Rahman, Md. Saifur and Shahari, Farihana (2017) The nexus between financial integration and real economy: Solow-growth model concept. Research in International Business and Finance, 42. pp. 1244-1253. ISSN 0275-5319
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Abstract
This paper aims to investigate the nexus between financial integration and the real economy in ASEAN + 3 economies based on the concept of Solow-Growth Model. The equity indices as a proxy for financial markets are collected from each ASEAN + 3 members and are segmented between two periods; before and after the financial cooperation agreement period. The finding presents several outcomes; 1) no cointegration nexus is found in the system during the pre-agreement periods; 2) the markets are found cointegrated during the post-agreement period, 3) financial integration is found to influence the real sectors of ASEAN + 3 economies. Finally, this study offers policy implications to improve financial integration for stabilizing the real economy.
| Item Type: | Article (Journal) |
|---|---|
| Additional Information: | 7791/63091 |
| Uncontrolled Keywords: | Financial integrationASEAN + 3Real economyGeneralized method of moments (GMM) |
| Subjects: | H Social Sciences > HG Finance H Social Sciences > HG Finance > HG4001 Financial management. Business finance. Corporation finance. |
| Kulliyyahs/Centres/Divisions/Institutes (Can select more than one option. Press CONTROL button): | Kulliyyah of Economics and Management Sciences Kulliyyah of Economics and Management Sciences > Department of Finance |
| Depositing User: | Engku Norulizati Engku Aziz |
| Date Deposited: | 07 May 2018 09:03 |
| Last Modified: | 17 Aug 2019 15:16 |
| URI: | http://irep.iium.edu.my/id/eprint/63091 |
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