Squares ◽  
Distributed Lag ◽  
Long Run ◽  
The Impact

This study aimed to scrutinize the impact of financial development, energy consumption, industrialization, and trade openness on economic growth in Indonesia over the period 1984–2018. To do so, the study employed the autoregressive distributed lag (ARDL) model to estimate the long-run and short-run nexus among the variables. Furthermore, fully modified ordinary least squares (FMOLS), dynamic least squares (DOLS), and canonical cointegrating regression (CCR) were used for a more robust examination of the empirical findings. The result of cointegration confirms the presence of cointegration among the variables. Findings from the ARDL indicate that industrialization, energy consumption, and financial development (measured by domestic credit) positively influence economic growth in the long run. However, financial development (measured by money supply) and trade openness demonstrate a negative effect on economic growth. The positive nexus among industrialization, financial development, energy consumption, and economic growth explains that these variables were stimulating growth in Indonesia. The error correction term indicates a 68% annual adjustment from any deviation in the previous period’s long-run equilibrium economic growth. These findings provide a strong testimony that industrialization and financial development are key to sustained long-run economic growth in Indonesia.

scholarly journals The Dynamics of Foreign Direct Investment in BRICS Countries

2017 ◽  
Vol 9 (3(J)) ◽  
pp. 101-112
Author(s):  
Kunofiwa Tsaurai
Keyword(s):  
Economic Growth ◽  
Human Capital ◽  
Foreign Direct Investment ◽  
Financial Development ◽  
Direct Investment ◽  
Fixed Effects ◽  
Trade Openness ◽  
Human Capital Development ◽  
Brics Countries ◽  
Capital Development

Recent studies which investigated the determinants of foreign direct investment (FDI) in BRICS include Hsin-Hong and Shou-Ronne (2012), Nandi (2012), Jadhav (2012), Darzini and Amirmojahedi (2013), Nischith (2013), Ho et al. (2013), Kaur et al. (2013) and Priya and Archana (2014). The findings from these studies shows lack of consensus and confirm that a list of agreeable determinants of FDI in BRICS countries is still an unsettled matter. This paper was therefore initiated in order to contribute to the debate on the discourse on FDI determinants in BRICS countries.This paper deviates from earlier similar studies in five ways: (1) uses most recent data, (2) is the first to investigate whether a combination of financial development, trade openness, human capital, economic growth and inflation influence FDI in BRICS countries, (3) uses different proxies of the variables that affect FDI, (4) employed both fixed effects and pooled ordinary least squares (OLS) approaches and (5) used a stacked data approach.The results of the study showed that economic growth, trade openness and exchange rate stability positively impacted on FDI, financial development positively influenced FDI under fixed effects, FDI was positively influenced by human capital development using the pooled OLS and inflation negatively affected FDI in line with literature. Taking into account these findings, this study urges BRICS to implement policies that increase financial sector efficiency and economic growth, maintain stable exchange rates, keep inflation rates at lower levels, enhance trade openness and human capital development in order to increase FDI inflows.

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