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- W4386936601 abstract "Economists have argued about the relationship between trade openness and economic growth for a very long time. Despite garnering a lot of attention in the literature for more than a century, we still don't have a satisfying response to this subject. This study aims to examine the relationship between trade openness and GDP growth in the case of OECD countries, in the period from 1988 to 2020. In order to tackle data heterogeneity across countries and to form a robust (outlier resistant) regression, a quantile regression is used. Furthermore, panel dynamic GMM was used due to “more countries than time-period case“. Main findings of the paper validate the hypothesis that trade openness facilitates economic growth. Most of the explanatory variables have been significant in the regression models obtaining predicted signs of the regression coefficients, in accordance with the economic theory. The quantile regression modelling showed discrepancies between different quantiles. For tau equal to 0.25 the value of regression coefficient related to trade openness variable was negative." @default.
- W4386936601 created "2023-09-22" @default.
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- W4386936601 date "2023-08-24" @default.
- W4386936601 modified "2023-10-16" @default.
- W4386936601 title "Trade openness and GDP growth nexus" @default.
- W4386936601 doi "https://doi.org/10.56321/ijmbs.9.14.16" @default.
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