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How much impact does the efficiency of capital markets and commodity markets have on GVC?

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DOI: 10.23977/ferm.2021.040209 | Downloads: 8 | Views: 241

Author(s)

Nuo Yi 1

Affiliation(s)

1 Uiniversity of International Business and Economics, School of International Trade and Economics, Beijing, 100029

Corresponding Author

Nuo Yi

ABSTRACT

GVC status reflects an economy’s potential for growth in world trade. We want to find out the key influencing factors from the mechanism management, capital market effectiveness and commodity market effectiveness, so that governments can target policies. In practice, the data showed an obvious dynamic panel pattern. Based on 48 countries data from 2005-2015, we used system GMM method to explore what factors affect GVC status and found that the first lagged term and commodity market effectiveness matter a lot.

KEYWORDS

GVC status, system GMM method, commodity market effectiveness

CITE THIS PAPER

Nuo Yi, How much impact does the efficiency of capital markets and commodity markets have on GVC?. Financial Engineering and Risk Management (2021) 4: 40-47. DOI: http://dx.doi.org/10.23977/ferm.2021.040209

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