Trade openness and exchange rates key to boosting economic growth!
The study looked at how trade openness and real exchange rates affect economic growth in Middle Eastern and North African countries from 1990 to 2018. They found that combining trade openness and real exchange rates can boost GDP growth. The results showed that in the long run, the interaction between trade openness and real exchange rates has a significant positive impact on economic growth. In the short run, this impact is significantly negative for both positive and negative changes.