TRADE INTEGRATION AND INTERNATIONAL FINANCIAL INTEGRATION: EVIDENCE FROM ASIA

Xuan Vinh Vo
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Xuan Vinh Vo: University of Economics, Ho Chi Minh City, Vietnam2Ho Chi Minh City, 59C Nguyen Dinh Chieu Street, District 3, Ho Chi Minh City, Vietnam3CFVG Ho Chi Minh City, 91 Ba Thang Hai Street, District 10, Ho Chi Minh City, Vietnam

The Singapore Economic Review (SER), 2022, vol. 67, issue 04, 1275-1286

Abstract: This paper investigates the relationship between international trade integration and international financial integration in Asia using a dataset covering the period from 2001 to 2015. Using a simultaneous equations system, this paper sheds further light into international trade integration and international financial integration processes of Asian countries. We account for the bidirectional causality between these two variables by employing a system of simultaneous equations. Utilizing the two-stage least squares estimator, we find a positive and significant bidirectional relationship between international trade integration and international financial integration. This result has strong policy implication relating to the liberalization process in these Asian countries.

Keywords: Asia; financial integration; trade integration (search for similar items in EconPapers)
JEL-codes: F10 F15 F30 F40 (search for similar items in EconPapers)
Date: 2022
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Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:wsi:serxxx:v:67:y:2022:i:04:n:s0217590818500248

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DOI: 10.1142/S0217590818500248

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