Kim, Dong-Hyeon; Lin, Shu-Chin; Suen, Yu-Bo - In: The Journal of International Trade & Economic Development 21 (2012) 4, pp. 513-537
This article empirically investigates the interactions among economic growth, financial development, and trade openness through simultaneous equation systems. The identification and estimation of the systems rely on the methodology of identification through heteroskedasticity. The empirical...