Huy Tiet Pham; Gan, Christopher; Hu, Baiding - In: Journal of risk and financial management : JRFM 15 (2022) 5, pp. 1-26
generalized method of moments (GMM) estimator to identify how one factor affected the other. Our Granger test results showed a … bidirectional linkage between FDI and financial development. Using the system GMM estimator, we showed that greater financial …