Assessing the nexus between market openness and economic growth: an emerging market perspective

Sana Shawl, Keyur M Nayak and Nissar Yatoo
Additional contact information
Sana Shawl: University of Kashmir, India
Keyur M Nayak: Laxmi Institute of Management, India
Nissar Yatoo: International Open University, India

Theoretical and Applied Economics, 2024, vol. XXXI, issue 3(640), Autumn, 177-186

Abstract: The countries with greater economic freedom are believed to have higher economic progress. Over the last two decades, researchers have focused on the impact of institutional quality on economic development of a country but not much insights are drawn about the individual components of economic freedom. The present study addresses this gap by assessing the impact of market openness on economic growth of the emerging economies, the BRICS bloc for the period 1995-2019 using Feasible Generalized Least Squares method. Our panel data analysis revealed a new evidence suggesting a negative impact of the sub-components of market openness on economic growth.

Keywords: economic freedom; market openness; gross domestic product; panel data; BRICS. (search for similar items in EconPapers)
Date: 2024
References: Add references at CitEc
Citations:

Downloads: (external link)
http://store.ectap.ro/articole/1773.pdf (application/pdf)
http://www.ectap.ro/articol.php?id=1773&rid=156 (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:agr:journl:v:xxxi:y:2024:i:3(640):p:177-186

Access Statistics for this article

Theoretical and Applied Economics is currently edited by Mircea Dinu

More articles in Theoretical and Applied Economics from Asociatia Generala a Economistilor din Romania / Editura Economica Contact information at EDIRC.
Bibliographic data for series maintained by Mircea Dinu ().