Analysis of the Status Quo and Development Trend of Financial Reform in Laos
- 10.2991/seiem-17.2018.119How to use a DOI?
- China, Laos, Financial reform, Economic
This paper selected the economic indicators through 1997-2016 of Laos, carried out ADF test, co-integration test and Granger test, deleted the variables that did not have causality, and then selected the economic variables related to economic growth in Laos and analyzed the trend of development of Laos financial reform.. On this basis, it concludes the savings rate, credit scale and international cooperation which will improve Laos' financial reform and economic growth. As the implementation of the "One Belt, One Road" opening-up policy of China in recent years, the cooperation between China and Laos is becoming increasingly close. This paper suggests that future cooperation may focus on the financial area. It will help to gain mutual benefits.
- © 2018, the Authors. Published by Atlantis Press.
- Open Access
- This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).
Cite this article
TY - CONF AU - Liujie Tang AU - Tong Zhu PY - 2017/12 DA - 2017/12 TI - Analysis of the Status Quo and Development Trend of Financial Reform in Laos BT - Proceedings of the 2017 2nd International Seminar on Education Innovation and Economic Management (SEIEM 2017) PB - Atlantis Press SP - 477 EP - 480 SN - 2352-5398 UR - https://doi.org/10.2991/seiem-17.2018.119 DO - 10.2991/seiem-17.2018.119 ID - Tang2017/12 ER -