An Analytical Study on the Impact of Trade Liberalization on the Economic Development

Hualei Chen (), Shuilan Wang, Yixian Lin, Yuzhe Jing, Yuxiu Wei and Zijie Pan
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Hualei Chen: Cheongju University
Shuilan Wang: School of Foreign Language and International Business
Yixian Lin: Belarusian State University
Yuzhe Jing: Kyungil University
Yuxiu Wei: Belarusian State University
Zijie Pan: Belarusian State University

A chapter in Proceedings of the 4th International Conference on Economic Development and Business Culture (ICEDBC 2024), 2024, pp 314-320 from Springer

Abstract: Abstract This research delves into the influence of trade liberalization on the economic progression within a sample of five economies emerging in the market, spanning. Using panel estimation strategies, the study validates a sustained connection among trade liberalization, economic advancement, financial evolution, inflation, workforce, and technology over the long term. Notably, the outcomes of long-term elasticities highlight the significant favorable influence of trade liberalization on economic expansion. Moreover, diverse panel non-causality examinations reveal discern a two-way causality existing between economic development and inflation, along with a singular causality connection from economic expansion to both trade liberalization and financial growth in the brief term. Ultimately, the findings underscore the pivotal role of trade liberalization in fostering economic development and development across these five emerging market economies.

Keywords: Network Economic Platforms; Big Data Analysis; Efficiency in Resource Allocation; Customer Mining; Growth Economy (search for similar items in EconPapers)
Date: 2024
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Persistent link: https://EconPapers.repec.org/RePEc:spr:advbcp:978-94-6463-538-6_37

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DOI: 10.2991/978-94-6463-538-6_37

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