Institutional Quality, Trade Openness, and Financial Sector Development in Asia: An Empirical Investigation

Research English OPEN
Le, Thai-ha; Kim, Jungsuk; Lee, Minsoo;
  • Publisher: Manila: Asian Development Bank (ADB)
  • Subject: G10 | G20 | Asia and the Pacific | economic growth | financial development | governance and institutionalquality | panel data analysis | trade openness
    • ddc: ddc:330

We examine the determinants of financial development in Asia and the Pacific from 1995 to 2011. To do so, we apply the dynamic generalized method of moments to a panel data set of 26 economies in the region. We find that better governance and institutional quality foste... View more
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