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Examining How Removing Trade Barriers Have Influenced GDP Growth in Emerging Economies

Author

Listed:
  • Kamaran Qader Yaqub

    (Sulaimani Polytechnic University, Technical College of Administration, Department of Accounting Technique)

  • Dr. Kiran Mustufa

    (Assistant Professor, Department of Economics, Abbottabad University of Science and Technology, Pakistan)

  • Muhammad Fahad Shakoor

    (MBA HRM, Bahauddin Zakariya University Multan, Pakistan)

  • Azka Sarwar

    (MBA, University of Education Lahore, Pakistan)

  • Muhammad Asif

    (Ph.D Scholar, Department of Pakistan Studies, Imperial College of Business Studies Lahore, Pakistan)

Abstract

For each of the 119 countries under consideration this paper constructs a trade barrier index out of tariff data. In situations where such data was unavailable total imports corresponding to the structure of the 6-digit HS classification were retrieved from the UNCTAD TRAINS database. Concerning cross-sectional differences of the generated trade barrier indices, econometric tools have been administrated, including bivariate and multivariate and ANOVA estimations. Thus, in light of the current study, it can be inferred that cross-country derived trade barrier indices are not totally different and are a function of differences in per capita income, population, and literacy rate. This article explains the differences between various trade barrier indices by different product classification levels and uses Pakistan as an example. Besides, comparing the rankings of the trade barrier indices between two countries might not, in fact, mean a comparison between trade barrier indices of different industries.

Suggested Citation

  • Kamaran Qader Yaqub & Dr. Kiran Mustufa & Muhammad Fahad Shakoor & Azka Sarwar & Muhammad Asif, 2024. "Examining How Removing Trade Barriers Have Influenced GDP Growth in Emerging Economies," Bulletin of Business and Economics (BBE), Research Foundation for Humanity (RFH), vol. 13(3), pages 338-344.
    • Handle: RePEc:rfh:bbejor:v:13:y:2024:i:3:p:338-344
    DOI: https://doi.org/10.61506/
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