Revisión del nexo entre apertura comercial, inversión interna y crecimiento económico: implicaciones políticas contemporáneas para la región MENA
Este estudio investiga el impacto de la apertura comercial en el desempeño económico de países seleccionados de Oriente Medio y África del Norte (MENA, por sus siglas en inglés), al tiempo que incorpora elementos de la inversión nacional en el análisis empírico a raíz de las recientes tendencias ha...
- Autores:
-
Onifade, Stephen Taiwo
Khatir, Abdul Qahar
Ay, Ahmet
Canitez, Murat
- Tipo de recurso:
- Article of investigation
- Fecha de publicación:
- 2022
- Institución:
- Universidad Católica de Colombia
- Repositorio:
- RIUCaC - Repositorio U. Católica
- Idioma:
- eng
- OAI Identifier:
- oai:repository.ucatolica.edu.co:10983/29484
- Acceso en línea:
- https://hdl.handle.net/10983/29484
https://doi.org/10.14718/revfinanzpolitecon.v14.n2.2022.7
- Palabra clave:
- trade openness
domestic investment
labor
FMOLS & DOLS
MENA countries
apertura comercial
inversión nacional
fuerza laboral
FMOLS y DOLS
países MENA
- Rights
- openAccess
- License
- Stephen Taiwo ONIFADE, Abdul Qahar KHATIR, Ahmet AY - 2022
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Revisión del nexo entre apertura comercial, inversión interna y crecimiento económico: implicaciones políticas contemporáneas para la región MENA |
| dc.title.translated.eng.fl_str_mv |
Reviewing the Trade Openness, Domestic Investment, and Economic Growth Nexus: Contemporary Policy Implications for the MENA Region |
| title |
Revisión del nexo entre apertura comercial, inversión interna y crecimiento económico: implicaciones políticas contemporáneas para la región MENA |
| spellingShingle |
Revisión del nexo entre apertura comercial, inversión interna y crecimiento económico: implicaciones políticas contemporáneas para la región MENA trade openness domestic investment labor FMOLS & DOLS MENA countries apertura comercial inversión nacional fuerza laboral FMOLS y DOLS países MENA |
| title_short |
Revisión del nexo entre apertura comercial, inversión interna y crecimiento económico: implicaciones políticas contemporáneas para la región MENA |
| title_full |
Revisión del nexo entre apertura comercial, inversión interna y crecimiento económico: implicaciones políticas contemporáneas para la región MENA |
| title_fullStr |
Revisión del nexo entre apertura comercial, inversión interna y crecimiento económico: implicaciones políticas contemporáneas para la región MENA |
| title_full_unstemmed |
Revisión del nexo entre apertura comercial, inversión interna y crecimiento económico: implicaciones políticas contemporáneas para la región MENA |
| title_sort |
Revisión del nexo entre apertura comercial, inversión interna y crecimiento económico: implicaciones políticas contemporáneas para la región MENA |
| dc.creator.fl_str_mv |
Onifade, Stephen Taiwo Khatir, Abdul Qahar Ay, Ahmet Canitez, Murat |
| dc.contributor.author.spa.fl_str_mv |
Onifade, Stephen Taiwo Khatir, Abdul Qahar Ay, Ahmet Canitez, Murat |
| dc.subject.eng.fl_str_mv |
trade openness domestic investment labor FMOLS & DOLS MENA countries |
| topic |
trade openness domestic investment labor FMOLS & DOLS MENA countries apertura comercial inversión nacional fuerza laboral FMOLS y DOLS países MENA |
| dc.subject.spa.fl_str_mv |
apertura comercial inversión nacional fuerza laboral FMOLS y DOLS países MENA |
| description |
Este estudio investiga el impacto de la apertura comercial en el desempeño económico de países seleccionados de Oriente Medio y África del Norte (MENA, por sus siglas en inglés), al tiempo que incorpora elementos de la inversión nacional en el análisis empírico a raíz de las recientes tendencias hacia la liberalización del comercio entre las naciones. El estudio se basa en un análisis empírico de datos de panel de los países seleccionados mediante las técnicas de regresión del Mínimo Cuadrado Completamente Modificado (FMOLS, por sus siglas en inglés) y el Mínimo Cuadrado Dinámico Ordinario (DOLS, por sus siglas en inglés). Los resultados empíricos afirman la existencia de una relación de largo plazo entre las variables. Sin embargo, si bien la inversión nacional y el tamaño de la fuerza laboral tienen un impacto positivo significativo en el crecimiento económico de estos países, se encontró que la apertura comercial tuvo un impacto negativo en el crecimiento durante el período de estudio. Por lo tanto, se recomienda que se dirijan esfuerzos contundentes hacia inversiones cruciales para mejorar la productividad laboral y las cadenas de valor de producción en las economías nacionales para disuadir o minimizar la tasa de exportación de materias primas primarias. Además, se deben tomar las medidas adecuadas para mejorar el entorno empresarial en general, eliminar los obstáculos comerciales y fortalecer las instituciones de los países de la región para aprovechar los beneficios del comercio en nuestro mundo cada vez más globalizado. |
| publishDate |
2022 |
| dc.date.accessioned.none.fl_str_mv |
2022-06-29 00:00:00 2023-01-23T16:16:31Z |
| dc.date.available.none.fl_str_mv |
2022-06-29 00:00:00 2023-01-23T16:16:31Z |
| dc.date.issued.none.fl_str_mv |
2022-06-29 |
| dc.type.spa.fl_str_mv |
Artículo de revista |
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http://purl.org/coar/resource_type/c_2df8fbb1 |
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http://purl.org/coar/version/c_970fb48d4fbd8a85 |
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Text |
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info:eu-repo/semantics/article |
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Journal article |
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http://purl.org/redcol/resource_type/ART |
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info:eu-repo/semantics/publishedVersion |
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http://purl.org/coar/resource_type/c_2df8fbb1 |
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10.14718/revfinanzpolitecon.v14.n2.2022.7 |
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2011-7663 |
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2248-6046 |
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https://hdl.handle.net/10983/29484 |
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https://doi.org/10.14718/revfinanzpolitecon.v14.n2.2022.7 |
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10.14718/revfinanzpolitecon.v14.n2.2022.7 2011-7663 2248-6046 |
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eng |
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eng |
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https://revfinypolecon.ucatolica.edu.co/article/download/4423/4369 https://revfinypolecon.ucatolica.edu.co/article/download/4423/4323 https://revfinypolecon.ucatolica.edu.co/article/download/4423/4391 |
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Núm. 2 , Año 2022 : Vol. 14 Núm. 2 (2022) |
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512 |
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Revista Finanzas y Política Económica |
| dc.relation.references.eng.fl_str_mv |
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(1994). Perspectives on growth theory. Journal of Economic Perspectives, 8(1), 45-54. Taiwo, S., Alagöz, M., & Erdoğan, S. (2020). Inflation, oil revenue, and monetary policy mix in an oil-dependent economy: empirical insights from the case of Nigeria. International Journal of Business, 7(2), 96-109. https://DOI:10.18488/journal.62.2020.72.96.109 Thirlwall, A. P. (2000). Trade agreements, trade liberalization and economicgrowth: a selective survey. African Development Review, 12(2), 129-160. https://doi.org/10.1111/1467-8268.00020 Ulaşan, B. (2015). Trade openness and economic growth: panel evidence. Applied Economics Letters, 22(2), 163-167. https://doi.org/10.1080/13504851.2014.931914 Yussif, A. R. B., Onifade, S. T., Ay, A., Canitez, M., & Bekun, F. V. (2022). Modeling the volatility of exchange rate and international trade in Ghana: empirical evidence from GARCH and EGARCH. Journal of Economic and Administrative Sciences, 5(32). https://doi.org/10.1108/JEAS-11-2020-0187 |
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Onifade, Stephen Taiwo30500802-160a-40e8-87ab-a2b90757f20e300Khatir, Abdul Qahar7cf9cef8-3065-47e6-beac-292a9a7572a4300Ay, Ahmet9fef05f0-897a-4a2f-8a66-9cfa748168c9300Canitez, Muratc027057b-6224-454e-82a9-cc0c1a3195053002022-06-29 00:00:002023-01-23T16:16:31Z2022-06-29 00:00:002023-01-23T16:16:31Z2022-06-29Este estudio investiga el impacto de la apertura comercial en el desempeño económico de países seleccionados de Oriente Medio y África del Norte (MENA, por sus siglas en inglés), al tiempo que incorpora elementos de la inversión nacional en el análisis empírico a raíz de las recientes tendencias hacia la liberalización del comercio entre las naciones. El estudio se basa en un análisis empírico de datos de panel de los países seleccionados mediante las técnicas de regresión del Mínimo Cuadrado Completamente Modificado (FMOLS, por sus siglas en inglés) y el Mínimo Cuadrado Dinámico Ordinario (DOLS, por sus siglas en inglés). Los resultados empíricos afirman la existencia de una relación de largo plazo entre las variables. Sin embargo, si bien la inversión nacional y el tamaño de la fuerza laboral tienen un impacto positivo significativo en el crecimiento económico de estos países, se encontró que la apertura comercial tuvo un impacto negativo en el crecimiento durante el período de estudio. Por lo tanto, se recomienda que se dirijan esfuerzos contundentes hacia inversiones cruciales para mejorar la productividad laboral y las cadenas de valor de producción en las economías nacionales para disuadir o minimizar la tasa de exportación de materias primas primarias. Además, se deben tomar las medidas adecuadas para mejorar el entorno empresarial en general, eliminar los obstáculos comerciales y fortalecer las instituciones de los países de la región para aprovechar los beneficios del comercio en nuestro mundo cada vez más globalizado.This study researches the impact of trade openness on the economic performances of selected Middle East and North Africa (MENA) countries, while incorporating elements of domestic investments into the empirical analysis in the wake of the recent trends of trade liberalization among nations. The study is based on an empirical analysis of panel data observations from the selected countries within the framework of the Fully Modified Ordinary Least Square (FMOLS) and the Dynamic Ordinary Least Square (DOLS) regression techniques. The empirical results affirm the existence of a long-run relationship among the variables. However, while domestic investment and the size of the labor force significantly impact economic growth in a positive direction among these countries, trade openness was found to be negatively impacting economic growth for the period of the study. It is therefore recommended that cogent effort should be directed towards investments that are crucial for the improvement of labor productivity and the production value chains in the domestic economies to dissuade or minimize the rate of export of raw primary commodities. Also, adequate steps should be taken to improve the overall business environment, remove trade impediments, and strengthen institutions among the countries in the region to harness the benefits of trade in our increasingly globalized world.text/htmlapplication/pdftext/xml10.14718/revfinanzpolitecon.v14.n2.2022.72011-76632248-6046https://hdl.handle.net/10983/29484https://doi.org/10.14718/revfinanzpolitecon.v14.n2.2022.7engUniversidad Católica de Colombiahttps://revfinypolecon.ucatolica.edu.co/article/download/4423/4369https://revfinypolecon.ucatolica.edu.co/article/download/4423/4323https://revfinypolecon.ucatolica.edu.co/article/download/4423/4391Núm. 2 , Año 2022 : Vol. 14 Núm. 2 (2022)512248914Revista Finanzas y Política EconómicaAbbas, S. (2014). Trade liberalization and its economic impact on developing and least developed countries. Journal of International Trade Law and Policy, 13(3). https://doi.org/10.1108/JITLP-06-2013-0018Ahmed, M. (2010). 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Journal of Economic and Administrative Sciences, 5(32). https://doi.org/10.1108/JEAS-11-2020-0187Stephen Taiwo ONIFADE, Abdul Qahar KHATIR, Ahmet AY - 2022info:eu-repo/semantics/openAccesshttp://purl.org/coar/access_right/c_abf2Esta obra está bajo una licencia internacional Creative Commons Atribución-NoComercial-CompartirIgual 4.0.https://creativecommons.org/licenses/by-nc-sa/4.0https://revfinypolecon.ucatolica.edu.co/article/view/4423trade opennessdomestic investmentlaborFMOLS & DOLSMENA countriesapertura comercialinversión nacionalfuerza laboralFMOLS y DOLSpaíses MENARevisión del nexo entre apertura comercial, inversión interna y crecimiento económico: implicaciones políticas contemporáneas para la región MENAReviewing the Trade Openness, Domestic Investment, and Economic Growth Nexus: Contemporary Policy Implications for the MENA RegionArtículo de revistahttp://purl.org/coar/resource_type/c_2df8fbb1http://purl.org/coar/version/c_970fb48d4fbd8a85Textinfo:eu-repo/semantics/articleJournal articlehttp://purl.org/redcol/resource_type/ARTinfo:eu-repo/semantics/publishedVersionPublicationOREORE.xmltext/xml2835https://repository.ucatolica.edu.co/bitstreams/fde65cb9-5fa9-48db-9a39-a13491b7dc53/downloaddef7a2d05c784c16c0ee40f885209589MD5110983/29484oai:repository.ucatolica.edu.co:10983/294842023-03-24 15:42:11.197https://creativecommons.org/licenses/by-nc-sa/4.0Stephen Taiwo ONIFADE, Abdul Qahar KHATIR, Ahmet AY - 2022https://repository.ucatolica.edu.coRepositorio Institucional Universidad Católica de Colombia - RIUCaCbdigital@metabiblioteca.com |