Literature review on the effect of restrictiveness of trade in services on economic growth
Economic growth is one of the most important objectives of macroeconomic policies of every country in the world. Various factors such as investment in physical capital, investment in human capital, and prudent fiscal and monetary policies, contribute to economic growth. Trade policy is another impo...
| Main Authors: | , , |
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| Format: | Book Section |
| Language: | English |
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Universitas Islam Riau Indonesia
2010
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| Subjects: | |
| Online Access: | https://repo.uum.edu.my/id/eprint/2762/1/ZALILA_OTHMAN.pdf |
| _version_ | 1825740029721313280 |
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| author | Othman, Zalila Mohd Mohaideen, Zalina Ahmad Samidi, Munzarina |
| author_facet | Othman, Zalila Mohd Mohaideen, Zalina Ahmad Samidi, Munzarina |
| author_sort | Othman, Zalila |
| collection | UUM |
| description | Economic growth is one of the most important objectives of
macroeconomic policies of every country in the world. Various factors such as investment in physical capital, investment in human capital, and prudent fiscal and monetary policies, contribute to economic growth. Trade policy is another important factor determining economic growth. Trade openness may influence growth via access to new technologies from abroad. However, external trades have usually been subjected to various tariffs and non-tariffs barriers, erected for various reasons. The quantification of barriers to services trade is one of the most pressing
issues in services trade since barriers to trade in services are mostly nontariffs in nature. Researchers have come up with various indices to measure restrictiveness in services trade. The indices can subsequently be included in a growth regression to show its significance in influencing economic growth rates. This paper will demonstrate that empirically, studies have mostly provide evidence that an outer-oriented or more open economies experienced higher growth rates compared to inward-oriented economies (see Barro, 1991; Dollar, 1992; Edwards, 1992, 1993, 1998; Frankel and Romer, 1999; Sachs and Warner, 1995; among others). |
| first_indexed | 2024-07-04T05:20:01Z |
| format | Book Section |
| id | uum-2762 |
| institution | Universiti Utara Malaysia |
| language | English |
| last_indexed | 2024-07-04T05:20:01Z |
| publishDate | 2010 |
| publisher | Universitas Islam Riau Indonesia |
| record_format | eprints |
| spelling | uum-27622011-05-08T09:10:46Z https://repo.uum.edu.my/id/eprint/2762/ Literature review on the effect of restrictiveness of trade in services on economic growth Othman, Zalila Mohd Mohaideen, Zalina Ahmad Samidi, Munzarina HD Industries. Land use. Labor Economic growth is one of the most important objectives of macroeconomic policies of every country in the world. Various factors such as investment in physical capital, investment in human capital, and prudent fiscal and monetary policies, contribute to economic growth. Trade policy is another important factor determining economic growth. Trade openness may influence growth via access to new technologies from abroad. However, external trades have usually been subjected to various tariffs and non-tariffs barriers, erected for various reasons. The quantification of barriers to services trade is one of the most pressing issues in services trade since barriers to trade in services are mostly nontariffs in nature. Researchers have come up with various indices to measure restrictiveness in services trade. The indices can subsequently be included in a growth regression to show its significance in influencing economic growth rates. This paper will demonstrate that empirically, studies have mostly provide evidence that an outer-oriented or more open economies experienced higher growth rates compared to inward-oriented economies (see Barro, 1991; Dollar, 1992; Edwards, 1992, 1993, 1998; Frankel and Romer, 1999; Sachs and Warner, 1995; among others). Universitas Islam Riau Indonesia 2010 Book Section PeerReviewed application/pdf en https://repo.uum.edu.my/id/eprint/2762/1/ZALILA_OTHMAN.pdf Othman, Zalila and Mohd Mohaideen, Zalina and Ahmad Samidi, Munzarina (2010) Literature review on the effect of restrictiveness of trade in services on economic growth. In: International Seminar, Economic Regional Development, Law and Governance in Malaysia and Indonesia, 7-9 June 2010, Universitas Islam Riau Indonesia. Universitas Islam Riau Indonesia , Pekan Baru, Riau, pp. 1-14. ISBN 9789832078425 |
| spellingShingle | HD Industries. Land use. Labor Othman, Zalila Mohd Mohaideen, Zalina Ahmad Samidi, Munzarina Literature review on the effect of restrictiveness of trade in services on economic growth |
| title | Literature review on the effect of restrictiveness of trade in services on economic growth |
| title_full | Literature review on the effect of restrictiveness of trade in services on economic growth |
| title_fullStr | Literature review on the effect of restrictiveness of trade in services on economic growth |
| title_full_unstemmed | Literature review on the effect of restrictiveness of trade in services on economic growth |
| title_short | Literature review on the effect of restrictiveness of trade in services on economic growth |
| title_sort | literature review on the effect of restrictiveness of trade in services on economic growth |
| topic | HD Industries. Land use. Labor |
| url | https://repo.uum.edu.my/id/eprint/2762/1/ZALILA_OTHMAN.pdf |
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