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Institutions, inward foreign direct investment, trade openness and credit level in emerging market economies

Year: 2018

Type: article

Abstract: This study investigates the effects of institutional quality, inward FDI, trade openness, and their interaction on the domestic credit equilibrium in 33 emerging economies between 2002 and 2015. Through two system-GMM estimators, our study shows that inward FDIs have a booming effect on the domestic credit in emerging market economies while the trade openness exhibits a crowding-out effects. Institutions help moderating these effects of inward FDIs and trade openness on the domestic credit suggesting a particular policy.

Source: Review of Development Finance

DOI: 10.1016/j.rdf.2018.11.005

Authors: Canh Phuc Nguyen, Christophe Schinckus, Thanh Dinh Su, Felicia Chong

Institutions: University of Economics Ho Chi Minh City, RMIT Vietnam, University of Malaya

Language: English

Topic: Monetary Policy and Economic Impact

Subfield: General Economics, Econometrics and Finance

Field: Economics, Econometrics and Finance

Domain: Social Sciences

SDGs: Industry, innovation and infrastructure, Partnerships for the goals, Decent work and economic growth

Open Access status: hybrid

OpenAlex ID: W2901992028

FWCI: 16.43

Cites: 131

Cited by: 72

Related to: 10