Search results for "Trade openness"
showing 4 items of 4 documents
Trade, financial openness and dual banking economies: Evidence from GCC Region
2021
Abstract The recent wave of liberalization in Gulf Cooperation Council (GCC) countries has opened up a debate on the role of Islamic finance in the financial development of an economy. Using a comprehensive dataset of 43 Islamic and 49 conventional banks for the period 2007–2015, in this paper, we investigate the impact of trade and financial openness on financial development in the GCC region. We find that trade and financial openness have a positive effect on the profitability of both banking systems, while the interaction term of openness is negative for the profitability of Islamic banks. Moreover, trade and financial openness affect Islamic banks differently than conventional banks. No…
Tirdzniecības atvērtības ietekme uz ekonomikas izaugsmi, CAE valstu empīriskais pētījums
2021
Darba mērķis ir izpētīt tirdzniecības atvērtības ietekmi uz ekonomikas izaugsmi, izmantojot 16 Centrālās un Austrumeiropas valstu paneļa datus 2010. – 2019. gadā, salīdzinot 4 dažādus tirdzniecības atvērtības rādītājus. Apvienotie OLS un fiksētie efekti tiek izmantoti kā primārie novērtētāji, un noturības analīzei tiek izmantots sistēmas GMM tests. Apkopoto OLS un fiksēto šķērsgriezumu regresiju iegūtie rezultāti parāda, ka dažādos tirdzniecības atvērtības mērījumos tirdzniecības atvērtība pozitīvi un ļoti nozīmīgi ietekmē ekonomikas izaugsmi. GMM sistēmas testi parāda tirdzniecības atvērtības negatīvo ietekmi uz ekonomikas izaugsmi, bet nozīmīgumu ieguva tikai divi atvērtības rādītāji.
Tax Design in the OECD: A Test of the Hines-Summers Hypothesis
2011
This paper investigates the effects of economic size and trade openness on tax design in the OECD. Using data for 30 OECD countries over the 1965–2007 period, we test the recently proposed Hines-Summers [2009] Hypothesis, according to which the smaller the size and the greater the openness of the economy, the more it will rely on expenditure taxes and the less on income taxes. Our findings show that the Hines-Summers Hypothesis can claim broad, statistically significant, and robust empirical support in the OECD data sets we examined.
Trade Openness and Income: A Tale of Two Regions
2015
In this article we present evidence of the long-run effect of trade openness on income per worker for two regions that have followed different liberalization strategies, namely Asia and Latin America. A model that re-examines these questions is estimated for two panels of Asian and Latin American countries over the 1980-2008 period using a novel empirical approach that accounts for endogeneity as well as for the time series properties of the variables involved. From an econometric point of view, we apply recent panel cointegration techniques based on factor models that account for two additional elements usually neglected in previous empirical literature: cross-dependence and structural bre…