The Effect of Openness on Economic Growth for BRIC-T Countries: Panel Data Analysis

In this study, the effect of trade openness on economic growth was searched for the most rapidly developing countries (emerging markets; Brazil, Russia, India, China and Turkey, BRIC-T) via panel data analysis by using the annual data of the period from 1989 to 2010. As trade openness variable, the...

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Bibliographic Details
Published inEurasian journal of business and economics Vol. 6; no. 11; pp. 1 - 14
Main Authors Mehmet MERCAN, Ismet GOCER, Sahin BULUT, Metin DAM
Format Journal Article
LanguageEnglish
Published Ala-Too International University 01.05.2013
Subjects
BRIC Countries
Economic Growth
Trade Openness
Turkey
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Summary:In this study, the effect of trade openness on economic growth was searched for the most rapidly developing countries (emerging markets; Brazil, Russia, India, China and Turkey, BRIC-T) via panel data analysis by using the annual data of the period from 1989 to 2010. As trade openness variable, the rate of external trade (Export+ Import) to GDP was used. According to empirical evidence derived from the study made with panel data analysis it was found that the effect of openness on economic growth was positive, and statistically significant in line with theoretical expectations.
ISSN:1694-5948
1694-5972