IDEAS home Printed from https://ideas.repec.org/a/eee/intfin/v89y2023ics1042443123001555.html
   My bibliography  Save this article

Paradox of trade openness: The moderated mediating role of governance

Author

Listed:
  • Nam, Hyun-Jung
  • Bang, Jeongseok
  • Ryu, Doojin

Abstract

This study compares the impact of trade openness on gross domestic product (GDP) growth and human development in a panel of the Association of Southeast Asian Nations (ASEAN) member states. Our results indicate that trade openness has a positive effect on GDP growth but a negative effect on human development. To mitigate this negative impact of trade openness on human development, we propose the roles of governance and foreign direct investment (FDI). Governance plays a moderated mediating role and FDI has a mediating role, collectively strengthening the positive effect of trade openness on economic development.

Suggested Citation

  • Nam, Hyun-Jung & Bang, Jeongseok & Ryu, Doojin, 2023. "Paradox of trade openness: The moderated mediating role of governance," Journal of International Financial Markets, Institutions and Money, Elsevier, vol. 89(C).
    • Handle: RePEc:eee:intfin:v:89:y:2023:i:c:s1042443123001555
    DOI: 10.1016/j.intfin.2023.101887
    as

    Download full text from publisher

    File URL: http://www.sciencedirect.com/science/article/pii/S1042443123001555
    Download Restriction: Full text for ScienceDirect subscribers only
    File URL: https://libkey.io/10.1016/j.intfin.2023.101887?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    More about this item

    Keywords

    Foreign direct investment; Governance; Gross domestic product; Human development; Trade openness;
    All these keywords.

    JEL classification:

    • F10 - International Economics - - Trade - - - General
    • F40 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - General
    • I39 - Health, Education, and Welfare - - Welfare, Well-Being, and Poverty - - - Other
    • G15 - Financial Economics - - General Financial Markets - - - International Financial Markets
    • G18 - Financial Economics - - General Financial Markets - - - Government Policy and Regulation

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eee:intfin:v:89:y:2023:i:c:s1042443123001555. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Catherine Liu (email available below). General contact details of provider: http://www.elsevier.com/locate/intfin .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.