Economics, Econometrics and Finance
5 years ago

Trade openness boosts economic growth in Asian countries, study confirms.

International Journal of Economics and Financial Issues
CAUSAL RELATIONSHIP BETWEEN TRADE OPENNESS AND ECONOMIC GROWTH: A PANEL DATA ANALYSIS OF ASIAN COUNTRIES
Khandaker Jahangir Alam, Khairul Kabir Sumon

Paper Summary

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The article examines the relationship between trade openness and economic growth in 15 Asian countries from 1990 to 2017. The researchers used panel data analysis to study how trade openness affects economic growth. They found that there is a positive impact of trade openness on economic growth. The analysis also showed that there is a two-way relationship between economic growth and trade openness.