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An Investigation of Openness and Economic Growth Using Panel Estimation

Author

Listed:
  • Pei-Pei Chen

    (Department of Economics, University of Pretoria)

  • Rangan Gupta

    (Department of Economics, University of Pretoria)

Abstract

This paper examines the impact of trade openness on economic growth for the SADC region in Africa over the period of 1990 to 2003. Based on a structure consistent with the endogenous growth theory, we find that trade openness has had a strong positive impact on economic growth in this region over this period. Our results are robust across alternative specifications and methodologies. The study also highlights the role of education in strengthening the effect of openness on sustainable growth, via better absorption of knowledge and technological spillovers from trade liberalization.

Suggested Citation

  • Pei-Pei Chen & Rangan Gupta, 2006. "An Investigation of Openness and Economic Growth Using Panel Estimation," Working Papers 200622, University of Pretoria, Department of Economics.
    • Handle: RePEc:pre:wpaper:200622
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    Citations

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    Cited by:

    1. Saima SARWAR* & M. Wasif SIDDIQI**, 2018. "AN ATTEMPT TO CRYSTALIZE THE BLACK-BOX MYSTERY: Institutional Quality or Constitutional Rights," Pakistan Journal of Applied Economics, Applied Economics Research Centre, vol. 28(1), pages 103-130.
    2. Benos, Nikos & Zotou, Stefania, 2014. "Education and Economic Growth: A Meta-Regression Analysis," World Development, Elsevier, vol. 64(C), pages 669-689.
    3. Marc Audi & Amjad Ali & Razan Al-Masri, 2022. "Determinants of Advancement in Information Communication Technologies and its Prospect under the role of Aggregate and Disaggregate Globalization," Scientific Annals of Economics and Business (continues Analele Stiintifice), Alexandru Ioan Cuza University, Faculty of Economics and Business Administration, vol. 69(2), pages 191-215, June.
    4. A Gopalakrishnan & A Mahalakshmi, 2018. "A Study on Impact of Foreign Trade in India in The Post Liberalisation Era," Shanlax International Journal of Economics, Shanlax Journals, vol. 6(3), pages 1-7, June.
    5. Seleteng, Monaheng & Bittencourt, Manoel & van Eyden, Reneé, 2013. "Non-linearities in inflation–growth nexus in the SADC region: A panel smooth transition regression approach," Economic Modelling, Elsevier, vol. 30(C), pages 149-156.
    6. Chibalamula, Haggai Chibale & Evans, Yeboah & Kachelo, Mukuka & Bamwesigye, Dastan, 2023. "The Effect of Foreign Direct Investment and Trade Openness on Economic Growth: Evidence from Five African Countries," AGRIS on-line Papers in Economics and Informatics, Czech University of Life Sciences Prague, Faculty of Economics and Management, vol. 15(1), January.
    7. Haq, Munshi Masudul, 2008. "Growth and openness: empirical evidence from Bangladesh," MPRA Paper 35732, University Library of Munich, Germany.
    8. Samson Edo, 2024. "Comparative Performance of Trade Openness and Sovereign Debt Accumulation in Fostering Economic Growth of Sub-Saharan African Countries," Foreign Trade Review, , vol. 59(1), pages 98-116, February.
    9. 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.
    10. Ching-Cheng Chang & Michael Mendy, 2012. "Economic growth and openness in Africa: What is the empirical relationship?," Applied Economics Letters, Taylor & Francis Journals, vol. 19(18), pages 1903-1907, December.
    11. Majid Karimzadeh & Behzad Karimzadeh, 2013. "Impact of Trade and Human Capital on Economic Growth of India: An Empirical Analysis," Romanian Economic Journal, Department of International Business and Economics from the Academy of Economic Studies Bucharest, vol. 16(48), pages 201-214, June.

    More about this item

    Keywords

    Trade Openness; Growth; Endogenous Growth Theory;
    All these keywords.

    JEL classification:

    • F15 - International Economics - - Trade - - - Economic Integration
    • H51 - Public Economics - - National Government Expenditures and Related Policies - - - Government Expenditures and Health
    • H52 - Public Economics - - National Government Expenditures and Related Policies - - - Government Expenditures and Education
    • N17 - Economic History - - Macroeconomics and Monetary Economics; Industrial Structure; Growth; Fluctuations - - - Africa; Oceania
    • O47 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Empirical Studies of Economic Growth; Aggregate Productivity; Cross-Country Output Convergence
    • R11 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - Regional Economic Activity: Growth, Development, Environmental Issues, and Changes

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