Rahman, Mohammad Mafizur 
ORCID: https://orcid.org/0000-0002-7950-1961 and Shahbaz, Muhammad and Farooq, Abdul
(2015)
Financial development, international trade, and economic growth in Australia: new evidence from multivariate framework analysis.
Journal of Asia Pacific Business, 16 (1).
pp. 21-43.
ISSN 1059-9231
Abstract
This study investigates the relationship between financial
development, international trade and economic growth for
Australia over the period of 1965 to 2010. The autoregressive distributed lag (ARDL) bounds testing approach to cointegration is applied to examine the long-run relationship among the series,whereas stationarity properties of the variables are tested by applying two structural break tests. Results confirmthe long-run relationship among the variables. Financial development, international trade, and capital appear as the drivers of economic growth in short and long runs. The feedback effect exists between international trade and economic growth. Financial development Granger causes economic growth validating supply-side hypothesis.
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| Item Type: | Article (Commonwealth Reporting Category C) |
|---|---|
| Refereed: | Yes |
| Item Status: | Live Archive |
| Additional Information: | © Taylor & Francis Group, LLC. Permanent restricted access to published version due to publisher copyright policy. This paper was presented at the Asia Pacific Economic and Business History Conference, February 14–16, 2013, Seoul National University, Seoul, South Korea |
| Faculty/School / Institute/Centre: | Historic - Faculty of Business, Education, Law and Arts - School of Commerce (1 Jul 2013 - 17 Jan 2021) |
| Faculty/School / Institute/Centre: | Historic - Faculty of Business, Education, Law and Arts - School of Commerce (1 Jul 2013 - 17 Jan 2021) |
| Date Deposited: | 22 Apr 2015 05:40 |
| Last Modified: | 23 May 2017 04:44 |
| Uncontrolled Keywords: | financial development; international trade; economic growth; Australia |
| Fields of Research (2008): | 14 Economics > 1402 Applied Economics > 140202 Economic Development and Growth 14 Economics > 1402 Applied Economics > 140210 International Economics and International Finance 14 Economics > 1403 Econometrics > 140305 Time-Series Analysis |
| Fields of Research (2020): | 44 HUMAN SOCIETY > 4404 Development studies > 440499 Development studies not elsewhere classified 38 ECONOMICS > 3801 Applied economics > 380110 International economics 38 ECONOMICS > 3802 Econometrics > 380205 Time-series analysis |
| Socio-Economic Objectives (2008): | B Economic Development > 91 Economic Framework > 9103 International Trade > 910399 International Trade not elsewhere classified B Economic Development > 91 Economic Framework > 9199 Other Economic Framework > 919999 Economic Framework not elsewhere classified |
| Identification Number or DOI: | https://doi.org/10.1080/10599231.2015.997625 |
| URI: | http://eprints.usq.edu.au/id/eprint/26768 |
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