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Country Trade Openness and Impact on Economic Growth: A Case of Zambia

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  • Besa Chimbaka

    (Institute of Distance Education University of Zambia)

Abstract

The paper presents a study undertaken to establish the impact of trade openness on economic growth for Zambia. The study applied simple bivariate regression analysis to establish the correlation between economic growth and trade openness. Economic growth was represented by Gross Domestic Product and the trade openness was represented by the total imports and exports of a country in a particular year. The study used secondary data on Zambia’s GDP, Imports and Exports from 1978 to 2021. The regression results show a strong positive correlation between economic growth and the country’s trade openness. Caution should however, be exercised in drawing conclusions because imports and exports (trade) are not the only factors that impact on the country’s economic growth.

Suggested Citation

  • Besa Chimbaka, 2024. "Country Trade Openness and Impact on Economic Growth: A Case of Zambia," International Journal of Research and Innovation in Social Science, International Journal of Research and Innovation in Social Science (IJRISS), vol. 8(7), pages 1063-1069, July.
    • Handle: RePEc:bcp:journl:v:8:y:2024:i:7:p:1063-1069
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    References listed on IDEAS

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    1. Piotr Rubaj, 2022. "International Trade as a Key Factor for Sustainable Economic Development," European Research Studies Journal, European Research Studies Journal, vol. 0(4), pages 195-206.
    2. Ashok Parikh, 2002. "Impact of Liberalization, Economic Growth and Trade Policies on Current Accounts of Developing Countries: An Econometric Study," WIDER Working Paper Series DP2002-63, World Institute for Development Economic Research (UNU-WIDER).
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