Earticle

초록

영어

This paper empirically investigates the effect of interest groups’ rent-seeking activities on market openness from a political economy perspective. Using panel data from 37 OECD countries over the period 2010 to 2023, the degree of market openness is measured by trade freedom, investment freedom, and financial freedom. The main explanatory variables include the Corruption Perception Index and the Control of Corruption indicator, while control variables consist of the logarithm and squared terms of GDP per capita and the Democracy Index. The empirical results show that lower levels of corruption are significantly associated with higher levels of trade, investment, and financial market openness. This suggests that rent-seeking activities by interest groups may undermine policy transparency and hinder liberalization. In particular, a nonlinear U-shaped relationship is observed between economic scale and market openness, indicating that more advanced economies tend to adopt more open trade policies. Moreover, while the level of democracy positively influences trade and financial openness, it shows a negative association with investment freedom.

목차

Abstract
Ⅰ. 서론
Ⅱ. 선행연구 고찰
Ⅲ. 이론적 모형
Ⅳ. 실증분석
Ⅴ. 요약 및 결론
참고문헌

키워드

저자

• 김영신 [ Kim, Youngshin | 계명대학교 사회과학대학 국제통상학과 ] 제1저자

참고문헌

발행기관

간행물

표지보기 관심저널 등록

• 간행물명

  무역통상학회지 [Journal of Korea Research Association of International Commerce]

• 간기

  격월간

• pISSN

  1738-4354

• 수록기간

  2001~2025

• 등재여부

  KCI 등재

• 십진분류

  KDC 326 DDC 380