Author
Ph.D, Researcher, Institute for Trade Studies and Research (ITSR), Tehran, Iran
Abstract
The main objective of this paper is to determine the causal relationship between trade openness and financial development in non oil and oil exporting developing countries using a VAR model. The results indicate that there is a variety of causal directions in these countries. Therefore, we cannot conclude on one causal direction for all countries or a group of countries (such as developing countries, non oil and oil exporting countries).
Keywords
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