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The effects of regulatory quality on economic growth
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규제의 질과 경제성장 사이의 관계

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Type
Academic journal
Author
Lee You-Tay (국립부경대학교)
Journal
Korean Research Institute of Corporate Management 기업경영리뷰 기업경영리뷰 제15권 제1호 KCI Accredited Journals
Published
2024.2
Pages
1 - 16 (16page)

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The effects of regulatory quality on economic growth
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This study investigates the impact of trade liberalization on economic growth among ASEAN member countries from 2010 to 2020, in the context of increased trade openness following the inauguration of the WTO's free trade agreement in 1994. Additionally, the study examines whether the quality of regulation moderates the effect of trade openness on economic growth. Using fixed effects models, two-way fixed effects analysis, and dynamic panel analysis, the study finds that trade liberalization has a significant positive impact on economic growth. It also reveals that the quality of government regulation positively moderates the relationship between trade openness and economic growth. The study suggests that ASEAN member countries should deepen trade liberalization for efficient economic growth and improve the quality of government regulation to maximize the benefits of trade openness.
#경제성장 #무역개방 #경제성장 #조절효과 #규제의 질 #Economic growth #Trade openness #Moderating effect #Regulatory quality

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