Effects of Trade Openness And Economic Growth on the Private Sector Investment in Syria

Adel Shakeeb Mohsen
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Adel Shakeeb Mohsen: Universiti Sains Malaysia, Malaysia

Journal of Applied Management and Investments, 2015, vol. 4, issue 3, 168-176

Abstract: This study attempts to investigate the effect of trade openness and economic growth on the private sector investment in Syria over the period 1980-2010. The cointegration test indicates that private sector investment is positively related to the trade openness and GDP. The Granger causality test indicates bidirectional short-run causality relationships between trade openness, GDP and private sector investment. There are also unidirectional long-run causality relationship running from trade openness to private investment, and bidirectional long-run causality relationships between GDP and private investment. The study result indicates that it is vital for the Syrian government to still adopt the economic policy in liberalizing foreign trade and creating an attractive investment climate in order to motivate the private sector investment in the country.

Keywords: Syria; private investment; trade openness; economic growth; vector autoregression (search for similar items in EconPapers)
Date: 2015
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