The Impact of Trade Openness on Economic Growth in Landlocked Developing Countries
Author (s)
Bolor Khurelchuluun, Liang Cao & Wenshou Yan
Abstract
The argument over trade openness and its relationship to economic growth remains active, predominantly for landlocked countries, notwithstanding the wave of liberalization that has been examined during the previous few decades. It is still unclear how much trade openness influences economic growth in landlocked nations because some recent researchers have identified favorable impacts, while others have found negligible or negative consequences. Using Kazakhstan and Mongolia as case studies, we inspect how trade openness and economic expansion affect developing nations that are landlocked. Employing an Autoregressive Distributed Lag (ARDL) model in this research, we examined the short- and long-term connections between trade openness and economic growth from 1993 to 2021. The outcome demonstrates that trade openness has a favorable Short-term and long-term impact on economic growth in both landlocked emerging nations, namely Kazakhstan and Mongolia.
Keywords: ARDL model, Trade Openness, Economic Growth, Landlocked Developing Countries, Kazakhstan, Mongolia.
| Title: | The Impact of Trade Openness on Economic Growth in Landlocked Developing Countries |
|---|---|
| Author: | Bolor Khurelchuluun, Liang Cao & Wenshou Yan |
| Journal Name: | International Journal of Science and Business |
| Website: | ijsab.com |
| ISSN: | ISSN 2520-4750 (Online), ISSN 2521-3040 (Print) |
| DOI: | https://doi.org/10.58970/IJSB.2206 |
| Media: | Online & Print |
| Volume: | 28 |
| Issue: | 1 |
| Issue publication (Year): | 2023 |
| Acceptance Date: | 10/09/2023 |
| Date of Publication: | 15/09/2023 |
| PDF URL: | https://ijsab.com/wp-content/uploads/2206.pdf |
| Free download: | Available |
| Page: | 84–97 |
| First Page: | 84 |
| Last Page: | 97 |
| Paper Type: | Research paper |
| Current Status: | Published |
Cite This Article:
Bolor Khurelchuluun, Liang Cao & Wenshou Yan (2023). The Impact of Trade Openness on Economic Growth in Landlocked Developing Countries. International Journal of Science and Business, 26(1), 84-97. doi: https://doi.org/10.58970/IJSB.2206
Retrieved from https://ijsab.com/wp-content/uploads/ 2206.pdf
About Author (s)
Bolor Khurelchuluun (Corresponding author), School of Business Administration, Zhongnan University of Economics and Law, Wuhan, China.
Liang Cao, School of Business Administration, Zhongnan University of Economics and Law, Wuhan, China.
Wenshou Yan, School of Business Administration, Zhongnan University of Economics and Law, Wuhan, China.
DOI: https://doi.org/10.58970/IJSB.2206