Effect of trade liberalization on economic growth in the panel of ASIAN economies

Imran Ullah; Muhammad Tufail; Muhammad Rafique

doi:10.34260/jbt.v7i1.214

Effect of trade liberalization on economic growth in the panel of ASIAN economies

Imran Ullah, Muhammad Tufail, Muhammad Rafique

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Abstract

The present study has investigated the effects of the trade liberalization on the Economic Growth of ASIAN economies. For the sake of investigation, we took the data from 1985 to 2014 for empirical analysis, which is based on a panel of 34 countries. We have estimated the dynamic panel estimation was performed and for this purpose Generalized Method of Moment (GMM) was used. The findings of the current study have confirmed that the openness impact on the growth of economics is positive. As the openness allow utilization of comparative advantage, diffusion of knowledge, increasing scale of economies, technology transfer and exposure to competition. It is therefore, suggested that government should take prudent steps to further liberalize the trade to gain from trade.

Original language	English
Pages (from-to)	1-12
Number of pages	12
Journal	Journal of Business and Tourism
Volume	7
Issue number	1
DOIs	https://doi.org/10.34260/jbt.v7i1.214
Publication status	Published - 30 Jun 2021
Externally published	Yes

Bibliographical note

Version archived for private and non-commercial use with the permission of the author/s and according to publisher conditions. For further rights please contact the publisher.

Keywords

trade liberalization
Economic growth
ASIAN economies
GMM
trade openness

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10.34260/jbt.v7i1.214Licence: CC BY

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Cite this

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Effect of trade liberalization on economic growth in the panel of ASIAN economies

Abstract

Bibliographical note

Keywords

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