Trade Liberalization Policy and Economic Growth in Africa: A Threshold Analysis

نویسندگان

چکیده

This paper use the dynamic growth framework to model relationship between trade liberalization policy and economic of 42 African countries from 1995 2018. Banking on heterogeneity income socioeconomic factor affecting policies in countries, opted for Pooled Mean Group (PMG) technique which is sufficient inference a heterogeneous environment. The result tells that beneficial up certain threshold, beyond it begins cause economy under-heat. Thus, confirmation nonlinear countries. estimates threshold value 139.94% total Trade GDP; 345.32% Export GDP 62.80% Import GDP. These findings champion that, Africa benefit largely trade, openness, export import openness should rover around estimated values. documents conditions required moderate effect

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ژورنال

عنوان ژورنال: International Journal of Research In Business and Social Science

سال: 2022

ISSN: ['2147-4478']

DOI: https://doi.org/10.20525/ijrbs.v11i7.2088