Factors driving openness in China trade: corruption, exchange rate volatility, and macro determinants
Trade openness plays a critical role in the growth of China and its partners. Using a system generalized method of moments (system GMM) estimator and quantile regression, a new viewpoint is presented on trade openness in China for institutional and economic factors over 15 years with 192 economies....
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| Định dạng: | Journal Article |
| Ngôn ngữ: | English |
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World Scientific
2021
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| Truy cập trực tuyến: | http://digital.lib.ueh.edu.vn/handle/UEH/61878 https://doi.org/10.1142/S0219091521500168 |
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oai:localhost:UEH-618782021-08-20T14:47:40Z Factors driving openness in China trade: corruption, exchange rate volatility, and macro determinants Nguyen T.T. Huynh T.L.D. Wong W.-K. China Macro determinants Trade openness Trade openness plays a critical role in the growth of China and its partners. Using a system generalized method of moments (system GMM) estimator and quantile regression, a new viewpoint is presented on trade openness in China for institutional and economic factors over 15 years with 192 economies. The empirical findings provide two contrasting views. Intriguingly, China is seeking to broaden this strategy to countries with less control over corruption and low political stability. By categorizing countries as advanced, emerging, and developing, the study provides the evidence that exchange rate volatility has a negative effect on trade openness, while investment, labor force, and broad money share a positive impact. This study suggests that Chinese policymakers should further boost financial reform to promote trade development. Other countries desirous of greater trade openness with China should have more efficient management of macroscopic economic factors. Finally, the study also examines the two main groups of international offshore financial center from econometric convergence test and club clustering for trade openness in China from the worldwide perspective. 2021-08-20T14:47:40Z 2021-08-20T14:47:40Z 2021 Journal Article 0219-0915 http://digital.lib.ueh.edu.vn/handle/UEH/61878 https://doi.org/10.1142/S0219091521500168 en Review of Pacific Basin Financial Markets and Policies Vol. 24, No. 2 none Portable Document Format (PDF) World Scientific |
| institution |
Đại học Kinh tế Thành phố Hồ Chí Minh |
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DSpaceUEH |
| language |
English |
| topic |
China Macro determinants Trade openness |
| spellingShingle |
China Macro determinants Trade openness Nguyen T.T. Factors driving openness in China trade: corruption, exchange rate volatility, and macro determinants |
| description |
Trade openness plays a critical role in the growth of China and its partners. Using a system generalized method of moments (system GMM) estimator and quantile regression, a new viewpoint is presented on trade openness in China for institutional and economic factors over 15 years with 192 economies. The empirical findings provide two contrasting views. Intriguingly, China is seeking to broaden this strategy to countries with less control over corruption and low political stability. By categorizing countries as advanced, emerging, and developing, the study provides the evidence that exchange rate volatility has a negative effect on trade openness, while investment, labor force, and broad money share a positive impact. This study suggests that Chinese policymakers should further boost financial reform to promote trade development. Other countries desirous of greater trade openness with China should have more efficient management of macroscopic economic factors. Finally, the study also examines the two main groups of international offshore financial center from econometric convergence test and club clustering for trade openness in China from the worldwide perspective. |
| author2 |
Huynh T.L.D. |
| author_facet |
Huynh T.L.D. Nguyen T.T. |
| format |
Journal Article |
| author |
Nguyen T.T. |
| author_sort |
Nguyen T.T. |
| title |
Factors driving openness in China trade: corruption, exchange rate volatility, and macro determinants |
| title_short |
Factors driving openness in China trade: corruption, exchange rate volatility, and macro determinants |
| title_full |
Factors driving openness in China trade: corruption, exchange rate volatility, and macro determinants |
| title_fullStr |
Factors driving openness in China trade: corruption, exchange rate volatility, and macro determinants |
| title_full_unstemmed |
Factors driving openness in China trade: corruption, exchange rate volatility, and macro determinants |
| title_sort |
factors driving openness in china trade: corruption, exchange rate volatility, and macro determinants |
| publisher |
World Scientific |
| publishDate |
2021 |
| url |
http://digital.lib.ueh.edu.vn/handle/UEH/61878 https://doi.org/10.1142/S0219091521500168 |
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AT nguyentt factorsdrivingopennessinchinatradecorruptionexchangeratevolatilityandmacrodeterminants |
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1810054544329015296 |