scholarly journals The relationship between trade openness and economic growth: Some new insights on the openness measurement issue

World Economy ◽  
2017 ◽  
Vol 41 (1) ◽  
pp. 59-76 ◽  
Author(s):  
Marilyne Huchet-Bourdon ◽  
Chantal Le Mouël ◽  
Mariana Vijil
Keyword(s):  
Economic Growth ◽  
Trade Openness ◽  
Measurement Issue ◽  
The Relationship

ICT Penetration and Economic Growth: An Empirical Analysis of Major Trading Nations

2019 ◽  
Vol 67 (3-4) ◽  
pp. 312-333
Author(s):  
Areej Aftab Siddiqui ◽  
Parul Singh
Keyword(s):  
Economic Growth ◽  
Foreign Direct Investment ◽  
Direct Investment ◽  
Trade Openness ◽  
Principal Component ◽  
Total Trade ◽  
Goods And Services ◽  
Penetration Index ◽  
Endogenous Growth Model ◽  
The Relationship

This study develops an information and communication technology (ICT) penetration index and examines the link between ICT penetration and economic growth, trade openness and foreign direct investment in major trading nations from 2001 to 2018. The nations have been selected based on total trade volume. The ICT penetration index constructed for the major trading nations is based on trade of ICT goods and services, Internet use, mobile and broadband subscriptions using principal component analysis. Based on the new endogenous growth model, co-integration and panel regression are applied to determine the relationship between ICT penetration, trade openness and economic growth. A few other control variables such as financial development and foreign direct investment are also considered to assess the relationship between growth, trade openness and ICT penetration along with cross-country effects. It is seen that there exists a relationship between ICT penetration, economic growth, trade openness and foreign direct investment for the selected countries, with emerging and high-income countries showing a significant relationship between ICT penetration and growth, while countries are focusing on enhancing the role of ICT in trade.

scholarly journals Determinants Of Economic Growth: Evidence From American Countries

2010 ◽  
Vol 9 (5) ◽  
Author(s):  
Hong Zhuang ◽  
Robert St. Juliana
Keyword(s):  
Economic Growth ◽  
Population Growth Rate ◽  
Capital Expenditure ◽  
Empirical Studies ◽  
Trade Openness ◽  
Solow Model ◽  
Per Capita Gdp ◽  
Per Capita ◽  
Determinants Of Economic Growth ◽  
The Relationship

This paper explores determinants of economic growth using variables from traditional Solow model and recent empirical studies. The study covers data on American countries during the period 1995-2006.  The estimates show that per capita, GDP growth is positively related to capital expenditure, primary completion rate and trade openness and the relationship is statistically significant. Furthermore, population growth rate and investment in research and development have positive impacts on economic growth, yet the effects are not significant.

scholarly journals Trade Openness and Economic Growth in Turkey: A Rolling Frequency Domain Analysis

Economies ◽  
2019 ◽  
Vol 7 (2) ◽  
pp. 41 ◽  
Author(s):  
Emrah İ. Çevik ◽  
Erdal Atukeren ◽  
Turhan Korkmaz
Keyword(s):  
Economic Growth ◽  
Frequency Domain ◽  
Trade Openness ◽  
Frequency Domain Analysis ◽  
Causal Relationships ◽  
Causality Test ◽  
Time Period ◽  
The Face ◽  
The Relationship

Taking Turkey’s experience as a case study, this study provides further insights into the evaluation of time-varying Granger-causal relationships in the trade openness and economic performance nexus. We reinvestigated the Granger-causal relationships between trade openness and real economic growth in Turkey for the time period 1950–2014. We employed a rolling version of Breitung and Candelon’s frequency domain Granger-causality test, which allowed us to identify the changes in the nature of the causal relationships overtime. Hence, in the face of different results found in the literature overtime, our study provides a more unified evidence on the relationship between trade openness and real economic growth in Turkey. In addition, we found empirical evidence for the possibility of a distinct temporal ordering in a feedback relationship between trade openness and economic growth. We called this situation “sequential feedback”.

scholarly journals Relationship between Financial Development and Economic Growth: Empirical Evidence in Indonesia

2018 ◽  
Vol 10 (12) ◽  
pp. 37 ◽  
Author(s):  
Hafnida Hasan
Keyword(s):  
Economic Growth ◽  
Empirical Evidence ◽  
Granger Causality ◽  
Financial Development ◽  
Trade Openness ◽  
Government Expenditure ◽  
Long Run ◽  
Push Forward ◽  
Using Data ◽  
The Relationship

The aim of this paper to examine the relationship between financial development and economic growth in Indonesia by using data from 1986 until 2014. Johansen co-integration and Granger causality are utilized to analyze the data. The financial development is measured by the ratio of broad money and other control variables such as trade openness and government expenditure. The finding indicates that there is long run relationship between financial development and economic growth. Meanwhile, a unidirectional relationship had been found, it come from economic growth to financial development. Therefore, a policy to increase economic growth will push forward in proper to improve financial development in Indonesia.

Covariance and Correlation

2018 ◽  
pp. 143-169
Author(s):  
Quan Li
Keyword(s):  
Economic Growth ◽  
Correlation Coefficient ◽  
Null Hypothesis ◽  
Trade Openness ◽  
Marginal Effect ◽  
Confounding Factors ◽  
Null Hypothesis Testing ◽  
Sample Correlation ◽  
The Relationship

This chapter begins with the substantive question of whether trade openness and economic growth are correlated, which motivates both data preparation and statistical analysis. The chapter first illustrates how to get data ready and then demonstrates how to visualize the relationship between two variables using scatter plot. The chapter shows how to use covariance and correlation coefficient to test whether trade openness and economic growth are correlated in the population and to estimate the strength of their correlation. Like in the previous chapter, null hypothesis testing and confidence interval are used for statistical inference. The chapter then demonstrates how to derive and test the sample correlation for each year during the sample period. The problems with the correlation coefficient are that it does not control for other confounding factors of economic growth and that it does not identify the marginal effect of trade on growth.

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