Effect of trade openness on economic growth within BRICS countries: an ARDL panel approach

  • Djamal Dekkiche Oran Graduate School of Economics, Oran, Algeria
  • Ouled Brahim Leila Ghardaia University of Economic, Ghardaia, Algeria
Keywords: Economic growth, Trade openness, BRICS countries, ARDL Dynamic Panel model.

Abstract

This paper investigates the connection between trade openness and economic growth in the BRICS countries (Brazil, Russia, India, China, and South Africa) using an autoregressive distributed lag (ARDL) panel approach. The study aims to shed light on the importance of international trade in fostering economic growth, particularly for developing countries. Using a comprehensive panel dataset and advanced econometric techniques, we assess the long-term equilibrium relationship between trade openness and economic growth in the BRICS context. The findings indicate a positive and significant impact of trade openness on economic growth, emphasising the need for policies promoting trade liberalisation and attracting foreign direct investment. This study contributes to the existing literature by offering empirical insights into the specific dynamics of trade openness and economic growth within the BRICS countries.

Published
2024-05-20
How to Cite
Dekkiche, D., & Leila, O. B. (2024). Effect of trade openness on economic growth within BRICS countries: an ARDL panel approach. Anali Ekonomskog Fakulteta U Subotici, 60(51), 105-121. https://doi.org/10.5937/AnEkSub2300028D
Section
Original scientific article