Have a personal or library account? Click to login
Do Financial and Trade Openness Lead to Financial Sector Development in Nigeria? Cover

Do Financial and Trade Openness Lead to Financial Sector Development in Nigeria?

Open Access
|Nov 2016

References

  1. Adelowokan, O.A. and Maku A.O. (2013). Trade openness, foreign investment and economic growth in Nigeria: A long-run analysis. European Journal of Globalization and Development Research. 7(1), 446-458.
  2. Alajekwu, U.B., Ezeabasili V.N. and Nzotta S.M. (2013). Trade openness, stock market development and economic growth of Nigeria: Empirical evidence. Research Journal of Finance and Accounting. 4(3), 120-127.
  3. Baltagi, B., Demitriades P. and Law S.H. (2007). Financial development, openness and institutions: Evidence from panel data. Paper presented at the Conference on New Perspectives on Financial Globalization, Hosted by the International Monetary Fund and Cornell University in April.10.2139/ssrn.1026323
  4. Baltagi, B.H., Demitriades P.O. and Law S.H. (2009). Financial development and openness: Evidence from panel data. Journal of Development Economics. 89, 285-296.10.1016/j.jdeveco.2008.06.006
  5. Bekaert, G., and Harvey C.R. (2005). Chronology of important financial, economic and political events in emerging markets. http://www.duke.edu/_charvey/chronology.htm
  6. Chinn, M.D. and Ito H. (2008). A new measure of financial openness, Journal of Comparative PolicyAnalysis. 10, 309–322.
  7. David, A.C., Mlachila M. and Moheeput A. (2014). Does openness matter for financial development in Africa? IMF Working Paper WP/14/94, Washington DC: International Monetary Fund.10.5089/9781498359290.001
  8. Dickey, D.A. and Fuller W.A. (1979). Distribution of the estimators for autoregressive time series with a unit root. Journal of the American Statistical Association. 74, 427-431.
  9. Eichengreen, B.J. (2001). Capital account liberalization: what do the cross-country studies tell us? World Bank Economic Review. 15, 341–66.
  10. Garita, G. (2009). How does financial openness affect economic growth and its components? Munch Personal Repec Archive, MPRA Paper No. 20099.
  11. Hansen, L.P. (1982). Large sample properties of Generalized Method of Moments estimators. Econometrica. 50, 1029-1054.10.2307/1912775
  12. Hauner, D. and Prati A. (2008). Openness and domestic financial liberalization: Which comes first? Washington DC: International Monetary Fund.10.2139/ssrn.1089989
  13. Levine, R. (2001). International financial liberalisation and economic growth. Review of International Economics. 9, 688 – 702.10.1111/1467-9396.00307
  14. Lane, P.R. and Milesi-Ferretti G.M. (2006). The external wealth of nations mark ii: revised and extended estimates of foreign assets and liabilities, 1970–2004. IMF Working Paper No. 06/69, Washington DC: International Monetary Fund.
  15. Lane, P.R. and Milesi-Ferretti G.M. (2007). The external wealth of nations, mark ii: revised and extendedestimates of foreign assets and liabilities, 1970–2004. Journal of International Economics. 73, 223–50.10.1016/j.jinteco.2007.02.003
  16. Lipsey, R. E. (2002). Home and host country effects of FDI. NBER working paper 9293, Cambridge: National Bureau of Economic Research.10.3386/w9293
  17. Pham, T.H.H. (2010). Financial development, financial openness and trade openness: New evidence. FIW Working Paper No. 60, Vienna: Forschungsschwerpunkt Internationale Wirtschaft.
  18. Phillips, P.C.B. and Perron P. (1988). Testing for a unit root in time series regression, Biometrika. 75, 335-346.
  19. Quinn, D., Schindler M. and Toyoda A.M. (2011). Assessing measures of financial openness and integration. IMF Economic Review. 59(3), 489-522.10.1057/imfer.2011.18
  20. Quinn, D.P., and Toyoda A.M. (2008). Does capital account liberalization lead to growth? Review of Financial Studies. 21, 1403–1449.
  21. Rajan, R. G. and Zingales L. (2003). The great reversals: The politics of financial development in the twentieth century. Journal of Financial Economics. 69, 5 – 50.10.1016/S0304-405X(03)00125-9
  22. Stiglitz, J. (2003). Globalization and its discontents. New York: Norton.
  23. Tamazian, A., Chousa J.P. and Vadlamannati K.C. (2009). Does higher economic and financial development lead to environmental degradation: Evidence from BRIC countries. Energy Policy. 37, 246-253.10.1016/j.enpol.2008.08.025
  24. Yanikkaya, H. (2003). Trade openness and economic growth: A cross-country empirical investigation. Journal of Development Economics. 72, 57-89.10.1016/S0304-3878(03)00068-3
DOI: https://doi.org/10.1515/zireb-2016-0008 | Journal eISSN: 1849-1162 | Journal ISSN: 1331-5609
Language: English
Page range: 57 - 68
Published on: Nov 19, 2016
In partnership with: Paradigm Publishing Services
Publication frequency: 2 issues per year

© 2016 Abayomi Toyin Onanuga, Olaronke Toyin Onanuga, published by University of Zagreb, Faculty of Economics & Business
This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 3.0 License.