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

Author

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  • Adel Shakeeb Mohsen

    (Universiti Sains Malaysia, Malaysia)

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.

Suggested Citation

  • Adel Shakeeb Mohsen, 2015. "Effects of Trade Openness And Economic Growth on the Private Sector Investment in Syria," Journal of Applied Management and Investments, Department of Business Administration and Corporate Security, International Humanitarian University, vol. 4(3), pages 168-176.
    • Handle: RePEc:ods:journl:v:4:y:2015:i:3:p:168-176
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    References listed on IDEAS

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    1. B Ouattara, 2004. "Modelling the Long Run Determinants of Private Investment in Senegal," Economics Discussion Paper Series 0413, Economics, The University of Manchester.
    2. Latifa Fatnassi & Ezzeddine Abaoub, 2012. "Analysis Of The Cross-Country Predictability Via The Study Of Cointegration: The Case Of Six Asian Emerging Markets," Journal of Applied Management and Investments, Department of Business Administration and Corporate Security, International Humanitarian University, vol. 1(4), pages 376-387.
    3. Mihir Dash, 2014. "Granger Causality and the Capital Asset Pricing Model," Journal of Applied Management and Investments, Department of Business Administration and Corporate Security, International Humanitarian University, vol. 3(2), pages 68-73.
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    Cited by:

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