AN ANALYSIS FOR THE RELATIONSHIP BETWEEN TRADE OPENNESS AND ECONOMIC GROWTH: EVIDENCE FOR TEN AFRICAN COUNTRIES
Abstract
The empirical results for the relationship between
trade openness and economic growth have long been a debatable matter in
international economics literature. To re-investigate the relationship;
firstly, we analyzed the homogeneity and cross-sectional dependency tests of
the variables to determine appropriate unit roots and cointegration tests. We
use data set includes 10 Africa countries for the period of 1990-2015. We
employ pool mean group estimator (PMG) under the
panel Autoregressive distributed lag (ARDL) model framework. This study
complements existing literature by examining the relation between economic
growth and trade openness using a panel ARDL approach for Africa countries. The
results of PMG model suggest that an increase in trade openness has positive
impact on economic growth in the long run. The evidence of a long-run
relationship between the variables implies the validity of the long-run
openness-led growth hypothesis in selected countries.
Keywords
References
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Details
Primary Language
English
Subjects
-
Journal Section
Conference Paper
Authors
Fatih Mangır
*
SELÇUK ÜNİVERSİTESİ
Türkiye
Esra Kabaklarlı
This is me
SELÇUK ÜNİVERSİTESİ
Türkiye
Fatih Ayhan
BANDIRMA ONYEDİ EYLÜL ÜNİVERSİTESİ
Türkiye
Publication Date
December 31, 2017
Submission Date
December 10, 2017
Acceptance Date
December 28, 2017
Published in Issue
Year 2017 Volume: 15 Number: 1
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