A review of modern economic literature shows the lack consensus on relationship between trade openness policy and growth countries. There is also an opinion that in emerging resource-rich countries presents more opportunities for development. Is this true, under what conditions does lead to growth? Exploring nature purpose paper. Therefore, economy Azerbaijan, rich hydrocarbon resources, has be...

This paper applies Pedroni's panel cointegration approach to explore the causal relationship between trade openness, carbon dioxide emissions, energy consumption, and economic growth for the panel of newly industrialized economies (i.e., Brazil, India, China, and South Africa) over the period of 1970-2013. Our panel cointegration estimation results found majority of the variables cointegrated a...

This paper applies Pedroni's panel cointegration approach to explore the causal relationship between trade openness, carbon dioxide emissions, energy consumption and economic growth for the panel of newly industrialized economies (i.e. Brazil, India, China and South Africa) over 1 Corresponding author the period of 1970–2013. Our panel cointegration estimation results found majority of the vari...

This paper explores the link which is often neglected in the literature between the industrial structure and the aggregate economic growth in emerging economies (EE) that are implementing an openness trade policy. Based on the Schumpeterian technological paradigm concept, we show the relevance of the technology adoption hypothesis rather than the innovation hypothesis in an EE’s context. We dev...