Trade Openness and Growth: Is There Any Link?

Sarkar, Prabirjit

doi:10.2139/ssrn.952151

Cited by 31 publications

(35 citation statements)

References 40 publications

(25 reference statements)

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“…Similarly, a one percent increase in trade openness causes a 0.52 percent increase in real GDP. This finding does not support the evidence provided by Sarkar (2008). Panel B of Table 3 shows the estimate of the short-run dynamics from the ECM representation.…”

Section: Resultscontrasting

confidence: 65%

“…Tsen (2006) finds that economic growth and trade openness exhibit a positive bidirectional causality in China during the 1978-1999 period. Sarkar (2008) uses cross-country panel data of 51 developing countries to examine the relationship between trade openness and economic growth. The results show that only 11 rich and highly trade-dependent countries benefit from trade openness.…”

Section: Introductionmentioning

confidence: 99%

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Temporal Causal Relationship between Stock Market Capitalization, Trade Openness and Real GDP: Evidence from Thailand

Jiranyakul

2014

SSRN Journal

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Abstract:This study examines both short-run and long-run causal relationship between stock market capitalization, trade openness and economic growth in Thailand. Quarterly data over the period from the first quarter of 1993 to the fourth quarter of 2013 are used in the analysis. The results from this study show that there exists a unidirectional long-run causality running from stock market capitalization and trade openness to real GDP. In the short run, an increase in stock market capitalization causes economic growth while an increase in trade openness decreases it and vice versa. Furthermore, there exist short-run bidirectional negative causations between economic growth and trade openness. However, the short-run phenomena are temporary. Based upon the results from this study, policymakers should pay attention to measures that are able to enhance stock market capitalization and trade openness if the long-run target is to achieve high economic growth rate.

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Section: Resultscontrasting

confidence: 65%

Section: Introductionmentioning

confidence: 99%

Temporal Causal Relationship between Stock Market Capitalization, Trade Openness and Real GDP: Evidence from Thailand

Jiranyakul

2014

SSRN Journal

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“…However, their effect on real GDP could be diminished if, as found in Mengistu and Adama (2007), FDI 'crowds-out' domestic investment. The level of real exports is included to capture the effects of export promotion on a developing country's real GDP (Yao 2006;Sarkar 2008) and also measures the degree of integration of a country in the world economy. Foreign aid is another external factor that has also shown to have some effect on economic growth as long as it does not displace domestic savings and investment (Doucouliagos and Paldam 2008;Asteriou 2009;Burke and Ahmadi-Esfahani 2006).…”

Section: Variable Selectionmentioning

confidence: 99%

“…These factors include, export promotion, especially for more developed countries (Yao 2006;Sarkar 2008) and foreign aid. Based on a review of over 100 articles on foreign aid to stimulate developing economies, a significant number of articles suggest that aid does effect economic development, especially for Asian and African countries (Doucouliagos and Paldam 2008;Snowdon 2009).…”

mentioning

confidence: 99%

Correlates of economic growth in developing countries: a panel cointegration approach

Neelankavil

Stevans

Roman

2012

International Review of Applied Economics

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The inflow of foreign direct investment (FDI) has been found to play a crucial role in the economic growth of receiving countries. Using panel cointegration techniques, this perception was found to be mitigated by an empirical approach that yields different results from previous studies. While the growth in real FDI has an influence on real GDP growth across developing countries in the short-run, year-to-year periods, it does not explain real GDP in the long-run. Rather, it appears to be the economic factors internal to a country that have the most influence on real GDP over time: human capital (measured by literacy rates), export trade, and monetary and fiscal policy.

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“…These are Levine (2005), Khan and Senhadji (2003), Hassan and Bashir (2003), Al-Awad and Harb (2005) and Aghion et al (2005Aghion et al ( , 2011. Yanıkkaya (2003), Sarkar (2008). Fischer (1993) andDe Gregorio (1993) and Andres and Hernando (1997) studies showed that there is significant relation between inflation and growth.…”

Section: Introductionmentioning

confidence: 99%

Determinants of Economic Growth for EU-27 Countries and Turkey: An Implementation with Static Panel Model

Pala¹,

Teker²

2014

isader

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ÖzetBu çalışmada, 2000-2011 yıllarına ilişkin EU-27 ülkeleri ve Türkiye için ekonomik büyümeyi etkileyen faktörlerin belirlenmesi amaçlanmıştır. Analizde, gayri safi milli hasıla (GSYİH) büyümesi, nüfus artışı, bankacılık sektörünün yurtiçine sağladığı kredilerinin GSYİH'ye oranı, özel sektör kredilerinin GSYİH'ye oranı, dış ticaret hacminin GSYİH'ye oranı, tüketici enflasyonu ve net tasarrufların Gayri Safi Milli Hasıla (GSMH)'ya oranı değişkenleri kullanılmıştır. Ekonometrik model statik panel veri regresyonu ile tahmin edilmiştir. Model sonuçlarına göre, ekonomik büyüme üzerinde, nüfus artışı, özel sektör kredilerinin GSYİH'ye oranı, net tasarrufların GSMH'ye oranı değişkenleri pozitif yönde etkili iken, tüketici enflasyonu ve bankacılık sektörünün yurtiçine sağladığı kredilerinin GSYİH oranı gibi değişkenler negatif yönde etkilidir.Anahtar kelimeler: Nüfus, enflasyon, finansal gelişmişlik, dışa açıklık, tasarruf, ekonomik büyüme, panel regresyon. AbstractThe aim of this study is to figure out the

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Trade Openness and Growth: Is There Any Link?

Cited by 31 publications

References 40 publications

Temporal Causal Relationship between Stock Market Capitalization, Trade Openness and Real GDP: Evidence from Thailand

Temporal Causal Relationship between Stock Market Capitalization, Trade Openness and Real GDP: Evidence from Thailand

Correlates of economic growth in developing countries: a panel cointegration approach

Determinants of Economic Growth for EU-27 Countries and Turkey: An Implementation with Static Panel Model

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