Country Trade Openness and Impact on Economic Growth: A Case of Zambia

Besa Chimbaka
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Besa Chimbaka: Institute of Distance Education University of Zambia

International Journal of Research and Innovation in Social Science, 2024, vol. 8, issue 7, 1063-1069

Abstract: The paper presents a study undertaken to establish the impact of trade openness on economic growth for Zambia. The study applied simple bivariate regression analysis to establish the correlation between economic growth and trade openness. Economic growth was represented by Gross Domestic Product and the trade openness was represented by the total imports and exports of a country in a particular year. The study used secondary data on Zambia’s GDP, Imports and Exports from 1978 to 2021. The regression results show a strong positive correlation between economic growth and the country’s trade openness. Caution should however, be exercised in drawing conclusions because imports and exports (trade) are not the only factors that impact on the country’s economic growth.

Date: 2024
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