ANALYSIS OF THE RELATIONSHIP BETWEEN INTERNATIONAL TRADE AND FINANCIAL DEVELOPMENT AND THEIR IMPACT ON ECONOMIC GROWTH FOR THE PERIOD 1978-2013: CHINA AS A CASE STUDY
The study's goal is to find out how international commerce affects China's financial development and economic growth. Examining the order of integration of variables with augmented Dickey-Fuller and Phillips-Perron (PP) tests and Johansen's co-integration methods to look at the long-term relationship between these variables. The Granger causality test determines if one variable causes the other. International commerce, financial development, and economic growth are all proven to be linked over the long term, according to the study's findings. The findings show that China's economy benefits from increased foreign commerce and financial development.
financial development, international trade, economic growth.