Trade openness, economic growth and convergence: Evidence from selected Asian countries
It is argued that countries, which adopt an open economic policy, enjoy faster economic growth than countries which do not, suggesting that "trade openness" can spur economic growth. However, the issue is whether the positive impact of trade openness to economic growth varies across countr...
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| Format: | Article |
| Language: | English |
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Universiti Utara Malaysia
2005
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| Online Access: | https://repo.uum.edu.my/id/eprint/2927/1/mmj9125.pdf |
| _version_ | 1825740057851461632 |
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| author | Abd Karim, Mohd Zaini |
| author_facet | Abd Karim, Mohd Zaini |
| author_sort | Abd Karim, Mohd Zaini |
| collection | UUM |
| description | It is argued that countries, which adopt an open economic policy, enjoy faster economic growth than countries which do not, suggesting that "trade openness" can spur economic growth. However, the issue is whether the positive impact of trade openness to economic growth varies across countries. Hence, the objective of this paper is to determine whether the effect of openness to trade on economic growth varies across the region in Asia. To achieve this objective, panel data regressions were employed to estimate the growth equation. Empirical result indicated that "trade openness" does have a positive effect on economic growth and the marginal benefit from improved openness is somewhat higher for East Asian Economies relative to other Asian economies. |
| first_indexed | 2024-07-04T05:20:29Z |
| format | Article |
| id | uum-2927 |
| institution | Universiti Utara Malaysia |
| language | English |
| last_indexed | 2024-07-04T05:20:29Z |
| publishDate | 2005 |
| publisher | Universiti Utara Malaysia |
| record_format | eprints |
| spelling | uum-29272011-05-12T06:32:32Z https://repo.uum.edu.my/id/eprint/2927/ Trade openness, economic growth and convergence: Evidence from selected Asian countries Abd Karim, Mohd Zaini HB Economic Theory It is argued that countries, which adopt an open economic policy, enjoy faster economic growth than countries which do not, suggesting that "trade openness" can spur economic growth. However, the issue is whether the positive impact of trade openness to economic growth varies across countries. Hence, the objective of this paper is to determine whether the effect of openness to trade on economic growth varies across the region in Asia. To achieve this objective, panel data regressions were employed to estimate the growth equation. Empirical result indicated that "trade openness" does have a positive effect on economic growth and the marginal benefit from improved openness is somewhat higher for East Asian Economies relative to other Asian economies. Universiti Utara Malaysia 2005 Article PeerReviewed application/pdf en https://repo.uum.edu.my/id/eprint/2927/1/mmj9125.pdf Abd Karim, Mohd Zaini (2005) Trade openness, economic growth and convergence: Evidence from selected Asian countries. Malaysian Management Journal, 9 (1 & 2). pp. 55-69. ISSN 0128-6226 http://mmj.uum.edu.my/ |
| spellingShingle | HB Economic Theory Abd Karim, Mohd Zaini Trade openness, economic growth and convergence: Evidence from selected Asian countries |
| title | Trade openness, economic growth and convergence: Evidence from selected Asian countries |
| title_full | Trade openness, economic growth and convergence: Evidence from selected Asian countries |
| title_fullStr | Trade openness, economic growth and convergence: Evidence from selected Asian countries |
| title_full_unstemmed | Trade openness, economic growth and convergence: Evidence from selected Asian countries |
| title_short | Trade openness, economic growth and convergence: Evidence from selected Asian countries |
| title_sort | trade openness economic growth and convergence evidence from selected asian countries |
| topic | HB Economic Theory |
| url | https://repo.uum.edu.my/id/eprint/2927/1/mmj9125.pdf |
| work_keys_str_mv | AT abdkarimmohdzaini tradeopennesseconomicgrowthandconvergenceevidencefromselectedasiancountries |