The Relationship Between Trade Openness and Economic Growth in Muslim Countries: An Empirical Investigation

Faqeer Muhammad; Ze Jian

doi:doi:10.11648/j.eco.20160502.11

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The Relationship Between Trade Openness and Economic Growth in Muslim Countries: An Empirical Investigation

Faqeer Muhammad, Ze Jian

Published in Economics (Volume 5, Issue 2)

Received: 10 May 2016 Published: 11 May 2016

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Abstract

This paper studies the association between openness and growth for selected Muslim countries. The rational for conducting this study only on Muslim countries is to explore this relationship among economies having different religion, economic and social characteristics. This paper employed random and fixed effect model (RE & FE). Also, Pedroni and Kao Cointegration test is used to explore the long run relationship between openness and growth. The finding from Pedroni Cointegration test has indicated the long run relationship among variables. However, this long run relationship is absent in Kao Cointegration test. The results of RE and FE model have shown that openness has significant and positive effect on growth. In addition, foreign direct investment, inflation and human capital are also affecting growth in Muslim countries.

Published in	Economics (Volume 5, Issue 2)
DOI	10.11648/j.eco.20160502.11
Page(s)	15-19
Creative Commons	This is an Open Access article, distributed under the terms of the Creative Commons Attribution 4.0 International License (http://creativecommons.org/licenses/by/4.0/), which permits unrestricted use, distribution and reproduction in any medium or format, provided the original work is properly cited.
Copyright	Copyright © The Author(s), 2016. Published by Science Publishing Group

Keywords

Economic Growth, Muslim Countries, Trade Openness, Cointegration, Random Effect, Fixed Effect

References

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APA Style

Faqeer Muhammad, Ze Jian. (2016). The Relationship Between Trade Openness and Economic Growth in Muslim Countries: An Empirical Investigation. Economics, 5(2), 15-19. https://doi.org/10.11648/j.eco.20160502.11

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ACS Style

Faqeer Muhammad; Ze Jian. The Relationship Between Trade Openness and Economic Growth in Muslim Countries: An Empirical Investigation. Economics. 2016, 5(2), 15-19. doi: 10.11648/j.eco.20160502.11

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AMA Style

Faqeer Muhammad, Ze Jian. The Relationship Between Trade Openness and Economic Growth in Muslim Countries: An Empirical Investigation. Economics. 2016;5(2):15-19. doi: 10.11648/j.eco.20160502.11

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@article{10.11648/j.eco.20160502.11,
  author = {Faqeer Muhammad and Ze Jian},
  title = {The Relationship Between Trade Openness and Economic Growth in Muslim Countries: An Empirical Investigation},
  journal = {Economics},
  volume = {5},
  number = {2},
  pages = {15-19},
  doi = {10.11648/j.eco.20160502.11},
  url = {https://doi.org/10.11648/j.eco.20160502.11},
  eprint = {https://article.sciencepublishinggroup.com/pdf/10.11648.j.eco.20160502.11},
  abstract = {This paper studies the association between openness and growth for selected Muslim countries. The rational for conducting this study only on Muslim countries is to explore this relationship among economies having different religion, economic and social characteristics. This paper employed random and fixed effect model (RE & FE). Also, Pedroni and Kao Cointegration test is used to explore the long run relationship between openness and growth. The finding from Pedroni Cointegration test has indicated the long run relationship among variables. However, this long run relationship is absent in Kao Cointegration test. The results of RE and FE model have shown that openness has significant and positive effect on growth. In addition, foreign direct investment, inflation and human capital are also affecting growth in Muslim countries.},
 year = {2016}
}

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TY  - JOUR
T1  - The Relationship Between Trade Openness and Economic Growth in Muslim Countries: An Empirical Investigation
AU  - Faqeer Muhammad
AU  - Ze Jian
Y1  - 2016/05/11
PY  - 2016
N1  - https://doi.org/10.11648/j.eco.20160502.11
DO  - 10.11648/j.eco.20160502.11
T2  - Economics
JF  - Economics
JO  - Economics
SP  - 15
EP  - 19
PB  - Science Publishing Group
SN  - 2376-6603
UR  - https://doi.org/10.11648/j.eco.20160502.11
AB  - This paper studies the association between openness and growth for selected Muslim countries. The rational for conducting this study only on Muslim countries is to explore this relationship among economies having different religion, economic and social characteristics. This paper employed random and fixed effect model (RE & FE). Also, Pedroni and Kao Cointegration test is used to explore the long run relationship between openness and growth. The finding from Pedroni Cointegration test has indicated the long run relationship among variables. However, this long run relationship is absent in Kao Cointegration test. The results of RE and FE model have shown that openness has significant and positive effect on growth. In addition, foreign direct investment, inflation and human capital are also affecting growth in Muslim countries.
VL  - 5
IS  - 2
ER  -

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Author Information

Faqeer Muhammad

School of International Trade and Economics, Jiangxi University of Finance and Economics, Nanchang, China
Ze Jian

School of Industrial Economics, Jiangxi University of Finance and Economics, Nanchang, China

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APA Style

Faqeer Muhammad, Ze Jian. (2016). The Relationship Between Trade Openness and Economic Growth in Muslim Countries: An Empirical Investigation. Economics, 5(2), 15-19. https://doi.org/10.11648/j.eco.20160502.11

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ACS Style

Faqeer Muhammad; Ze Jian. The Relationship Between Trade Openness and Economic Growth in Muslim Countries: An Empirical Investigation. Economics. 2016, 5(2), 15-19. doi: 10.11648/j.eco.20160502.11

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AMA Style

Faqeer Muhammad, Ze Jian. The Relationship Between Trade Openness and Economic Growth in Muslim Countries: An Empirical Investigation. Economics. 2016;5(2):15-19. doi: 10.11648/j.eco.20160502.11

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@article{10.11648/j.eco.20160502.11,
  author = {Faqeer Muhammad and Ze Jian},
  title = {The Relationship Between Trade Openness and Economic Growth in Muslim Countries: An Empirical Investigation},
  journal = {Economics},
  volume = {5},
  number = {2},
  pages = {15-19},
  doi = {10.11648/j.eco.20160502.11},
  url = {https://doi.org/10.11648/j.eco.20160502.11},
  eprint = {https://article.sciencepublishinggroup.com/pdf/10.11648.j.eco.20160502.11},
  abstract = {This paper studies the association between openness and growth for selected Muslim countries. The rational for conducting this study only on Muslim countries is to explore this relationship among economies having different religion, economic and social characteristics. This paper employed random and fixed effect model (RE & FE). Also, Pedroni and Kao Cointegration test is used to explore the long run relationship between openness and growth. The finding from Pedroni Cointegration test has indicated the long run relationship among variables. However, this long run relationship is absent in Kao Cointegration test. The results of RE and FE model have shown that openness has significant and positive effect on growth. In addition, foreign direct investment, inflation and human capital are also affecting growth in Muslim countries.},
 year = {2016}
}

Copy | Download

TY  - JOUR
T1  - The Relationship Between Trade Openness and Economic Growth in Muslim Countries: An Empirical Investigation
AU  - Faqeer Muhammad
AU  - Ze Jian
Y1  - 2016/05/11
PY  - 2016
N1  - https://doi.org/10.11648/j.eco.20160502.11
DO  - 10.11648/j.eco.20160502.11
T2  - Economics
JF  - Economics
JO  - Economics
SP  - 15
EP  - 19
PB  - Science Publishing Group
SN  - 2376-6603
UR  - https://doi.org/10.11648/j.eco.20160502.11
AB  - This paper studies the association between openness and growth for selected Muslim countries. The rational for conducting this study only on Muslim countries is to explore this relationship among economies having different religion, economic and social characteristics. This paper employed random and fixed effect model (RE & FE). Also, Pedroni and Kao Cointegration test is used to explore the long run relationship between openness and growth. The finding from Pedroni Cointegration test has indicated the long run relationship among variables. However, this long run relationship is absent in Kao Cointegration test. The results of RE and FE model have shown that openness has significant and positive effect on growth. In addition, foreign direct investment, inflation and human capital are also affecting growth in Muslim countries.
VL  - 5
IS  - 2
ER  -

Copy | Download