The effect of trade openness on economic growth
Some empirical evidence from emerging market economies
Bibliographic Data
| ID | 12705407 |
|---|---|
| Authors | Chandrashekar Raghutla (0000-0001-9041-3981, Department of Economics, GITAM School of Humanities and Social Sciences, GITAM University Hyderabad, Telangana India, corresponding author) |
| Year | 2020 |
| Volume | 20 |
| Issue | 3 |
| Publication date | 2020-02-24 |
| Peer Reviewed | Yes |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | Journal of Public Affairs (JOURNAL) |
| Journal identifiers | ISSN: 1472-3891 • E-ISSN: 1479-1854 |
| Publisher | Wiley (PUBLISHER • GB) |
| DOI | 10.1002/pa.2081 |
| OpenAlex | W3008587963 |
| Language | EN |
| Citations received | 25 |
| References cited | 23 |
This study investigates the impact of trade openness on economic growth in a panel of five emerging market economies, covering the data period from 1993 to 2016. Based on the panel estimation methods, the empirical results confirm the long‐run relationship among trade openness, economic growth, financial development, inflation, labour force, and technology, whereas the findings of long‐run elasticities show that trade openness has a positive considerable impact on economic growth. Furthermore, the heterogeneous panel non‐causality tests indicate the presence of a bidirectional causality between economic growth and inflation and a unidirectional causality that runs from economic growth to trade openness and economic growth to financial development in the short run. Finally, the findings suggested that trade openness plays a substantial role in promoting economic growth while also promoting economic development in these five emerging market economies
Causality (physics · Econometrics · Economics · Emerging markets · Empirical evidence · Inflation (cosmology · International economics · Macroeconomics · Monetary economics · Openness to experience · Panel data · Economic Growth and Development · Energy, Environment, Economic Growth · Fiscal Policy and Economic Growth
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| Unique citing works | 25 |
|---|---|
| Citations per year | 4,17 |
| Citation span | 2020 - 2026 (7) |
| Citation velocity | current |
| Highly cited | No |
| Citation types | Neutral: 25 |