Financial development in the countries of the regional comprehensive economic partnership
This study has identified the factors affecting the financial development of a country, thereby measuring the financial development process of countries of The Regional Comprehensive Economic Partnership in the period 2000–2020 through the construction of the Index aggregate of Financial Development...
Saved in:
| Main Author: | |
|---|---|
| Format: | Article |
| Language: | English |
| Published: |
Publishing House of the State University of Management
2022-05-01
|
| Series: | Вестник университета |
| Subjects: | |
| Online Access: | https://vestnik.guu.ru/jour/article/view/3443 |
| Tags: |
Add Tag
No Tags, Be the first to tag this record!
|
| _version_ | 1832541599048925184 |
|---|---|
| author | Thi Phuong Thuy Duong |
| author_facet | Thi Phuong Thuy Duong |
| author_sort | Thi Phuong Thuy Duong |
| collection | DOAJ |
| description | This study has identified the factors affecting the financial development of a country, thereby measuring the financial development process of countries of The Regional Comprehensive Economic Partnership in the period 2000–2020 through the construction of the Index aggregate of Financial Development for these countries. The study used Principal Components Analysis to provide a more quantitative, synthetic and harmonized view of financial development when combining 13 different representative indicators, including to the share of the contribution of each of these indicators to the overall index. These indicators represent each group of intermediaries, financial institutions and financial market groups in terms of depth, efficiency and stability, helping to reflect all aspects of the financial system in a holistic way. This will contribute to a clearer definition of the role and relationship between financial development and economic growth in The Regional Comprehensive Economic Partnership’s countries, a relationship that is still poorly researched. |
| format | Article |
| id | doaj-art-208460e05d8a4f6f81e08fdc3e9a6e47 |
| institution | Kabale University |
| issn | 1816-4277 2686-8415 |
| language | English |
| publishDate | 2022-05-01 |
| publisher | Publishing House of the State University of Management |
| record_format | Article |
| series | Вестник университета |
| spelling | doaj-art-208460e05d8a4f6f81e08fdc3e9a6e472025-02-04T08:28:12ZengPublishing House of the State University of ManagementВестник университета1816-42772686-84152022-05-010315616610.26425/1816-4277-2022-3-156-1662308Financial development in the countries of the regional comprehensive economic partnershipThi Phuong Thuy Duong0State University of ManagementThis study has identified the factors affecting the financial development of a country, thereby measuring the financial development process of countries of The Regional Comprehensive Economic Partnership in the period 2000–2020 through the construction of the Index aggregate of Financial Development for these countries. The study used Principal Components Analysis to provide a more quantitative, synthetic and harmonized view of financial development when combining 13 different representative indicators, including to the share of the contribution of each of these indicators to the overall index. These indicators represent each group of intermediaries, financial institutions and financial market groups in terms of depth, efficiency and stability, helping to reflect all aspects of the financial system in a holistic way. This will contribute to a clearer definition of the role and relationship between financial development and economic growth in The Regional Comprehensive Economic Partnership’s countries, a relationship that is still poorly researched.https://vestnik.guu.ru/jour/article/view/3443national financial developmentfinancial systemfinancial marketfinancial institutionseconomic growthprincipal component analysis methodrcepvietnam |
| spellingShingle | Thi Phuong Thuy Duong Financial development in the countries of the regional comprehensive economic partnership Вестник университета national financial development financial system financial market financial institutions economic growth principal component analysis method rcep vietnam |
| title | Financial development in the countries of the regional comprehensive economic partnership |
| title_full | Financial development in the countries of the regional comprehensive economic partnership |
| title_fullStr | Financial development in the countries of the regional comprehensive economic partnership |
| title_full_unstemmed | Financial development in the countries of the regional comprehensive economic partnership |
| title_short | Financial development in the countries of the regional comprehensive economic partnership |
| title_sort | financial development in the countries of the regional comprehensive economic partnership |
| topic | national financial development financial system financial market financial institutions economic growth principal component analysis method rcep vietnam |
| url | https://vestnik.guu.ru/jour/article/view/3443 |
| work_keys_str_mv | AT thiphuongthuyduong financialdevelopmentinthecountriesoftheregionalcomprehensiveeconomicpartnership |