The Impact of Trade Openness on Economic Growth: The Case of Ukraine

Ткаленко, Світлана; Duka, Anastasiia; Sukurova, Natalya; Kudyrko, Lіudmyla; Litvin, Natalia

doi:10.1007/978-3-031-10212-7_43

Cited by 2 publications

(2 citation statements)

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“…Over the past three decades, several empirical studies have investigated the impact of trade openness on GDP globally and have obtained positive fndings. Trade openness promotes new technology, ideas, and information in addition to buying and selling products and services [24][25][26][27].…”

Section: Introductionmentioning

confidence: 99%

“…Te international economic, commercial, and fnancial developments that the world is witnessing today have prompted most countries and governments to liberalize their foreign trade, open the capital account, and move towards the market, under the idea that openness or economic integration helps increase productivity, transfer knowledge and technology, and obtain new sources of fnancing investment projects local, in addition to many other privileges [27,28]. Saudi Arabia's economy has fourished a great deal in recent years, establishing that these countries' remarkable growth trajectory can be attributed to fnancial innovation, the development of human capital, nonoil gross capital formation, and nonoil trade openness, all of which have signifcant impacts on its economic growth and policymaking.…”

Section: Introductionmentioning

confidence: 99%

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Investigating Interaction Dynamics among Nonoil Economic Growth and Its Most Important Determinants: Evidence from Saudi Arabia

Al-Abdi,

Badr,

Ali

et al. 2023

Discrete Dynamics in Nature and Society

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Over the past decades, Saudi Arabia’s economic development has strongly depended on oil revenues fueled by the rise of oil prices and the strong global market demands for crude oils. However, the country can no longer depend on oil revenues in the face of the dynamic global market, and hence, the Saudi government’s Vision 2030 seeks to reduce this dependence and diversify the economy’s sources of income. Motivated by this, this study aims to investigate the impact of growth factors: financial innovation (FI), nonoil trade openness (TO), nonoil gross capital formation (GCF), and human capital (CH) development on the nonoil economic growth in Saudi Arabia. The goal of this investigation is to examine the dynamic symmetrical and nonsymmetrical impact of these growth factors on nonoil economic growth and policymaking in Saudi Arabia. To achieve this, this study utilizes the distributed lag symmetric and asymmetric (ARDL and NARD) approaches to assess the short- and long-term symmetric relationships among these growth variables with nonoil economic growth as well as the stationarity, cointegration, and directionality among variables with the theory of “ceteris paribus” in the error correction model (ECM), and Granger causality framework to analyze time-series data from 1980 to 2020. The findings of this study revealed that the FI, TO, GCF, and CH have an impact on the nonoil economic growth in the short and long terms. Additionally, in the long term, the NARDL technique showed that the positive adjustments of HC, FI, TO, and GCF boost the development, which have very significant effects on the nonoil GDP. They also indicate that negative movements have more influence than positive movements in FI. Meanwhile, mixed directional causation results were observed in the short-run analyses. Overall, the findings of this study provide significant insights, empirical recommendations, and implications for policymakers striving to achieve sustainable nonoil trade economic growth in Saudi Arabia and the region.

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Section: Introductionmentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

Investigating Interaction Dynamics among Nonoil Economic Growth and Its Most Important Determinants: Evidence from Saudi Arabia

Al-Abdi,

Badr,

Ali

et al. 2023

Discrete Dynamics in Nature and Society

View full text Add to dashboard Cite

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Tác động của độ mở kinh tế đến phát triển kinh tế Việt Nam

Lê Nguyễn Diệu

2024

JEDVI

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Bài viết nghiên cứu tác động của độ mở kinh tế đến tăng trưởng kinh tế ở Việt Nam giai đoạn 1995 – 2022 bằng phương pháp phân phối trễ tự hồi quy ARDL. Nguồn dữ liệu được thu thập từ cơ sở dữ liệu của Tổng cục thống kê, Ngân hàng thế giới và Trading Economics… Kết quả nghiên cứu chỉ ra rằng, độ mở kinh tế có tác động tích cực đến phát triển kinh tế trong ngắn hạn và dài hạn. Từ kết quả nghiên cứu, bài viết đưa ra một số khuyến nghị gợi mở hàm ý chính sách phù hợp với điều kiện phát triển kinh tế Việt Nam, tận dụng các lợi thế quốc gia, điều tiết thương mại nội địa góp phần ổn định và phát triển thị trường trong nước, hỗ trợ doanh nghiệp trong nước phát triển, định hướng ưu tiên FDI theo các tiêu chí xanh và bền vững, nâng cao năng lực cạnh tranh doanh nghiệp.

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The Impact of Trade Openness on Economic Growth: The Case of Ukraine

Cited by 2 publications

References 3 publications

Investigating Interaction Dynamics among Nonoil Economic Growth and Its Most Important Determinants: Evidence from Saudi Arabia

Investigating Interaction Dynamics among Nonoil Economic Growth and Its Most Important Determinants: Evidence from Saudi Arabia

Tác động của độ mở kinh tế đến phát triển kinh tế Việt Nam

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