Ouverture intra-régionale et dynamique de la croissance extravertie

Intraregional openness and dynamics of outgoing growth

Hénock Katuala

MPRA Paper from University Library of Munich, Germany

Abstract: It is widely argued that foreign trade is an important determinant of growth. However, empirical research on the link between economic Intraregional openness and economic growth are limited, especially in the context of Central Africa. In addition, recent studies were presented in the work of Edwards (1989) and (1993) and generally conclude that close link between openness and economic growth in countries in transition. Using a dynamic panel model proposed by Arellano and Bond (1991), this article aims to verify the validity of these results in the context of the members countries of the Economic Community of Great Lakes (CECGL) during the period 2002-2018. Our results suggest that international trade influenced positive on economic growth. Econometric estimates made also attesting to this prediction. After some analysis additional robustness these results remain statistically significant. This ultimately leads us to develop the concept of extraverted growth.

Keywords: extraverted growth; Intra-regional Openness; Dynamic Model; CECGL. (search for similar items in EconPapers)
JEL-codes: C33 F15 F18 O47 (search for similar items in EconPapers)
Date: 2020-02-28, Revised 2020-04-10
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