Konferans Bildirisi
BibTex RIS Kaynak Göster

DOES TRADE OPENNESS CONTRIBUTE TO ECONOMIC GROWTH AND DEVELOPMENT OF MOROCCO?

Yıl 2020, Proceedings of The Third Economics, Business And Organization Research (EBOR) Conference, 443 - 453, 31.12.2020

Öz

This paper examines the dynamic relationship between trade liberalization on economic growth and economic development in the Kingdom of Morocco. Using yearly data obtained from the Federal Reserve Bank of Saint Luis (FRED) for the period of 1960-2018 and employing Granger Causality and an Auto-Regressive Distributed Lag (ARDL) time series model, we analyze the effects of trade openness, economic growth, and economic development. Our results suggest that trade liberalization Granger causes economic growth. Moreover, ARDL results show that trade openness has a statistically significant yet negligibly small impact on economic growth both in the short-run and in the long run. The effect of trade liberalization on economic development is not statistically significant in the short-run and long run.

Kaynakça

  • Ahmed, N. (2003). Trade Liberalization and Endogenous Growth of Manufacturing Industries in Bangladesh: An Empirical Investigation. Applied Economics, 35 (3), 305-314.
  • Andersen, L, & Babula, R. (2006). The Link Between Openness and Long-run Economic Growth. Journal of International Commerce and Economics.
  • Ayad, H, & Belmokaddem, M. (2017). Financial Development, Trade Openness and Economic Growth in MENA Countries: TYDL Panel Causality Approach. Theoretical and Applied Economics, 14 (1), 209-222.
  • Dollar, D, & Kraay, A. (2001). Trade, Growth, and Poverty. World bank, Development Research Group, Macroeconomics and Growth.
  • Eusufzai, Z. (1996). Openness, Economic Growth, and Development. Economic Development and Cultural Change, 44 (2), pp. 333-338.
  • Feder, G. (1983). On Export and Economic Growth. Journal of Development Economics, 12 (2), 59-73. Frankel, J, & Romer, D. (1999). Does Trade Cause Growth? American Economic Review, 89 (3), pp. 379-399.
  • Haouas, A, Al-Shourbagui, M, Rachied, Y. (2014). The Impact of Trade Openness on Economic Growth: Empirical Evidence from the MENA Countries. Development and Economic Policy Journal, 16 (2), 7-36.
  • Jang, J, Y. (2011). The Impact of Bilateral Free Trade Agreements on Bilateral Foreign Direct Investment Among Developed Countries. The World Economy, 34 (9), pp. 1628-1651.
  • Jawadi, F, El Goudi, S, Ftiti, Z, & Kacem, A. (2018). Assessing the Effect of Trade Openness on Health in the MENA Region: a Panel Data Analysis. Open Economies Review, 29, 469-479.
  • Liu, X. (2016). Trade Agreements and Economic Growth. Southern Economic Journal, 82 (4), pp1374-1401.
  • Madsen, J. (2009). Trade Barriers, Openness, and Economic Growth. Southern Economic Journal, 76 (2), 397-418.
  • Mazumdar, K. (1996). An Analysis of Causal Flow Between Social Development and Economic Growth. American Journal of Economics and Sociology, 55 (3), pp. 361-383.
  • Menyah, K, Nazlioglu, S, Wolde-Rufael, Y. (2014). Financial Development, Trade Openness and Economic Growth in African Countries: New Insights from a Panel Causality Approach. Economic Modelling, 37, pp. 386-394.
  • Nourzad, F, & Powell, J. (2003). Openness, Growth, and Development: Evidence from a Panel of Developing Countries. Scientific Journal of Administrative Development, 1 (1), pp. 72-94.
  • Owen, A, & Wu, S. (2007). Is trade Good for Your Health? Review of International Economics, 15 (4), 660-682.
  • Rehman, Z, M, Ali, N, Nasir, N. (2015). Linkage Between Financial Development, Trade Openness, and Economic Growth: Evidence from Saudi Arabia. Journal of Applied Finance & Banking, 5 (6), 127-141.
  • Sun, Z, S, MacIsaac, S, Duclos, B, & Lilly, B, M. (2019). The Effects of Trade Liberalization on Skill Acquisition: A Systematic Review. Journal of International Trade Law and Policy, 18 2), pp. 74-95.
  • Tahir, M, Mazhar, T, & Afridi, M. (2019). Trade Openness and Sectoral Growth in Developing Countries: Some New Insights. Journal of Chinese Economic and Foreign Trade Studies, 12 (2), 90-103.
  • United Nations Development Program, Human Development Report, the 1990-2015 issues. Wacziarg, R, & Welch, K. (2008). Trade Liberalization and Growth: New Evidence. World Bank Economic Review, 22 (2), 187-231.
  • Winters, A, & Martuscelli, A. (2014). Trade Liberalization and Poverty: What Have We Learned in a Decade? Annual Review of Resource Economics, 6, 493-512.
  • Yanikkaya, H. (2003). Trade Openness and Economic Growth: a Cross-country Empirical Investigation. Journal of Development Economics, 72, 57-89.
Yıl 2020, Proceedings of The Third Economics, Business And Organization Research (EBOR) Conference, 443 - 453, 31.12.2020

Öz

Kaynakça

  • Ahmed, N. (2003). Trade Liberalization and Endogenous Growth of Manufacturing Industries in Bangladesh: An Empirical Investigation. Applied Economics, 35 (3), 305-314.
  • Andersen, L, & Babula, R. (2006). The Link Between Openness and Long-run Economic Growth. Journal of International Commerce and Economics.
  • Ayad, H, & Belmokaddem, M. (2017). Financial Development, Trade Openness and Economic Growth in MENA Countries: TYDL Panel Causality Approach. Theoretical and Applied Economics, 14 (1), 209-222.
  • Dollar, D, & Kraay, A. (2001). Trade, Growth, and Poverty. World bank, Development Research Group, Macroeconomics and Growth.
  • Eusufzai, Z. (1996). Openness, Economic Growth, and Development. Economic Development and Cultural Change, 44 (2), pp. 333-338.
  • Feder, G. (1983). On Export and Economic Growth. Journal of Development Economics, 12 (2), 59-73. Frankel, J, & Romer, D. (1999). Does Trade Cause Growth? American Economic Review, 89 (3), pp. 379-399.
  • Haouas, A, Al-Shourbagui, M, Rachied, Y. (2014). The Impact of Trade Openness on Economic Growth: Empirical Evidence from the MENA Countries. Development and Economic Policy Journal, 16 (2), 7-36.
  • Jang, J, Y. (2011). The Impact of Bilateral Free Trade Agreements on Bilateral Foreign Direct Investment Among Developed Countries. The World Economy, 34 (9), pp. 1628-1651.
  • Jawadi, F, El Goudi, S, Ftiti, Z, & Kacem, A. (2018). Assessing the Effect of Trade Openness on Health in the MENA Region: a Panel Data Analysis. Open Economies Review, 29, 469-479.
  • Liu, X. (2016). Trade Agreements and Economic Growth. Southern Economic Journal, 82 (4), pp1374-1401.
  • Madsen, J. (2009). Trade Barriers, Openness, and Economic Growth. Southern Economic Journal, 76 (2), 397-418.
  • Mazumdar, K. (1996). An Analysis of Causal Flow Between Social Development and Economic Growth. American Journal of Economics and Sociology, 55 (3), pp. 361-383.
  • Menyah, K, Nazlioglu, S, Wolde-Rufael, Y. (2014). Financial Development, Trade Openness and Economic Growth in African Countries: New Insights from a Panel Causality Approach. Economic Modelling, 37, pp. 386-394.
  • Nourzad, F, & Powell, J. (2003). Openness, Growth, and Development: Evidence from a Panel of Developing Countries. Scientific Journal of Administrative Development, 1 (1), pp. 72-94.
  • Owen, A, & Wu, S. (2007). Is trade Good for Your Health? Review of International Economics, 15 (4), 660-682.
  • Rehman, Z, M, Ali, N, Nasir, N. (2015). Linkage Between Financial Development, Trade Openness, and Economic Growth: Evidence from Saudi Arabia. Journal of Applied Finance & Banking, 5 (6), 127-141.
  • Sun, Z, S, MacIsaac, S, Duclos, B, & Lilly, B, M. (2019). The Effects of Trade Liberalization on Skill Acquisition: A Systematic Review. Journal of International Trade Law and Policy, 18 2), pp. 74-95.
  • Tahir, M, Mazhar, T, & Afridi, M. (2019). Trade Openness and Sectoral Growth in Developing Countries: Some New Insights. Journal of Chinese Economic and Foreign Trade Studies, 12 (2), 90-103.
  • United Nations Development Program, Human Development Report, the 1990-2015 issues. Wacziarg, R, & Welch, K. (2008). Trade Liberalization and Growth: New Evidence. World Bank Economic Review, 22 (2), 187-231.
  • Winters, A, & Martuscelli, A. (2014). Trade Liberalization and Poverty: What Have We Learned in a Decade? Annual Review of Resource Economics, 6, 493-512.
  • Yanikkaya, H. (2003). Trade Openness and Economic Growth: a Cross-country Empirical Investigation. Journal of Development Economics, 72, 57-89.
Toplam 21 adet kaynakça vardır.

Ayrıntılar

Birincil Dil İngilizce
Konular İşletme
Bölüm Konferans Tam Metin Bildirileri
Yazarlar

Ozcan Ozturk

Noureddine Radouaı Bu kişi benim

Yayımlanma Tarihi 31 Aralık 2020
Yayımlandığı Sayı Yıl 2020 Proceedings of The Third Economics, Business And Organization Research (EBOR) Conference

Kaynak Göster

APA Ozturk, O., & Radouaı, N. (2020). DOES TRADE OPENNESS CONTRIBUTE TO ECONOMIC GROWTH AND DEVELOPMENT OF MOROCCO?. Economics Business and Organization Research443-453.