ISSN: IJSB: 2520-4750 (Online), 2521-3040 (Print) JSR : 2708-7085 (online)

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.

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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: 8497
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

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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.

 

 

 

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DOI: https://doi.org/10.58970/IJSB.2206

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