EN
The Effect of Financial Liberalization through the General Agreement on Trade and Services on Economic Growth in Developing Countries
Abstract
This study investigates the influence of financial liberalization on economic growth in developing countries indirectly through their effect on financial development. It selects the size and activity of the financial system as indicators of financial development. The General agreement on Trade and Services (GATS) is a very useful option for developing countries to consolidate their financial sector reform to give foreign investors more certainty about financial investment opportunities in the economies of developing countries. This study chooses the level of commitments taking by developing countries in the GATS in banking sector as a measure of financial liberalization. The main objective is to examine the effect of developing countries financial liberalization commitments at the GATS on economic growth through their effect on the size and activity of the financial sector. According to the analysis conducted, the results show no real effect of the level of commitments taking by developing countries in the GATS on Economic Growth through their effect on the size and activity of financial development. Even though the effect of financial development on economic growth is positive, the effect of financial liberalization through the GATS on financial development is almost zero.
Keywords
Details
Primary Language
English
Subjects
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Journal Section
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Publication Date
May 1, 2016
Submission Date
May 1, 2016
Acceptance Date
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Published in Issue
Year 2016 Volume: 6 Number: 3
APA
Samman, H. A., & Azmeh, C. (2016). The Effect of Financial Liberalization through the General Agreement on Trade and Services on Economic Growth in Developing Countries. International Journal of Economics and Financial Issues, 6(3), 855-860. https://izlik.org/JA93ZL77UM
AMA
1.Samman HA, Azmeh C. The Effect of Financial Liberalization through the General Agreement on Trade and Services on Economic Growth in Developing Countries. IJEFI. 2016;6(3):855-860. https://izlik.org/JA93ZL77UM
Chicago
Samman, Hazem Al, and Chadi Azmeh. 2016. “The Effect of Financial Liberalization through the General Agreement on Trade and Services on Economic Growth in Developing Countries”. International Journal of Economics and Financial Issues 6 (3): 855-60. https://izlik.org/JA93ZL77UM.
EndNote
Samman HA, Azmeh C (May 1, 2016) The Effect of Financial Liberalization through the General Agreement on Trade and Services on Economic Growth in Developing Countries. International Journal of Economics and Financial Issues 6 3 855–860.
IEEE
[1]H. A. Samman and C. Azmeh, “The Effect of Financial Liberalization through the General Agreement on Trade and Services on Economic Growth in Developing Countries”, IJEFI, vol. 6, no. 3, pp. 855–860, May 2016, [Online]. Available: https://izlik.org/JA93ZL77UM
ISNAD
Samman, Hazem Al - Azmeh, Chadi. “The Effect of Financial Liberalization through the General Agreement on Trade and Services on Economic Growth in Developing Countries”. International Journal of Economics and Financial Issues 6/3 (May 1, 2016): 855-860. https://izlik.org/JA93ZL77UM.
JAMA
1.Samman HA, Azmeh C. The Effect of Financial Liberalization through the General Agreement on Trade and Services on Economic Growth in Developing Countries. IJEFI. 2016;6:855–860.
MLA
Samman, Hazem Al, and Chadi Azmeh. “The Effect of Financial Liberalization through the General Agreement on Trade and Services on Economic Growth in Developing Countries”. International Journal of Economics and Financial Issues, vol. 6, no. 3, May 2016, pp. 855-60, https://izlik.org/JA93ZL77UM.
Vancouver
1.Hazem Al Samman, Chadi Azmeh. The Effect of Financial Liberalization through the General Agreement on Trade and Services on Economic Growth in Developing Countries. IJEFI [Internet]. 2016 May 1;6(3):855-60. Available from: https://izlik.org/JA93ZL77UM