The growth effect of trade openness on African countries: Evidence from using an instrumental variable panel smooth transition model
نویسندگان
چکیده
This paper assesses the relationship between trade openness and economic growth in Africa by accounting for heterogeneity of African countries. In addition, contributes to literature on nexus applying instrumental variable panel smooth transition regression, a methodology that accounts nonlinearity endogeneity two variables. The results empirical analysis reveal investment ratio is channel through which affects continent. varies according degree country's development Africa. study finds negative low-income Conversely, upper-income countries, coefficients indicators are positive statistically significant. indicate countries not homogeneous, especially concerning nexus.
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ژورنال
عنوان ژورنال: Bulletin of Economic Research
سال: 2022
ISSN: ['0307-3378', '1467-8586']
DOI: https://doi.org/10.1111/boer.12360