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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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Main Author: Abd Karim, Mohd Zaini
Format: Article
Language:English
Published: Universiti Utara Malaysia 2005
Subjects:
HB Economic Theory
Online Access:http://repo.uum.edu.my/2927/1/mmj9125.pdf
http://repo.uum.edu.my/2927/
http://mmj.uum.edu.my/
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spelling my.uum.repo.29272011-05-12T06:32:32Z http://repo.uum.edu.my/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 http://repo.uum.edu.my/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/
institution Universiti Utara Malaysia
building UUM Library
collection Institutional Repository
continent Asia
country Malaysia
content_provider Universiti Utara Malaysia
content_source UUM Institutionali Repository
url_provider http://repo.uum.edu.my/
language English
topic HB Economic Theory
spellingShingle HB Economic Theory
Abd Karim, Mohd Zaini
Trade openness, economic growth and convergence: Evidence from selected Asian countries
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.
format Article
author Abd Karim, Mohd Zaini
author_facet Abd Karim, Mohd Zaini
author_sort Abd Karim, Mohd Zaini
title 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_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_sort trade openness, economic growth and convergence: evidence from selected asian countries
publisher Universiti Utara Malaysia
publishDate 2005
url http://repo.uum.edu.my/2927/1/mmj9125.pdf
http://repo.uum.edu.my/2927/
http://mmj.uum.edu.my/
_version_ 1644278367721095168
score 13.211869

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