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Asymmetric openness-growth nexus in 20 highly open OIC countries: Evidence from quantile-on-quantile regression approach
The Journal of International Trade & Economic Development ( IF 2.518 ) Pub Date : 2021-04-27 , DOI: 10.1080/09638199.2021.1916571
Sajid Ali 1, 2 , Zulkornain Yusop 1, 3 , Shivee Ranjanee Kaliappan 1 , Lee Chin 1 , Raima Nazar 4
Affiliation  

This study analyzes the asymmetric association between trade openness and economic growth in 20 highly open Organization of Islamic Cooperation (OIC) countries. A novel technique, quantile-on-quantile (QQ), is applied by using the data for the period 1991–2018. The results consider the mode of how quantiles of trade openness asymmetrically affect the quantiles of economic growth by giving an appropriate framework to apprehend the overall dependence structure. A positive linkage between trade openness and economic growth is found in United Arab Emirates, Malaysia, Suriname, Kuwait, Mauritania, Turkey, Tunisia, Qatar, Brunei, Morocco, Sierra Leone, Bahrain, Libya, Oman, Saudi Arabia and Albania. However, there is a negative association between trade openness and economic growth in Guinea, Guyana and Mozambique. Hence 16 out of 20 OIC countries support the trade-led growth hypothesis. These outcomes intimate that the intensity of asymmetric association in openness-growth nexus varies with countries that require individual attention and caution for governments in postulating the policies related to trade and growth.



中文翻译:

20 个高度开放的 OIC 国家的非对称开放-增长关系:来自分位数对分位数回归方法的证据

本研究分析了 20 个高度开放的伊斯兰合作组织 (OIC) 国家的贸易开放度与经济增长之间的不对称关联。通过使用 1991-2018 年期间的数据,应用了一种新技术,分位数对分位数 (QQ)。结果通过给出一个适当的框架来理解整体依赖结构,考虑了贸易开放的分位数如何不对称地影响经济增长的分位数。阿拉伯联合酋长国、马来西亚、苏里南、科威特、毛里塔尼亚、土耳其、突尼斯、卡塔尔、文莱、摩洛哥、塞拉利昂、巴林、利比亚、阿曼、沙特阿拉伯和阿尔巴尼亚发现贸易开放与经济增长之间存在积极联系。然而,几内亚、圭亚那和莫桑比克的贸易开放度与经济增长之间存在负相关。因此,20 个伊斯兰会议组织国家中有 16 个支持贸易带动增长的假设。这些结果表明,开放-增长关系中不对称关联的强度因国家而异,这些国家需要政府在制定与贸易和增长相关的政策时给予个人关注和谨慎。

更新日期:2021-04-27
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