The impact of trade openness on growth: The case of Kenya

Musila, Jacob; Yiheyis, Zelealem

doi:10.1016/j.jpolmod.2014.12.001

Cited by 175 publications

(124 citation statements)

References 16 publications

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“…They find that trade openness increases economic growth both in the short and long run. Musila and Yiheyis (2015) investigate the case of Kenya and find that trade openness has positive effect on investment ratio but not on the rate of economic growth. Polat et al (2015) find that trade openness impedes economic growth in South Africa.…”

Section: Literature Reviewmentioning

confidence: 99%

“…Other studies contradict the existence of a positive link between trade and economic growth (e.g. Musila & Yiheyis, 2015;Polat, Shahbaz, Rehman, & Satti, 2015;Ulaşan, 2015;Vlastou, 2010). The mixed results from the empirical literature might be attributed to the econometric techniques, the sample of countries, and the indicator used as proxy for trade openness.…”

Section: Introductionmentioning

confidence: 98%

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The impact of trade openness on economic growth: The case of Cote d’Ivoire

Keho

2017

Cogent Economics & Finance

392

193

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Abstract:The relationship between trade openness and economic growth has been extensively investigated yielding to mixed and inconclusive results. This might be attributed to the omission of the role of capital stock and labor in the trade-growth nexus. This paper examines the impact of trade openness on economic growth for Cote d'Ivoire over the period 1965-2014 in a multivariate framework including capital stock, labor and trade openness as regressors. It uses the Autoregressive Distributed Lag bounds test to cointegration and the Toda and Yamamoto Granger causality tests. The results show that trade openness has positive effects on economic growth both in the short and long run. Furthermore, they reveal a positive and strong complementary relationship between trade openness and capital formation in promoting economic growth.

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Section: Literature Reviewmentioning

confidence: 99%

Section: Introductionmentioning

confidence: 98%

The impact of trade openness on economic growth: The case of Cote d’Ivoire

Keho

2017

Cogent Economics & Finance

392

193

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“…Sokvi, Villaverde, and Maza (2015) found a positive relationship between international trade openness and income level in the long run. Fitozová and Zidek (2015), Musila and Yiheyis (2015), Trejos and Barboza (2015), and Polat, Shahhaz, Rehman, and Satti (2015) found a positive relationship between international trade and GDP growth. Gangnon (2016) showed that no significant effect of trade liberalization is obtained either in least developed countries (LDCs) and non-LDCs.…”

Section: Existing Studiesmentioning

confidence: 94%

Openness of the Economy, Diversification, Specialization, and Economic Growth

Kurihara¹,

Fukushima²

2016

JEDS

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This article examines whether openness of the economy promotes production diversification or production specialization and whether or not specialization/diversification spurs economic growth. International trade is important to stabilize and promote economic growth. However, promotion of international trade does not necessarily cause economic growth. This article focuses on the existence empirical patterns of production diversification/specialization between international trade and economic growth. The empirical results show that greater openness of the economy does not always mean the greater economic growth in emerging and developing countries. Economic conditions and market structures related to international trade must be considered carefully to achieve the economic growth.

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“…However, both the theoretical and empirical results are mixed. Most of empirical studies overwhelmingly prove a positive and statistically significant relationship between trade openness and growth [1,2,6]; Others find negative effect of trade openness on economic growth [3]. There is little empirical work on this subject in Ningbo [8].…”

Section: Influence On Economic Growth: Empirical Testmentioning

confidence: 99%

Ningbo International Trade and Its Influence on Economic Growth

Gao¹,

Peng²,

Ma³

2017

Proceedings of the 2016 7th International Conference on Education, Management, Computer and Medicine (EMCM 2016)

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Abstract. As a coastal city, Ningbo is the main force to participate in the one belt and one road initiative. This paper analyzes the current situation of Ningbo international trade in aspect of composition of trade commodity, geographical distribution, the competitiveness of electromechanical and high-tech products. Based on 6 county-level cities panel data during 2005 to 2014, this paper also empirically studies the impact of trade on economic growth. The results demonstrate that Ningbo international trade has increased rapidly since 1985, its export or import market mainly concentrate in developed regions or close to Ningbo city, Ningbo exports labor intensive products and imports technology intensive ones, electromechanical products have stronger competitiveness. The empirical results prove a positive and significant impact of trade on economic growth.

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The impact of trade openness on growth: The case of Kenya

Cited by 175 publications

References 16 publications

The impact of trade openness on economic growth: The case of Cote d’Ivoire

The impact of trade openness on economic growth: The case of Cote d’Ivoire

Openness of the Economy, Diversification, Specialization, and Economic Growth

Ningbo International Trade and Its Influence on Economic Growth

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