Evaluating the Impact of Trade Agreements on Economic Growth and Employment in Sierra Leone

Alimamy Kargbo
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Alimamy Kargbo: School of government, University of International Business and Economics (UIBE), Beijing, China.

Journal of Scientific Reports, 2024, vol. 7, issue 1, 257-269

Abstract: This study uses time series data from the World Bank's World Development Indicators from 2013 to 2023 to examine how trade agreements affect Sierra Leone's economic development and job creation. The results, which highlight the significance of foreign direct investment (FDI) in this connection, show a positive correlation between trade agreements and GDP growth using the OLS and PraisWinsten regression techniques. Although trade agreements generally have a favorable effect, high import levels may have a detrimental effect on GDP growth. These results provide important information for policymakers who want to maximize the economic gains from trade agreements while successfully controlling import levels to promote employment and national growth objectives.

Keywords: Trade Agreements; Economic Growth; Sierra Leone; Employment; Foreign Direct Investment (search for similar items in EconPapers)
Date: 2024
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