Export Expansion Boosts Economic Growth in Asian Countries, Study Finds
This research looked at how government policies in Asian countries affected economic growth and export expansion. By analyzing sectors like export, finance, and government, the study found that liberalization policies improved efficiency and productivity. The results showed that all three sectors - export, finance, and government - play important roles in long-term economic growth. Additionally, both export demand and supply are key factors in export expansion, but exchange rate volatility can have negative effects on export demand. The study used advanced econometrics to ensure the accuracy of the models.