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Openness, Globalization and Economic Growth: Empirical Evidence from Cote d´Ivoire, 1969-2002

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  • Aka, B.F.

Abstract

The purpose of this paper is to examine the relationships between openness, globalization on economic growth in Côte d’Ivoire which adopted the openness of its economy as the basic way for development at the beginning of its economic history in 1960. Using a three-variable vector autoregressive (VAR) model, we find that the three variables are tied together in the long-run. Although a positive effect of openness on growth is observed in the short-run, both increasing openness and globalisation do not have positively contributed to the long-run economic growth of this country, a finding that is in the opposite of the prediction of the new growth theory about the potential long-run effects of trade on growth.

Suggested Citation

  • Aka, B.F., 2006. "Openness, Globalization and Economic Growth: Empirical Evidence from Cote d´Ivoire, 1969-2002," International Journal of Applied Econometrics and Quantitative Studies, Euro-American Association of Economic Development, vol. 3(2), pages 67-86.
    • Handle: RePEc:eaa:ijaeqs:v:3:y2006:i:2_4
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    Cited by:

    1. Surugiu Marius Razvan & Surugiu Camelia, 2016. "Growth, Trade, Investments and Expenditures: Analysis of the Nexus," EuroEconomica, Danubius University of Galati, issue 2(35), pages 7-16, November.
    2. Christoph Zeiner, 2008. "Selected countries and their global integration: Germany," ifo Schnelldienst, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 61(17), pages 28-31, September.
    3. Farid Ullah & Abdur Rauf & Nasir Rasool, 2014. "Analyzing the Impact of Globalization on Economic Growth," Acta Universitatis Danubius. OEconomica, Danubius University of Galati, issue 10(2), pages 87-99, April.
    4. Altu Kazar & G rkemli Kazar, 2016. "Globalization, Financial Development and Economic Growth," International Journal of Economics and Financial Issues, Econjournals, vol. 6(2), pages 578-587.
    5. Jun Wen & Chun-Ping Chang & Jia-Hsi Weng & Jiliang Liu, 2016. "Globalization And Real Gdp: New Evidence Using Panel Vector Autoregression," The Singapore Economic Review (SER), World Scientific Publishing Co. Pte. Ltd., vol. 61(05), pages 1-34, December.

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    More about this item

    Keywords

    Openness; Globalization; Growth; Cointegration; Causality; Impulse response;
    All these keywords.

    JEL classification:

    • C32 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables - - - Time-Series Models; Dynamic Quantile Regressions; Dynamic Treatment Effect Models; Diffusion Processes; State Space Models
    • F4 - International Economics - - Macroeconomic Aspects of International Trade and Finance

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