The Contribution of Trade conditional on Human Capital, Financial Development and Institution to Economic Development. Evidence from ASEAN Nation

Inhaltsverzeichnis (Table of Contents)

• CHAPTER ONE: INTRODUCTION
• 1.1. Research Backgrounds
• 1.1.1 Economic Cooperation in ASEAN
• 1.1.1.1. ASEAN Free Trade Area (AFTA)
• 1.1.1.2 The ASEAN Economic Community (AEC)
• 1.2. Research Motivations
• 1.3. Research Objectives and Intended Contribution
• 1.4. Thesis Structure
• CHAPTER TWO: LITERATURE REVIEW
• 2.1. The Effects of Foreign trade on Economic Development
• 2.2. The Effects of Institutions on Foreign trade and Economic Development
• 2.3. The Effects of Financial Development on Trade and Economic Development
• 2.4. The Effects of Human Capital on Foreign trade and Economic Development
• CHAPTER THREE: THEORETICAL FRAMEWORK
• 3.1. Foundations of Trade Theories
• 3.2. Why Do Nations Trade? Is trade good for a country?
• 3.3 Theories of complementary factors to trade openness and growth
• 3.4 Human Capital in the Theoretical Perspectives
• 3.5 Institutions in the Theoretical Perspectives
• 3.6 Financial Development in the Theoretical Debates
• 3.7 An Illustration of an Endogenous Growth Model
• 3.8 Proposed Research Hypothesis

Zielsetzung und Themenschwerpunkte (Objectives and Key Themes)

This thesis aims to explore the relationship between economic development and trade openness, considering the influence of structural factors like human capital, financial resources, and institutional quality in ASEAN nations. The research focuses on three key objectives:

• Provide a qualitative description of ASEAN cooperation to stimulate interest in the region.
• Quantitatively assess the impact of international trade on the economic development of ASEAN countries.
• Investigate how differences in human capital, financial resources, and institutional quality across ASEAN nations affect the relationship between international trade and economic growth.

Zusammenfassung der Kapitel (Chapter Summaries)

The first chapter introduces the research background, motivations, objectives, and structure of the thesis. It provides an overview of economic cooperation within ASEAN, highlighting the ASEAN Free Trade Area (AFTA) and the ASEAN Economic Community (AEC). Chapter two delves into the literature review, examining the effects of foreign trade on economic development, the role of institutions in promoting foreign trade and economic growth, the influence of financial development on trade and economic development, and the impact of human capital on foreign trade and economic development. The theoretical framework outlined in chapter three explores the foundations of trade theories, investigates the reasons behind international trade, and examines complementary factors that contribute to trade openness and economic growth. The chapter further analyzes the theoretical perspectives on human capital, institutions, and financial development, providing an illustration of an endogenous growth model and presenting the proposed research hypothesis.

Schlüsselwörter (Keywords)

This thesis focuses on the relationship between international trade and economic development within ASEAN nations. Key concepts include trade openness, human capital, financial development, institutional quality, economic growth, panel data analysis, and policy reforms. The research utilizes econometric methods like pooled OLS, fixed-effect models, and instrumental variables to analyze the data.