Asymmetric openness-growth nexus in 20 highly open OIC countries: Evidence from quantile-on-quantile regression approach

This study analyzes the asymmetric association between trade openness and economic growth in 20 highly open Organization of Islamic Cooperation (OIC) countries. A novel technique, quantile-on-quantile (QQ), is applied by using data for period 1991–2018. The results consider mode how quantiles asymmetrically affect giving an appropriate framework to apprehend overall dependence structure. positive linkage found United Arab Emirates, Malaysia, Suriname, Kuwait, Mauritania, Turkey, Tunisia, Qatar, Brunei, Morocco, Sierra Leone, Bahrain, Libya, Oman, Saudi Arabia Albania. However, there a negative Guinea, Guyana Mozambique. Hence 16 out OIC countries support trade-led hypothesis. These outcomes intimate that intensity openness-growth nexus varies with require individual attention caution governments postulating policies related growth.