{"id":"https://openalex.org/W4386895246","doi":"https://doi.org/10.1108/ijse-09-2022-0587","title":"Financial development and growth nexus in Asian countries: mediating role of FDI, foreign aid and trade","display_name":"Financial development and growth nexus in Asian countries: mediating role of FDI, foreign aid and trade","publication_year":2023,"publication_date":"2023-09-20","ids":{"openalex":"https://openalex.org/W4386895246","doi":"https://doi.org/10.1108/ijse-09-2022-0587"},"language":"en","primary_location":{"id":"doi:10.1108/ijse-09-2022-0587","doi":"https://doi.org/10.1108/ijse-09-2022-0587","is_oa":false,"landing_page_url":"https://doi.org/10.1108/ijse-09-2022-0587","pdf_url":null,"source":{"id":"https://openalex.org/S49131624","display_name":"International Journal of Social Economics","issn_l":"0306-8293","issn":["0306-8293","1758-6712"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-b","anvur-scientific","cwts-core","erih-plus","jufo-1","norway-1","poland-40","russia-white-list-2","vabb-shw"],"host_organization":"https://openalex.org/P4310319811","host_organization_name":"Emerald Publishing Limited","host_organization_lineage":["https://openalex.org/P4310319811"],"host_organization_lineage_names":["Emerald Publishing Limited"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"International Journal of Social 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/A5018912836","display_name":"Biswajit Patra","orcid":"https://orcid.org/0000-0002-1685-7303","observed_orcids":["https://orcid.org/0000-0002-1685-7303"]},"institutions":[{"id":"https://openalex.org/I288749910","display_name":"Indian Institute of Science Education and Research, Bhopal","ror":"https://ror.org/02rb21j89","country_code":"IN","type":"education","lineage":["https://openalex.org/I288749910"]}],"countries":["IN"],"is_corresponding":false,"raw_author_name":"Biswajit Patra","raw_affiliation_strings":["Department of Economic Sciences, Indian Institute of Science Education and Research Bhopal, Bhopal, India"],"raw_orcid":"https://orcid.org/0000-0002-1685-7303","affiliations":[{"raw_affiliation_string":"Department of Economic Sciences, Indian Institute of Science Education and Research Bhopal, Bhopal, India","institution_ids":["https://openalex.org/I288749910"]}]},{"author_position":"last","author":{"id":"https://openalex.org/A5081319184","display_name":"Narayan Sethi","orcid":"https://orcid.org/0000-0003-4298-4928","observed_orcids":["https://orcid.org/0000-0003-4298-4928"]},"institutions":[{"id":"https://openalex.org/I16292982","display_name":"National Institute of Technology Rourkela","ror":"https://ror.org/011gmn932","country_code":"IN","type":"education","lineage":["https://openalex.org/I16292982"]}],"countries":["IN"],"is_corresponding":false,"raw_author_name":"Narayan Sethi","raw_affiliation_strings":["Department of Humanities and Social Sciences, National Institute of Technology Rourkela, Rourkela, India"],"raw_orcid":"https://orcid.org/0000-0003-4298-4928","affiliations":[{"raw_affiliation_string":"Department of Humanities and Social Sciences, National Institute of Technology Rourkela, Rourkela, India","institution_ids":["https://openalex.org/I16292982"]}]}],"institutions":[],"countries_distinct_count":1,"institutions_distinct_count":2,"corresponding_author_ids":[],"corresponding_institution_ids":[],"apc_list":null,"apc_paid":null,"fwci":5.5482,"has_fulltext":false,"cited_by_count":14,"citation_normalized_percentile":{"value":0.95789692,"is_in_top_1_percent":false,"is_in_top_10_percent":true},"cited_by_percentile_year":{"min":96,"max":99},"biblio":{"volume":"51","issue":"5","first_page":"623","last_page":"640"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T10007","display_name":"Monetary Policy and Economic Impact","score":0.961899995803833,"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":0.961899995803833,"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/T13867","display_name":"Economic Growth and Development","score":0.015300000086426735,"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"}},{"id":"https://openalex.org/T10393","display_name":"Economic Growth and Productivity","score":0.008100000210106373,"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"}}],"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":0.9990000128746033},{"id":"https://openalex.org/keywords/foreign-direct-investment","display_name":"foreign direct investment","score":0.9139999747276306},{"id":"https://openalex.org/keywords/foreign-aid","display_name":"foreign aid","score":1.0},{"id":"https://openalex.org/keywords/international-trade","display_name":"international trade","score":0.7929999828338623},{"id":"https://openalex.org/keywords/mediating-effect","display_name":"mediating effect","score":0.8769999742507935},{"id":"https://openalex.org/keywords/interaction-effects","display_name":"interaction effects","score":0.6660000085830688},{"id":"https://openalex.org/keywords/income-groups","display_name":"income groups","score":0.7590000033378601},{"id":"https://openalex.org/keywords/asian-economies","display_name":"Asian economies","score":0.8109999895095825},{"id":"https://openalex.org/keywords/external-finance-dependence","display_name":"external financing dependence","score":0.8740000128746033}],"concepts":[{"id":"https://openalex.org/C33842695","wikidata":"https://www.wikidata.org/wiki/Q490513","display_name":"Foreign direct investment","level":2,"score":0.7881720066070557},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.689924955368042},{"id":"https://openalex.org/C148609458","wikidata":"https://www.wikidata.org/wiki/Q7021281","display_name":"Nexus (standard)","level":2,"score":0.5892970561981201},{"id":"https://openalex.org/C6422946","wikidata":"https://www.wikidata.org/wiki/Q857354","display_name":"Panel data","level":2,"score":0.49216097593307495},{"id":"https://openalex.org/C2777747085","wikidata":"https://www.wikidata.org/wiki/Q5449743","display_name":"Financial sector development","level":3,"score":0.4511999487876892},{"id":"https://openalex.org/C83864248","wikidata":"https://www.wikidata.org/wiki/Q177323","display_name":"Developing country","level":2,"score":0.4421415328979492},{"id":"https://openalex.org/C18547055","wikidata":"https://www.wikidata.org/wiki/Q47417","display_name":"International economics","level":1,"score":0.39232319593429565},{"id":"https://openalex.org/C139719470","wikidata":"https://www.wikidata.org/wiki/Q39680","display_name":"Macroeconomics","level":1,"score":0.29002755880355835},{"id":"https://openalex.org/C50522688","wikidata":"https://www.wikidata.org/wiki/Q189833","display_name":"Economic growth","level":1,"score":0.15221723914146423},{"id":"https://openalex.org/C41008148","wikidata":"https://www.wikidata.org/wiki/Q21198","display_name":"Computer science","level":0,"score":0.0},{"id":"https://openalex.org/C149782125","wikidata":"https://www.wikidata.org/wiki/Q160039","display_name":"Econometrics","level":1,"score":0.0},{"id":"https://openalex.org/C149635348","wikidata":"https://www.wikidata.org/wiki/Q193040","display_name":"Embedded system","level":1,"score":0.0}],"mesh":[],"locations_count":2,"locations":[{"id":"doi:10.1108/ijse-09-2022-0587","doi":"https://doi.org/10.1108/ijse-09-2022-0587","is_oa":false,"landing_page_url":"https://doi.org/10.1108/ijse-09-2022-0587","pdf_url":null,"source":{"id":"https://openalex.org/S49131624","display_name":"International Journal of Social Economics","issn_l":"0306-8293","issn":["0306-8293","1758-6712"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-b","anvur-scientific","cwts-core","erih-plus","jufo-1","norway-1","poland-40","russia-white-list-2","vabb-shw"],"host_organization":"https://openalex.org/P4310319811","host_organization_name":"Emerald Publishing Limited","host_organization_lineage":["https://openalex.org/P4310319811"],"host_organization_lineage_names":["Emerald Publishing Limited"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"International Journal of Social Economics","raw_type":"journal-article"},{"id":"pmh:oai:RePEc:eme:ijsepp:ijse-09-2022-0587","doi":null,"is_oa":false,"landing_page_url":"https://www.emerald.com/insight/content/doi/10.1108/IJSE-09-2022-0587/full/html?utm_source=repec&utm_medium=feed&utm_campaign=repec","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":[{"id":"https://metadata.un.org/sdg/8","display_name":"Decent work and economic growth","score":0.9211000204086304},{"id":"https://metadata.un.org/sdg/17","display_name":"Partnerships for the goals","score":0.9090999960899353}],"study_designs":[],"awards":[],"funders":[],"has_content":{"grobid_xml":false,"pdf":false},"content_urls":null,"referenced_works_count":44,"referenced_works":["https://openalex.org/W650025864","https://openalex.org/W1480741239","https://openalex.org/W1491740479","https://openalex.org/W1592860285","https://openalex.org/W1967130668","https://openalex.org/W1986829883","https://openalex.org/W2006396856","https://openalex.org/W2011578911","https://openalex.org/W2022220920","https://openalex.org/W2026204992","https://openalex.org/W2048158235","https://openalex.org/W2058243161","https://openalex.org/W2067402622","https://openalex.org/W2069644742","https://openalex.org/W2070631858","https://openalex.org/W2098916672","https://openalex.org/W2102897370","https://openalex.org/W2105230690","https://openalex.org/W2112352537","https://openalex.org/W2161059922","https://openalex.org/W2162484441","https://openalex.org/W2170433190","https://openalex.org/W2185323884","https://openalex.org/W2460036328","https://openalex.org/W2909371296","https://openalex.org/W2953637311","https://openalex.org/W2968486470","https://openalex.org/W2987837828","https://openalex.org/W3004743265","https://openalex.org/W3010541459","https://openalex.org/W3050375694","https://openalex.org/W3121563930","https://openalex.org/W3121737815","https://openalex.org/W3174265602","https://openalex.org/W3197274791","https://openalex.org/W3207986020","https://openalex.org/W4200028016","https://openalex.org/W4241727697","https://openalex.org/W4243164716","https://openalex.org/W4283705114","https://openalex.org/W4323350329","https://openalex.org/W4323928817","https://openalex.org/W4365505989","https://openalex.org/W4367397442"],"related_works":["https://openalex.org/W4386370720","https://openalex.org/W4362720772","https://openalex.org/W7223156491","https://openalex.org/W3091976421","https://openalex.org/W4408647907","https://openalex.org/W4407284361","https://openalex.org/W4367679105","https://openalex.org/W3164466849","https://openalex.org/W6991307828","https://openalex.org/W7111961647"],"abstract_inverted_index":{"Purpose":[0],"This":[1],"paper":[2],"analyzes":[3],"the":[4,11,46,125,132,147,157,166,181,201,204,207,211,220,234],"direct":[5,19,47,221],"effect":[6,77,99,224],"of":[7,14,51,83,100,127,149,169,203,225],"financial":[8,15,52,90,101,167,226],"development":[9,16,91,102,168,227],"and":[10,24,48,107,120,138,191,196,222],"mediating":[12,49],"impact":[13,50,133],"through":[17],"foreign":[18,22,105,108,121],"investment":[20],"(FDI),":[21],"aid":[23,106,122],"trade":[25,109],"on":[26,54,165,183,217,228],"economic":[27,95,112,229],"growth":[28,55,126,143,230],"for":[29,56,79,136,145,188,194,243],"all":[30,57,146,233],"Asian":[31,59,158,235],"countries.":[32,84,140,198],"Design/methodology/approach":[33],"A":[34],"fixed-effect":[35],"model":[36,70],"with":[37,103],"Driscoll\u2013Kraay":[38],"panel":[39],"corrected":[40],"estimators":[41],"was":[42],"employed":[43],"to":[44,63,73,162,173,213],"find":[45],"developments":[53],"47":[58],"economies":[60,159],"from":[61],"1980":[62],"2020.":[64],"The":[65,86,97,114,153,239],"bootstrapped":[66],"panel-quantile":[67],"regression":[68],"(BPQR)":[69],"is":[71,134,186,210,246],"used":[72],"check":[74],"how":[75],"this":[76,244],"varies":[78],"different":[80],"income":[81],"groups":[82],"Findings":[85],"results":[87,116,154],"demonstrated":[88],"that":[89,118,156,180],"positively":[92,144],"impacts":[93,111,142],"countries'":[94],"growth.":[96,113,176],"interaction":[98,223],"FDI,":[104],"negatively":[110],"BPQR":[115],"showed":[117],"FDI":[119],"help":[123],"in":[124],"lower":[128],"quantile":[129],"economies;":[130],"however,":[131],"negative":[135],"middle-":[137,195],"upper-income":[139,197],"Trade":[141],"quantiles":[148],"economies.":[150,236],"Research":[151],"limitations/implications":[152],"suggest":[155],"must":[160],"continue":[161],"provide":[163,214],"thrust":[164],"their":[170],"own":[171],"countries":[172,190],"achieve":[174],"better":[175],"It":[177],"also":[178],"implied":[179],"dependence":[182],"external":[184],"finance":[185],"good":[187],"low-income":[189],"not":[192],"advisable":[193],"Originality/value":[199],"To":[200],"best":[202],"authors\u2019":[205],"knowledge,":[206],"current":[208],"study":[209],"first":[212],"empirical":[215],"evidence":[216],"analyzing":[218],"both":[219],"by":[231],"considering":[232],"Peer":[237],"review":[238,241],"peer":[240],"history":[242],"article":[245],"available":[247],"at:":[248],"https://publons.com/publon/10.1108/IJSE-09-2022-0587":[249]},"counts_by_year":[{"year":2026,"cited_by_count":7},{"year":2025,"cited_by_count":4},{"year":2024,"cited_by_count":3}],"updated_date":"2026-10-12T09:40:04.860316","created_date":"2023-09-21T00:00:00"}
