The Effect Of Openness On Economic Growth: Panel Data Analysis

Dublin Core

Title

The Effect Of Openness On Economic Growth: Panel Data Analysis

Author

Mehmet Mercan, Mercan

Abstract

In this study, the effect of openness on economic growth was searched for the most rapidly developing countries(emerging markets)(Brazil,Russia,India,China and Turkey,BRIC-T) via panel data analysis by using the annual data of the period from 1989 to 2010. As openness variable, the proportion of external trade scale to GDP was used. According to empirical evidence derived from the study made with panel data analysis it was found that the effect of openness on economic growth was positive and statistically significant in line with theoretical expectations. Keywords:Trade Openness, Economic Growth, BRIC Countries, Turkey. Jel Codes: E41, F43, G53

Keywords

Conference or Workshop Item
PeerReviewed

Date

2012-05-31

Extent

1322

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