Assessing the Global Drivers of Sustained Economic Development: The Role of Trade Openness, Financial Development, and FDI
Электронный научный архив УРФУ
Информация об архиве | Просмотр оригинала| Поле | Значение | |
| Заглавие |
Assessing the Global Drivers of Sustained Economic Development: The Role of Trade Openness, Financial Development, and FDI
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| Автор |
Radmehr, R.
Ali, E. B. Shayanmehr, S. Saghaian, S. Darbandi, E. Agbozo, E. Sarkodie, S. A. |
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| Тематика |
ECONOMIC GROWTH
FDI FINANCIAL DEVELOPMENT TRADE LIBERALIZATION ASSESSMENT METHOD ECONOMIC DEVELOPMENT ECONOMIC GROWTH FOREIGN DIRECT INVESTMENT SKILLED LABOR TRADE OPENNESS |
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| Описание |
Achieving economic development is one of the most important economic goals of every country. Identifying the determinants of economic growth, is a useful tool for adopting appropriate economic policies. This study, therefore, empirically examines the impact of trade openness, foreign direct investment, and financial development on economic growth, across 62 countries over the period 1995–2016. These countries are divided into two groups: low-income and high-income countries. We employ the pooled mean group (PMG), mean group (MG), and dynamic fixed effect (DFE) estimation techniques on the cross-country panel data. The findings show a positive long run association between trade openness, foreign direct investment (FDI), financial development, labor, government expenditure, and economic growth in low-income countries, with a positive and negative short run effect from capital and government expenditures, respectively. For high-income countries, a positive long run association between trade openness, FDI, capital, and economic growth exist. The short run estimates indicate a positive effect on trade openness and capital as well as a negative effect on government expenditure. Our study shows that the adoption of policies that improves access to skilled labor and international trade, affect the attainment of a sustainable economic development. © 2022 by the authors.
U.S. Department of Agriculture, USDA National Institute of Food and Agriculture, NIFA, (7002927, KY004063) The authors would like to thank the editors and the reviewers. Sayed Saghaian acknowledges the support from the United States Department of Agriculture, National Institute of Food and Agriculture, Hatch project No. KY004063, under accession number 7002927. |
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| Дата |
2024-04-08T11:07:40Z
2024-04-08T11:07:40Z 2022 |
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| Тип |
Article
Journal article (info:eu-repo/semantics/article) Published version (info:eu-repo/semantics/publishedVersion) |
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| Идентификатор |
Radmehr, R, Ali, EB, Shayanmehr, S, Saghaian, S, Darbandi, E, Agbozo, E & Sarkodie, SA 2022, 'Assessing the Global Drivers of Sustained Economic Development: The Role of Trade Openness, Financial Development, and FDI', Sustainability (Switzerland), Том. 14, № 21, 14023. https://doi.org/10.3390/su142114023
Radmehr, R., Ali, E. B., Shayanmehr, S., Saghaian, S., Darbandi, E., Agbozo, E., & Sarkodie, S. A. (2022). Assessing the Global Drivers of Sustained Economic Development: The Role of Trade Openness, Financial Development, and FDI. Sustainability (Switzerland), 14(21), [14023]. https://doi.org/10.3390/su142114023 2071-1050 Final All Open Access; Gold Open Access https://www.mdpi.com/2071-1050/14/21/14023/pdf?version=1666931444 https://www.mdpi.com/2071-1050/14/21/14023/pdf?version=1666931444 http://elar.urfu.ru/handle/10995/131499 10.3390/su142114023 85141875280 000882217400001 |
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| Язык |
en
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| Права |
Open access (info:eu-repo/semantics/openAccess)
cc-by https://creativecommons.org/licenses/by/4.0/ |
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| Формат |
application/pdf
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| Издатель |
MDPI
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| Источник |
Sustainability
Sustainability (Switzerland) |
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