系統識別號 | U0002-2306201117234400 |
---|---|
DOI | 10.6846/TKU.2011.01320 |
論文名稱(中文) | 貿易開放與金融:中國外貿對拉丁美洲金融發展的影響 |
論文名稱(英文) | Trade openness and finance: Effects of China Foreign Trade on Latin American Financial Development |
第三語言論文名稱 | |
校院名稱 | 淡江大學 |
系所名稱(中文) | 財務金融學系碩士班 |
系所名稱(英文) | Department of Banking and Finance |
外國學位學校名稱 | |
外國學位學院名稱 | |
外國學位研究所名稱 | |
學年度 | 99 |
學期 | 2 |
出版年 | 100 |
研究生(中文) | 艾米勒 |
研究生(英文) | Etzer S. Emile |
學號 | 698531356 |
學位類別 | 碩士 |
語言別 | 英文 |
第二語言別 | |
口試日期 | 2011-06-04 |
論文頁數 | 104頁 |
口試委員 |
指導教授
-
陳玉瓏
委員 - 徐子光 委員 - 張元晨 委員 - 萬哲鈺 |
關鍵字(中) |
中國-拉丁美洲 外貿 貿易開放 金融發展 Pooled Mean Group |
關鍵字(英) |
China Latin America Foreign trade Trade openness Financial development Pooled Mean Group |
第三語言關鍵字 | |
學科別分類 | |
中文摘要 |
在激烈的全球化的競爭中,中國被公認為世界最強大的出口力量,本研究旨在概觀中國對外貿易如何影響拉丁美洲經濟的金融發展。利用17個拉丁美洲國家期間從1982至2009的年資料樣本,以及根據學者Pesaran 等人 (1999)所提出的Pooled Mean Group(PMG)研究法之異質縱橫迴歸(heterogeneous panel regression)。關於中國和拉丁美洲間既有的貿易關係,對拉丁美洲國家的金融發展有正面且顯著的影響之論點,本研究僅提供有限之支持證據。這些發現也顯示貿易開放對於拉丁美洲經濟體的金融發展,扮演重要的正面角色。且依據Huang和Temple(2005)的結論,由於拉丁美洲國家並非高所得國家,其經濟發展的水準的確對這些國家之金融發展有正面影響。 |
英文摘要 |
In a context of intense globalization where China is acclaimed as the largest export power in the world, this study takes place to offer an overview on how China’s foreign trade affects Latin American financial development. Using annual data from 17 Latin American economies observed over the period 1982-2009 and a heterogeneous panel regression based on a the Pooled Mean Group (PMG) approach of Pesaran et al. (1999), this analysis provides limited evidence to support that the existing trade connection between China and Latin America has positive and significant impact on financial development in Latin American countries. The findings also reveal that trade openness plays an important and positive role in the financial development in Latin American economies. According to the conclusion of Huang and Temple (2005), there is also evidence that the economic development level of the Latin American countries does have a positive influence on their financial development since they are not high-income countries. |
第三語言摘要 | |
論文目次 |
Chinese abstract I English abstract II Aknowledgments III Content IV Tables list VI Figures list VII CHAPTER 1: Introduction 1 CHAPTER 2: Overview of Latin America financial Development and its trade relationship with China 8 2.1. Overview of Latin America Financial Development 9 2.1.1. Main players and Markets 9 2.1.2. Payment Systems 12 2.1.3. Financial Inclusion and Banking 13 2.1.4. Barriers to Financial Inclusion 16 2.1.5. Innovation for Financial Inclusion 17 a) Microfinance 17 b) Electronic payment systems 18 c) Branchless Banking 19 2.2 Trade relationship between Latin America and China 20 CHAPTER 3: Literature Reviews 24 3.1. Trade openness and external shocks 25 3.2. Trade openness and financial openness 27 3.3. Trade openness, economic development and financial development 29 CHAPTER 4: Methodology 37 CHAPTER 5: Data 45 5.1. Choice of variables 46 5.2. Definition of the main variables 47 5.2.1. Measuring Financial Development 47 5.2.2. Measuring Foreign Trade and Trade openness 48 5.2.3. The other independent variables 51 5.3. Panel Unit root test 53 5.4. Panel Cointegration Tests 55 5.5. Descriptive Statistics and Correlations 58 CHAPTER 6: Empirical analysis 62 CHAPTER 7: Conclusion 76 Reference 81 Annexe 86 Tables list Table 1. Literature review summary 34 Table 2. List of Sample Countries 52 Table 3. Panel Unit Root Test Summary 55 Table 4. Panel Cointegration Test 58 Table 5. Descriptive Statistics 60 Table 6. Correlations Matrix 61 Table 7. Standard Deviation 66 Table 8. Effects of China’s Foreign Trade on Financial Development in Latin America 74 Table 9. Effects of China’s Foreign Trade on Financial Development in Latin America by single country 75 Table 10. Unit Root Test Full Result 88 Table 11. Panel Cointegration Test Full 95 Table 12. Lag Selection Result 97 Table 13. Haussman Test (part 1) 100 Table 14. Haussman Test (part 2) 100 Table 15. Evolution of External Debt of Latin America 101 Figures list Figure 1. Standard Deviation of the dependent variables 102 Figure 2. Individual cross section for lpriv (17 countries)103 Figure 3. Median lpriv and lopen 103 Figure 4. Median of Lpriv, Lx, Lm 104 |
參考文獻 |
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