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Openness and economic growth: an empirical investigation

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  • Mohsen Bahmani-Oskooee
  • Farhang Niroomand

Abstract

Unlike previous research that investigated the relation between exports and output, in this paper we assess the long-run relation between the degree of openness and economic growth. For the many countries considered here, we find a positive long-run relation between openness and economic growth.

Suggested Citation

  • Mohsen Bahmani-Oskooee & Farhang Niroomand, 1999. "Openness and economic growth: an empirical investigation," Applied Economics Letters, Taylor & Francis Journals, vol. 6(9), pages 557-561.
    • Handle: RePEc:taf:apeclt:v:6:y:1999:i:9:p:557-561
    DOI: 10.1080/135048599352592
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    Cited by:

    1. Malefane, Malefa R & Odhiambo, Nicholas M, 2018. "Trade openness and economic growth: empirical evidence from Lesotho," Working Papers 23787, University of South Africa, Department of Economics.
    2. Anupam Das & Biru Paksha Paul, 2011. "Openness and growth in emerging Asian economies: Evidence from GMM estimations of a dynamic panel," Economics Bulletin, AccessEcon, vol. 31(3), pages 2219-2228.
    3. Mohammed Aljebrin, 2018. "Non-Oil Trade Openness and Financial Development Impacts on Economic Growth in Saudi Arabia," International Journal of Economics and Financial Issues, Econjournals, vol. 8(5), pages 251-260.
    4. Burçak Polat & Antonio Rodríguez Andrés, 2017. "Trade openness, labour market rigidity and economic growth: A dynamic panel data analysis," The Economic and Labour Relations Review, , vol. 28(4), pages 555-564, December.
    5. Lemmens, Aurélie & Croux, Christophe & Dekimpe, Marnik G., 2008. "Measuring and testing Granger causality over the spectrum: An application to European production expectation surveys," International Journal of Forecasting, Elsevier, vol. 24(3), pages 414-431.
    6. Rami Hodrab & Mansoor Maitah & Smutka Lubo, 2016. "The Effect of Information and Communication Technology on Economic Growth: Arab World Case," International Journal of Economics and Financial Issues, Econjournals, vol. 6(2), pages 765-775.
    7. Iti Vyas, 2020. "Whether the Economic Growth of India is Trade Openness Led?," Eurasian Journal of Economics and Finance, Eurasian Publications, vol. 8(1), pages 38-53.
    8. Epaminondas Panas & George Vamvoukas, 2002. "Further evidence on the Export-Led Growth Hypothesis," Applied Economics Letters, Taylor & Francis Journals, vol. 9(11), pages 731-735.
    9. Yaya Keho, 2017. "The impact of trade openness on economic growth: The case of Cote d’Ivoire," Cogent Economics & Finance, Taylor & Francis Journals, vol. 5(1), pages 1332820-133, January.
    10. Shahbaz, Muhammad, 2012. "Does trade openness affect long run growth? Cointegration, causality and forecast error variance decomposition tests for Pakistan," Economic Modelling, Elsevier, vol. 29(6), pages 2325-2339.
    11. Zohreh Shirani Fakhr & Azita Sheikhbahaie, 2008. "Openness, Growth, and Development: Evidence from a Panel of East Asian Countries," Iranian Economic Review (IER), Faculty of Economics,University of Tehran.Tehran,Iran, vol. 13(2), pages 157-174, fall.
    12. Malefa R. Malefane & Nicholas M. Odhiambo, 2021. "Trade Openness and Economic Growth: Empirical Evidence from Lesotho," Global Business Review, International Management Institute, vol. 22(5), pages 1103-1119, October.
    13. Rathinam Francis Xavier & Raja Angara Viswasundara, 2010. "Law and Availability of Credit: Evidence from India," Asian Journal of Law and Economics, De Gruyter, vol. 1(2), pages 1-26, December.
    14. Luis Quintana-Romero & Nam Kwon Mun & Roldán Andrés-Rosales & José Álvarez-García, 2020. "Trade Complementarity and the Balance of Payments Constraint Hypothesis: A New Free Trade Agreement between Mexico and South Korea," Mathematics, MDPI, vol. 8(10), pages 1-21, October.
    15. Adam Noga & Andrzej K. Koźmiński & Katarzyna Piotrowska & Krzysztof Zagórski, 2022. "Czynniki emocjonalne ograniczające inwestycje w europejskich krajach OECD," Ekonomista, Polskie Towarzystwo Ekonomiczne, issue 2, pages 172-189.
    16. Mehmet Vahit EREN & Ayşe ERGİN-ÜNAL, 2019. "Analysis of the Relationship between Trade Openness and Economic Growth: The Case of Turkey," Sosyoekonomi Journal, Sosyoekonomi Society.
    17. Barbara Vis & Jaap Woldendorp & Hans Keman, 2013. "Examining variation in economic performance using fuzzy-sets," Quality & Quantity: International Journal of Methodology, Springer, vol. 47(4), pages 1971-1989, June.
    18. İsmail Durak & Ergün Eroğlu, 2019. "The Nexus of Economic Growth, Trade Openness and Banking Sector Depth In OIC: An Application of Panel Data Analysis," Alphanumeric Journal, Bahadir Fatih Yildirim, vol. 7(2), pages 205-238, December.
    19. Rudra P. Pradhan & Mak B. Arvin & John H. Hall, 2019. "The Nexus Between Economic Growth, Stock Market Depth, Trade Openness, And Foreign Direct Investment: The Case Of Asean Countries," The Singapore Economic Review (SER), World Scientific Publishing Co. Pte. Ltd., vol. 64(03), pages 461-493, June.

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