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:: Volume 1, Issue 4 (7-2011) ::
2011, 1(4): 39-60 Back to browse issues page
The Effect of Financial and Trade Openness on Financial Development: Evidence from Iran and its trade Partners (1996-2009)
Seyed Komai Tayebi Dr , Marzieh Haji Karami, Homa Sariri
Abstract:   (26224 Views)
The optimal performance of economical system in every society depends on having two powerful and efficient financial systems. The simultaneous activity of these two departments is a must for the economy system. The present study aims to investigate the financial liberalization, financial openness, trade openness, and their effect on financial development as an important issue in economical policies. Therefore, it is hypothesized that financial liberalization and trade improvement pave the way for Iran financial development together with its partners. Consequently, the effect of financial openness and trade openness on the financial development of these countries was analyzed.. The economy evaluation pattern of financial development was used in line with Baltagi et.al (2007) the dynanic panel technique was used based on generalized method of moments (GMM).The findings of the study indicated that trade openness significantly affected financial development. Also, the effect of financial openness revealed that the more the domestic credit of the banking and private sector is, the more significantly the financial development will be.
Keywords: financial Development, Financial Openness, Trade Openness, Financial Liberalization, Panel Data
Full-Text [DOCX 120 kb]   (24361 Downloads)    
Type of Study: Research | Subject: اقتصاد بین الملل
Received: 2012/05/12 | Accepted: 2014/10/8 | Published: 2014/10/8
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Tayebi S K, Haji Karami M, Sariri H. The Effect of Financial and Trade Openness on Financial Development: Evidence from Iran and its trade Partners (1996-2009). Economic Development Research. 2011; 1 (4) :39-60
URL: http://jrer.ir/article-1-89-en.html


Volume 1, Issue 4 (7-2011) Back to browse issues page
فصلنامه تحقیقات توسعه اقتصادی Journal of Economic Development  Research
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