{"id":"https://openalex.org/W2052798063","doi":"https://doi.org/10.1080/00036840701765312","title":"Financial development and economic growth in South Korea: an application of smooth transition error correction analysis","display_name":"Financial development and economic growth in South Korea: an application of smooth transition error correction analysis","publication_year":2008,"publication_date":"2008-05-12","ids":{"openalex":"https://openalex.org/W2052798063","doi":"https://doi.org/10.1080/00036840701765312","mag":"2052798063"},"language":"en","primary_location":{"id":"doi:10.1080/00036840701765312","doi":"https://doi.org/10.1080/00036840701765312","is_oa":false,"landing_page_url":"https://doi.org/10.1080/00036840701765312","pdf_url":null,"source":{"id":"https://openalex.org/S201533460","display_name":"Applied Economics","issn_l":"0003-6846","issn":["0003-6846","1466-4283"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-a","anvur-class-a","anvur-scientific","cwts-core","fnege-3","jufo-1","norway-1","poland-40","russia-white-list-1","vabb-shw"],"host_organization":"https://openalex.org/P4310320547","host_organization_name":"Taylor & Francis","host_organization_lineage":["https://openalex.org/P4310320547","https://openalex.org/P4310320449"],"host_organization_lineage_names":["Taylor & Francis","Informa"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Applied Economics","raw_type":"journal-article"},"volume":null,"type":"article","indexed_in":["crossref"],"open_access":{"is_oa":false,"oa_status":"closed","oa_url":null,"any_repository_has_fulltext":false},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5010785515","display_name":"Song Zan Chiou\u2010Wei","orcid":null,"observed_orcids":[]},"institutions":[{"id":"https://openalex.org/I4210112569","display_name":"Nanhua University","ror":"https://ror.org/01tfbz441","country_code":"TW","type":"education","lineage":["https://openalex.org/I4210112569"]}],"countries":["TW"],"is_corresponding":false,"raw_author_name":"Song Zan Chiou-Wei","raw_affiliation_strings":["Nan-Hua University","Department of Economics , Nan-Hua University , Chia-Yi, Taiwan"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Nan-Hua University","institution_ids":["https://openalex.org/I4210112569"]},{"raw_affiliation_string":"Department of Economics , Nan-Hua University , Chia-Yi, Taiwan","institution_ids":["https://openalex.org/I4210112569"]}]},{"author_position":"middle","author":{"id":"https://openalex.org/A5022521264","display_name":"Zhen Zhu","orcid":"https://orcid.org/0000-0003-2313-3618","observed_orcids":["https://orcid.org/0000-0003-2313-3618","https://orcid.org/0009-0007-7594-905X"]},"institutions":[{"id":"https://openalex.org/I139325414","display_name":"University of Central Oklahoma","ror":"https://ror.org/02n455404","country_code":"US","type":"education","lineage":["https://openalex.org/I139325414"]}],"countries":["US"],"is_corresponding":true,"raw_author_name":"Zhen Zhu","raw_affiliation_strings":["College of Business, University of Central Oklahoma","Department of Economics , College of Business, University of Central Oklahoma , Edmond, OK 43034"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"College of Business, University of Central Oklahoma","institution_ids":["https://openalex.org/I139325414"]},{"raw_affiliation_string":"Department of Economics , College of Business, University of Central Oklahoma , Edmond, OK 43034","institution_ids":["https://openalex.org/I139325414"]}]},{"author_position":"last","author":{"id":"https://openalex.org/A5078376382","display_name":"Wun-Cheng Wu","orcid":null,"observed_orcids":[]},"institutions":[{"id":"https://openalex.org/I4210112569","display_name":"Nanhua University","ror":"https://ror.org/01tfbz441","country_code":"TW","type":"education","lineage":["https://openalex.org/I4210112569"]}],"countries":["TW"],"is_corresponding":false,"raw_author_name":"Wun-Cheng Wu","raw_affiliation_strings":["Nan-Hua University","Department of Economics , Nan-Hua University , Chia-Yi, Taiwan"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Nan-Hua University","institution_ids":["https://openalex.org/I4210112569"]},{"raw_affiliation_string":"Department of Economics , Nan-Hua University , Chia-Yi, Taiwan","institution_ids":["https://openalex.org/I4210112569"]}]}],"institutions":[],"countries_distinct_count":2,"institutions_distinct_count":2,"corresponding_author_ids":["https://openalex.org/A5022521264"],"corresponding_institution_ids":["https://openalex.org/I139325414"],"apc_list":null,"apc_paid":null,"fwci":0.7094,"has_fulltext":false,"cited_by_count":9,"citation_normalized_percentile":{"value":0.85750093,"is_in_top_1_percent":false,"is_in_top_10_percent":false},"cited_by_percentile_year":{"min":88,"max":97},"biblio":{"volume":"42","issue":"16","first_page":"2041","last_page":"2052"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T10007","display_name":"Monetary Policy and Economic Impact","score":0.9961000084877014,"subfield":{"id":"https://openalex.org/subfields/2000","display_name":"General Economics, Econometrics and Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T10007","display_name":"Monetary Policy and Economic Impact","score":0.9961000084877014,"subfield":{"id":"https://openalex.org/subfields/2000","display_name":"General Economics, Econometrics and Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10393","display_name":"Economic Growth and Productivity","score":0.0007999999797903001,"subfield":{"id":"https://openalex.org/subfields/2002","display_name":"Economics and Econometrics"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T13867","display_name":"Economic Growth and Development","score":0.0006000000284984708,"subfield":{"id":"https://openalex.org/subfields/1710","display_name":"Information Systems"},"field":{"id":"https://openalex.org/fields/17","display_name":"Computer Science"},"domain":{"id":"https://openalex.org/domains/3","display_name":"Physical Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/financial-development","display_name":"financial development","score":1.0},{"id":"https://openalex.org/keywords/economic-growth","display_name":"economic growth","score":1.0},{"id":"https://openalex.org/keywords/south-korea","display_name":"South Korea","score":0.8939999938011169},{"id":"https://openalex.org/keywords/nonlinear-effects","display_name":"nonlinear effects","score":0.5920000076293945},{"id":"https://openalex.org/keywords/cointegration","display_name":"cointegration","score":0.7129999995231628},{"id":"https://openalex.org/keywords/long-run-equilibrium-relationship","display_name":"long-run equilibrium relationship","score":0.7850000262260437}],"concepts":[{"id":"https://openalex.org/C145162277","wikidata":"https://www.wikidata.org/wiki/Q1751675","display_name":"Cointegration","level":2,"score":0.8094799518585205},{"id":"https://openalex.org/C134024062","wikidata":"https://www.wikidata.org/wiki/Q1401229","display_name":"Error correction model","level":3,"score":0.7385118007659912},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.7317583560943604},{"id":"https://openalex.org/C2777880217","wikidata":"https://www.wikidata.org/wiki/Q4674282","display_name":"Acknowledgement","level":2,"score":0.6120531558990479},{"id":"https://openalex.org/C149782125","wikidata":"https://www.wikidata.org/wiki/Q160039","display_name":"Econometrics","level":1,"score":0.5076473951339722},{"id":"https://openalex.org/C158622935","wikidata":"https://www.wikidata.org/wiki/Q660848","display_name":"Nonlinear system","level":2,"score":0.5036806464195251},{"id":"https://openalex.org/C139719470","wikidata":"https://www.wikidata.org/wiki/Q39680","display_name":"Macroeconomics","level":1,"score":0.439414918422699},{"id":"https://openalex.org/C10138342","wikidata":"https://www.wikidata.org/wiki/Q43015","display_name":"Finance","level":1,"score":0.38625600934028625},{"id":"https://openalex.org/C556758197","wikidata":"https://www.wikidata.org/wiki/Q580018","display_name":"Monetary economics","level":1,"score":0.32299959659576416},{"id":"https://openalex.org/C41008148","wikidata":"https://www.wikidata.org/wiki/Q21198","display_name":"Computer science","level":0,"score":0.10244017839431763},{"id":"https://openalex.org/C38652104","wikidata":"https://www.wikidata.org/wiki/Q3510521","display_name":"Computer security","level":1,"score":0.0},{"id":"https://openalex.org/C121332964","wikidata":"https://www.wikidata.org/wiki/Q413","display_name":"Physics","level":0,"score":0.0},{"id":"https://openalex.org/C62520636","wikidata":"https://www.wikidata.org/wiki/Q944","display_name":"Quantum mechanics","level":1,"score":0.0}],"mesh":[],"locations_count":2,"locations":[{"id":"doi:10.1080/00036840701765312","doi":"https://doi.org/10.1080/00036840701765312","is_oa":false,"landing_page_url":"https://doi.org/10.1080/00036840701765312","pdf_url":null,"source":{"id":"https://openalex.org/S201533460","display_name":"Applied Economics","issn_l":"0003-6846","issn":["0003-6846","1466-4283"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-a","anvur-class-a","anvur-scientific","cwts-core","fnege-3","jufo-1","norway-1","poland-40","russia-white-list-1","vabb-shw"],"host_organization":"https://openalex.org/P4310320547","host_organization_name":"Taylor & Francis","host_organization_lineage":["https://openalex.org/P4310320547","https://openalex.org/P4310320449"],"host_organization_lineage_names":["Taylor & Francis","Informa"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Applied Economics","raw_type":"journal-article"},{"id":"pmh:oai:RePEc:taf:applec:v:42:y:2010:i:16:p:2041-2052","doi":null,"is_oa":false,"landing_page_url":"http://www.tandfonline.com/doi/abs/10.1080/00036840701765312","pdf_url":null,"source":{"id":"https://openalex.org/S4306401271","display_name":"RePEc: Research Papers in Economics","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I77793887","host_organization_name":"Federal Reserve Bank of St. Louis","host_organization_lineage":["https://openalex.org/I77793887"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"article"}],"best_oa_location":null,"sustainable_development_goals":[{"score":0.48510000109672546,"display_name":"Decent work and economic growth","id":"https://metadata.un.org/sdg/8"}],"study_designs":[],"awards":[],"funders":[{"id":"https://openalex.org/F4320321040","display_name":"National Science Council","ror":"https://ror.org/02kv4zf79"}],"has_content":{"grobid_xml":false,"pdf":false},"content_urls":null,"referenced_works_count":55,"referenced_works":["https://openalex.org/W1489067764","https://openalex.org/W1496447382","https://openalex.org/W1514296636","https://openalex.org/W1549482393","https://openalex.org/W1586712134","https://openalex.org/W1587141723","https://openalex.org/W1963912781","https://openalex.org/W1969967750","https://openalex.org/W1970934050","https://openalex.org/W1970999465","https://openalex.org/W1972177203","https://openalex.org/W1978725800","https://openalex.org/W1981896010","https://openalex.org/W1985378116","https://openalex.org/W1991287736","https://openalex.org/W1991688080","https://openalex.org/W1992355020","https://openalex.org/W1995871420","https://openalex.org/W1997101713","https://openalex.org/W2012967790","https://openalex.org/W2017239593","https://openalex.org/W2017485295","https://openalex.org/W2018944810","https://openalex.org/W2028024060","https://openalex.org/W2036787087","https://openalex.org/W2049033021","https://openalex.org/W2051438039","https://openalex.org/W2058497555","https://openalex.org/W2065747393","https://openalex.org/W2073291539","https://openalex.org/W2078192806","https://openalex.org/W2078955346","https://openalex.org/W2086869427","https://openalex.org/W2093887133","https://openalex.org/W2102897370","https://openalex.org/W2105230690","https://openalex.org/W2118234389","https://openalex.org/W2123158785","https://openalex.org/W2125908202","https://openalex.org/W2131282092","https://openalex.org/W2131838099","https://openalex.org/W2139750096","https://openalex.org/W2150996390","https://openalex.org/W2153562738","https://openalex.org/W2187332388","https://openalex.org/W2736894358","https://openalex.org/W2889830401","https://openalex.org/W3021643362","https://openalex.org/W3121563930","https://openalex.org/W3122398539","https://openalex.org/W3124550292","https://openalex.org/W3124803532","https://openalex.org/W4229487948","https://openalex.org/W4293098276","https://openalex.org/W4299678552"],"related_works":["https://openalex.org/W7137472101","https://openalex.org/W2968638310","https://openalex.org/W7113717200","https://openalex.org/W4226167574","https://openalex.org/W1924094270","https://openalex.org/W1776990904","https://openalex.org/W2052173317","https://openalex.org/W1578510799","https://openalex.org/W1986521369","https://openalex.org/W3124043660"],"abstract_inverted_index":{"This":[0],"article":[1],"investigates":[2],"the":[3,34,55,62,67,72,79,91],"influences":[4],"of":[5,69,82],"financial":[6,46,83],"development":[7,47,84],"on":[8,85],"economic":[9,49,86],"growth":[10,87],"for":[11],"South":[12],"Korea.":[13],"The":[14],"analysis":[15],"is":[16,40,58,88],"performed":[17],"using":[18],"an":[19],"error":[20,28],"correction":[21,29],"model":[22,64],"and":[23,48,65],"a":[24,41],"nonlinear":[25,56],"smooth":[26],"transition":[27],"technique.":[30],"Empirical":[31],"results":[32],"from":[33],"cointegration":[35],"test":[36],"reveal":[37],"that":[38,54,78],"there":[39],"long-run":[42],"equilibrium":[43],"relationship":[44],"among":[45],"growth.":[50],"We":[51],"also":[52],"demonstrate":[53],"specification":[57],"more":[59],"appropriate":[60],"than":[61],"linear":[63],"confirm":[66],"presence":[68],"nonlinearity":[70],"in":[71],"aggregate":[73],"output.":[74],"Furthermore,":[75],"we":[76],"find":[77],"short-run":[80],"effect":[81],"unstable":[89],"despite":[90],"positive":[92],"long-term":[93],"effect.":[94]},"counts_by_year":[{"year":2021,"cited_by_count":1},{"year":2016,"cited_by_count":1},{"year":2015,"cited_by_count":3},{"year":2013,"cited_by_count":3}],"updated_date":"2026-10-14T16:39:01.820549","created_date":"2016-06-24T00:00:00"}