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dc.contributor.authorWilawan Srichaikulen_US
dc.contributor.authorParavee Maneejuken_US
dc.contributor.authorWoraphon Yamakaen_US
dc.description.abstractThis study investigates the heterogeneous effect of trade globalization, financial globalization and political globalization on economic development in ASEAN+3 countries (Brunei, Cambodia, Laos, Indonesia, Malaysia, Myanmar, the Philippines, Singapore, Thailand, Vietnam, China, Japan and South Korea) over the period 1990–2016 using Panel quantile cointegration regression approach. The results of long run relationship show the asymmetric effect of trade globalization on economic development with a strong positive effect in low economic development countries but a negative effect in high economic development countries. Meanwhile, political globalization has only the positive effect on economic development for both poorer and richer nations, but the coefficient values vary across quantiles. Finally, financial globalization shows the weak contribution to economic development. Furthermore, the short run relationship between economic development and each globalization variable evidently exists with a weak negative speed of adjustment toward equilibrium.en_US
dc.subjectComputer Scienceen_US
dc.subjectDecision Sciencesen_US
dc.subjectEconomics, Econometrics and Financeen_US
dc.titleThe Asymmetric Effect of Trade, Financial, and Political Globalization on Economic Development in ASEAN+3en_US
dc.typeBook Seriesen_US
article.title.sourcetitleStudies in Systems, Decision and Controlen_US
article.volume429en_US Mai Universityen_US
Appears in Collections:CMUL: Journal Articles

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