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Effects of Trade Openness, Investment and Population on the Economic Growth: A Case Study of Syria

Author

Listed:
  • Adel Shakeeb Mohsen

    () (School of Social Sciences, Universiti Sains Malaysia)

  • Soo Y. Chua

    (School of Social Sciences, Universiti Sains Malaysia)

Abstract

This study attempts to investigate the role of trade openness, investment and population in the Syrian economy over the period 1980-2010. The cointegration test indicates that GDP is positively and significantly related to the trade openness, investment and population. The Granger causality test indicates bidirectional short-run causality relationships between trade openness, investment, population and GDP. There are also bidirectional long-run causality relationships between investment, population and GDP, and unidirectional long-run causality relationship running from trade openness to GDP. The study result indicates that population has the biggest effect on the GDP, thus we suggest improving the quality of the human capital in the country, as well as improving the investment and opening up the Syrian economy to foreign trade.

Suggested Citation

  • Adel Shakeeb Mohsen & Soo Y. Chua, 2015. "Effects of Trade Openness, Investment and Population on the Economic Growth: A Case Study of Syria," Hyperion Economic Journal, Faculty of Economic Sciences, Hyperion University of Bucharest, Romania, vol. 3(2), pages 14-23, June.
  • Handle: RePEc:hyp:journl:v:3:y:2015:i:2:p:13-23
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    File URL: http://hej.hyperion.ro/articles/2(3)_2015/HEJ%20nr2(3)_2015_A2Mohsen.pdf
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    Cited by:

    1. Sayef Bakari, 2017. "The Three-Way Linkages Between Export, Import And Economic Growth: New Evidence From Tunisia," Journal of Smart Economic Growth, , vol. 2(3), pages 13-53, December.

    More about this item

    Keywords

    Syria; economic growth; trade openness; investment; population; VAR;

    JEL classification:

    • O11 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Macroeconomic Analyses of Economic Development
    • E20 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - General (includes Measurement and Data)

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