22Apr 2017

THE IMPACT OF TRADE OPENNESS ON ECONOMIC GROTH IN THE MIDDLE EAST AND NORTH AFRICAN COUNTRIES: AN APPLICATION OF THE AUTOREGRESSIVE DISTRIBUTED LAG MODEL.

  • College of Administration &Financial Science - Department of Accounting by IT, Cihan University, Sulaimani, Kurdistan Region Government, Iraq.
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Trade and economic growth in the developing countries has been debated among researchers and economists with the expectation of growth being stimulated; up to date the evidence on its growth enhancing effects is mixed. This study investigates and evaluates changes in economic growth that are likely to result from changes in trade openness such as GDP per capita, import, export and gross capital formation, in the Middle East and North Africa. By using an application of the autoregressive distributed lag model (ARDL). Our results have indicated that trade openness, and exports have a various impact on economic growth in the case of Middle East and North African countries. This suggests that it is possible to stimulate economic growth through an outward-looking strategy of trade expansion. More significantly, the results suggest the importance as well as the need for the Middle East and North African countries to embark on trade policies in order to improve economic growth in the current world economy.

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[Sazan Taher Saeed and Masoud Ali Khalid. (2017); THE IMPACT OF TRADE OPENNESS ON ECONOMIC GROTH IN THE MIDDLE EAST AND NORTH AFRICAN COUNTRIES: AN APPLICATION OF THE AUTOREGRESSIVE DISTRIBUTED LAG MODEL. Int. J. of Adv. Res. 5 (Apr). 55-62] (ISSN 2320-5407). www.journalijar.com

masoud
Cihan University

DOI:

Article DOI: 10.21474/IJAR01/3781      
DOI URL: http://dx.doi.org/10.21474/IJAR01/3781

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