International trade and economic growth: evidence from a panel ARDL-PMG approach

Bardi, Wajdi; Hfaiedh, Mohamed Ali

doi:10.1007/s10368-021-00507-4

Cited by 10 publications

(4 citation statements)

References 44 publications

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“…However, this is done at the expense of less developed nations' economies. The "pollution haven" theory postulates that wealthier countries outsource environmentally harmful industrial operations to less developed countries where environmental regulations are slack Bardi and Hfaiedh (2021). The main reason for this is that when incomes rise, people prioritize their quality of life and put more pressure on the government to enact regulations that protect the environment.…”

Section: Theoretical Frameworkmentioning

confidence: 99%

Globalization and energy consumption's effect on Japan's ecological imprint: Implications for environmental sustainability

Damak,

Güngör

2023

Sustainable Development

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This research explores the effect of globalization, economic growth, and energy consumption on Japan's ecological imprint using annual time series data from 1990 to 2021. The research used Granger causality tests, autoregressive distributed lag (ARDL), and dynamic ordinary least squares (DOLS). Empirical data shows globalization and non‐renewable energy consumption positively impact Japan's ecological imprint, whereas long‐run renewable energy usage and gross domestic product (GDP) have inverse effects. The short‐run outcome reveals a direct correlation between GDP and ecological imprint but a negative correlation between globalization, renewable energy usage and non‐renewable energy usage on the ecological imprint. DOLS coefficients are insignificant, even if they are negligible at the 5% level; the DOLS results concurred with the long‐term ARDL. Renewable and non‐renewable energy usage have an ecological impact, yet non‐renewable energy usage granger cause the use of renewable energy usage, according to the Granger causality findings. The results also show a causal link between globalization and the adoption of renewable energy.

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Section: Theoretical Frameworkmentioning

confidence: 99%

Globalization and energy consumption's effect on Japan's ecological imprint: Implications for environmental sustainability

Damak,

Güngör

2023

Sustainable Development

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“…The results of the short-term relationship estimation indicated a strong positive relation between exports and domestic investments, and also a negative but statistically irrelevant association amongst imports and exchange rates. Bardi and Hfaiedh (2021) examined the effect of trade openness on the economic growth of Mediterranean countries using the ARDL panel method for eight countries between 1975 and 2016. The findings revealed that economic development and trade openness have a oneway causal relationship.…”

Section: Literaturementioning

confidence: 99%

The Dynamics Affecting the Export-Import Ratio in Turkey: A Hybrid Model Proposal with Econometrics and Machine Learning Approach

Özden¹

2022

jepr

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The indicators related to foreign trade are conventionally measured in a currency or as the ratio of the country's gross domestic products. The ratio of exports to imports, alternatively, provides more useful results when comparing the foreign trade performance of economies both over time and with other countries as a unit-free indicator. In this study, the macroeconomics and financial determinants affecting this ratio are examined both econometrically and using the machine learning method. In this context, the autoregressive distributed lag model method was first used to investigate the relationship between normalized gross domestic products, exchange rate, consumer price index, producer price index, crude oil and Turkey's ratio of exports to imports rate between 2010-2021, monthly. Long-term analysis showed that the 1% depreciation of the Turkish Liras against the US dollar increased the ratio of exports to imports rate by 0.7 points. In addition, a 1% increase in consumer price index will increase ratio of exports to imports by 1.9 points, while a 1% increase in producer price index will cause a -0.8 point decrease on the ratio of exports to imports. Then, the pattern between the variables was analyzed with quadratic support vector machine, a machine learning method. Finally, the novel ARDL-SVM hybrid method was developed, and the pattern between the variables was examined. The findings revealed that although the econometric method provided a broader scope for interpreting the relationships between variables, the developed ARDL-SVM method successfully captured patterns between variables.

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“…Gnangnon (2018) using unbalanced panel datasets for 150 countries from 1995 to 2015, examines the influence of multilateral trade liberalization on economic growth rates however, the findings indicate that multilateral trade liberalization has a large and favorable impact on economic growth. Bardi and Hfaiedh (2021) investigated the impact of trade openness on economic growth using data from 1975 to 2016 and a panel of eight nations. Their findings suggest that merchandized and financial openness do help in promoting economic growth.…”

Section: Kof Indexmentioning

confidence: 99%

“…Prior studies on the globalization and growth nexus have focused on a single dimension of globalization, ignoring the fact that globalization is comprehensive and multifaceted, with multiple impact channels on the economy. Many of them (Sachs et al 1995;Edwards, 1997;Frankel & Romer, 1999;Dollar & Kraay, 2001;Wacziarg & Welch 2008;Bardi & Hfaiedh, 2021) emphasized trade liberalization as a growth engine. Other studies (Pohjola, 2000;Steinmueller, 2001;Draca et al, 2006;Cardona et al, 2013) have focused solely on the impact of other variables on economic growth through ICT or FDI.…”

Section: Kof Indexmentioning

confidence: 99%

An Analysis of Global Integration and Economic Growth Nexus: Evidence from Pakistan

Abbasi

Hussain

Majeed

2022

Journal of Economic Sciences

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The following research examines economic growth potential from the perspective of globalization for Pakistan. The empirical results are estimated using the ARDL model over the period 1970 to 2018. The study reports the time before and after the openness to the world. The country opened up its borders quite late in the 80s. The results demonstrate that, in the short term, globalization negatively affects economic growth, but that, in the long run, it boosts economic growth. Globalization has assisted Pakistan's economic progress since the country opened its borders and economy to the rest of the world, but not to too much extent, what it could. Furthermore, research findings demonstrate that government spending and physical capital improve economic growth, however, inflation has a detrimental impact on Pakistan's economic growth.

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International trade and economic growth: evidence from a panel ARDL-PMG approach

Cited by 10 publications

References 44 publications

Globalization and energy consumption's effect on Japan's ecological imprint: Implications for environmental sustainability

Globalization and energy consumption's effect on Japan's ecological imprint: Implications for environmental sustainability

The Dynamics Affecting the Export-Import Ratio in Turkey: A Hybrid Model Proposal with Econometrics and Machine Learning Approach

An Analysis of Global Integration and Economic Growth Nexus: Evidence from Pakistan

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