{"product_id":"2940148664932","title":"The Empirical Investigation on The Relationship of Foreign Trade, Institutions and Economic Performance of The ASEAN Nations","description":"This short empirical paper attempts to study on the empirical investigation on the relationship\u003cbr\u003eof foreign trade and institutional stocks on economic growth of the ASEAN nations. The\u003cbr\u003epanel data which contains ten countries in ASEAN is employed to use in this paper and the\u003cbr\u003eeconometric estimations such as Pooled OLS and Fixed-Effect estimations are adopted. In\u003cbr\u003ethis paper, the conventional factors such as fixed capital formation and economically\u003cbr\u003eemployed labor and domestic credit sizes are controlled. Finally, the empirical results from\u003cbr\u003ethis paper suggest a strong positively significant relationship between total stocks of\u003cbr\u003einstitutions, foreign trade and domestic credit development on economic growth of these\u003cbr\u003enations. Moreover, when controlling conventional factors and domestic credit sizes, foreign\u003cbr\u003etrade and individual effect of government effectiveness, accountability, rule of law and\u003cbr\u003epolitical stability plays extremely roles in economic development of these nations.\u003cbr\u003eAdditionally, foreign trade effect on economic growth of these nations has changed over time;\u003cbr\u003eincreasing sharply, in particular after the ASEAN Free Trade Area was launched in 1992.","brand":"ReadCycle","offers":[{"title":"Default Title","offer_id":47108743659760,"sku":"2940148664932","price":2.99,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0737\/7593\/9824\/files\/2940148664932_p0.jpg?v=1763706241","url":"https:\/\/shop-qa.barnesandnoble.com\/products\/2940148664932","provider":"Barnes \u0026 Noble (DEV)","version":"1.0","type":"link"}