Trade Openness and Economic Growth: A Study on Asean-6
نویسندگان
چکیده
This paper focuses on examining the nonlinear impact of trade openness (TO) economic growth (EG) in Asean-6 countries (Indonesia, Malaysia, Thailand, Singapore, Philippines, and Vietnam). In order to achieve set research objectives, authors estimate model through fixed-effect panel threshold approach. Unlike previous studies, this finds that there is a TO EG, whereby has two values. Specifically, before first value, plays an important role boosting EG. However, level decreases gradually when exceeds value. particular, exceeding second EG still positive but relatively low The results show if increases high (beyond value) without combining with other complementary policies, does not encourage high-efficiency addition, study also shows positively affected by domestic investment negatively financial crisis. findings are great importance for as well researchers.
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ژورنال
عنوان ژورنال: Economies
سال: 2021
ISSN: ['2227-7099']
DOI: https://doi.org/10.3390/economies9030113