The main purpose of this paper is to analyze the determinants of financial development and testing the Simultaneous (trade and financial) openness hypothesis in Iranian economy during 1971-2006. For the analysis procedure, the time series econometrics techniques and the GMM method are applied. The results show that: 1- For larger financial development, government should open trade and financial market, simultaneously. 2- The effect of trade openness on financial development is greater than financial openness.
Samadi, A. H. (2009). Financial Development and Simultaneous (Trade and Financial) Openness Hypothesis: The Case of Iran. The Journal of Economic Policy, 1(2), 159-184.
MLA
Ali Hossein Samadi. "Financial Development and Simultaneous (Trade and Financial) Openness Hypothesis: The Case of Iran". The Journal of Economic Policy, 1, 2, 2009, 159-184.
HARVARD
Samadi, A. H. (2009). 'Financial Development and Simultaneous (Trade and Financial) Openness Hypothesis: The Case of Iran', The Journal of Economic Policy, 1(2), pp. 159-184.
VANCOUVER
Samadi, A. H. Financial Development and Simultaneous (Trade and Financial) Openness Hypothesis: The Case of Iran. The Journal of Economic Policy, 2009; 1(2): 159-184.
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