Evaluating the Impact of Trade Agreements on Economic Growth and Employment in Sierra Leone
Author (s)
Alimamy Kargbo
Abstract
This study uses time series data from the World Bank’s World Development Indicators from 2013 to 2023 to examine how trade agreements affect Sierra Leone’s economic development and job creation. The results, which highlight the significance of foreign direct investment (FDI) in this connection, show a positive correlation between trade agreements and GDP growth using the OLS and PraisWinsten regression techniques. Although trade agreements generally have a favorable effect, high import levels may have a detrimental effect on GDP growth. These results provide important information for policymakers who want to maximize the economic gains from trade agreements while successfully controlling import levels to promote employment and national growth objectives.
Key words: Trade Agreements, Economic Growth, Sierra Leone, Employment, Foreign Direct Investment.
| Title: | Evaluating the Impact of Trade Agreements on Economic Growth and Employment in Sierra Leone |
|---|---|
| Author: | Alimamy Kargbo |
| Journal Name: | Journal of Scientific Reports |
| Website: | https://ijsab.com/jsr |
| Publisher | IJSAB International |
| DOI: | https://doi.org/10.58970/JSR.1055 |
| Media: | Online |
| Volume: | 7 |
| Issue: | 1 |
| Acceptance Date: | 09/11/2024 |
| Date of Publication: | 12/11/2024 |
| PDF URL: | https://ijsab.com/wp-content/uploads/1055.pdf |
| Free download: | Available |
| Page: | 257-269 |
| First Page: | 257 |
| Last Page: | 269 |
| Paper Type: | Research Paper |
| Current Status: | Published |
Cite This Article:
Kargbo, A. (2024). Evaluating the Impact of Trade Agreements on Economic Growth and Employment in Sierra Leone, Journal of Scientific Reports, 7(1), 257-269. DOI: https://doi.org/10.58970/JSR.1055
About Author (s)
Alimamy Kargbo, School of government, University of International Business and Economics (UIBE), Beijing, China. ORCID: https://orcid.org/0009-0002-0164-2235
DOI: https://doi.org/10.58970/JSR.1055