This paper explores the causal relationship between economic growth, trade openness and energy consumption using data of 15 Asian countries. The study covers the period of 1980–2011. We have applied panel cointegration and causality approaches to examine the long-run and causal relationship between variables. Empirical results confirm the presence of cointegration between variables. The impact ...

The study investigates how openness influences information and communication technology (ICT) penetration for improved government quality in sub-Saharan Africa for the period 2000-2012. Openness is measured in terms of trade and financial globalisation whereas ICT is proxied with mobile phone and internet penetration rates. Ten bundled and unbundled governance indicators are used. The empirical...

The increase of greenhouse gases (GHG) in which CO2 emissions constitute the principal component, is of major environmental problems of all societies. Economic growth impels intensive use of resources and as a result, more residues and wastes thrown in the nature that could lead to environmental degradation. This article tries to trace the eventual relationship between trade openness and enviro...

This paper considers the question of economic nationalism through the lens of economic openness. Complete economic openness, which connotes close or total integration of a country with that of the world economy, is the antonym of economic nationalism. The paper argues that economic openness is a multi-dimensional concept. A country can be open, or not so open to all or some of the following: tr...

Liberalisation is generally taken to be synonymous with removal of price controls and barriers to trade. In the following paper, the measurement of liberalisation and its impact on economic growth are discussed. The relationship between liberalisation and growth is often studied at the macro-level, but the mechanisms by which liberalisation affects growth are to be found mainly at the micro-lev...

Article history: The study investigates the impact of trade openness on economic growth in the long run. We apply the ARDL Accepted 28 July 2012 bounds testing approach to test for a long run relationship and the augmented production function by incorporating financial development as an additional determinant of economic growth using the framework of

Is globalization conducive to long-run economic growth and development? Almost certainly yes. But as for trade’s impact on long-run political growth and development, here the state of our knowledge lags far behind. This chapter attempts to redress the imbalance. Rather than focus on globalization’s longer-run economic externalities, I highlight the political consequences of openness—e.g., the d...

We find that trade and domestic market size are robust determinants of economic growth over the 1960-1996 period when trade openness is measured as the US dollar value of imports and exports relative to GDP in PPP US$ (“real openness”). When trade openness is measured as the US dollar value of imports and exports relative to GDP in exchange rate US$ (“nominal openness”) however, trade and the s...