Revisión del nexo entre apertura comercial, inversión interna y crecimiento económico: implicaciones políticas contemporáneas para la región MENA

Revisión del nexo entre apertura comercial, inversión interna y crecimiento económico: implicaciones políticas contemporáneas para la región MENA

Este estudio investiga el impacto de la apertura comercial en el desempeño económico de países seleccionados de Oriente Medio y África del Norte (MENA, por sus siglas en inglés), al tiempo que incorpora elementos de la inversión nacional en el análisis empírico a raíz de las recientes  tendencias hacia la liberalización del comercio entre las naciones. El estudio se basa en un análisis empírico de datos de panel de los países seleccionados mediante las técnicas de regresión del Mínimo Cuadrado  Completamente Modificado (FMOLS, por sus siglas en inglés) y el Mínimo Cuadrado Dinámico Ordinario (DOLS, por sus siglas en inglés). Los resultados empíricos afirman la existencia de una relación de largo plazo entre las  variables. Sin embargo, si b... Ver más

Guardado en:

Revista Finanzas y Política Económica

2248-6046

2011-7663

Onifade, Stephen Taiwo

Canitez, Murat

Ay, Ahmet

Khatir, Abdul Qahar

UNIVERSIDAD CATÓLICA DE COLOMBIA

10.14718/revfinanzpolitecon.v14.n2.2022.7

14

2022-06-29

489

512

Colombia

apertura comercial

países MENA

FMOLS y DOLS

fuerza laboral

inversión nacional

http://purl.org/coar/access_right/c_abf2

info:eu-repo/semantics/openAccess

Esta obra está bajo una licencia internacional Creative Commons Atribución-NoComercial-CompartirIgual 4.0.

Stephen Taiwo ONIFADE, Abdul Qahar KHATIR, Ahmet AY - 2022

id 69b16f95fb0c2deb7f5e249aafcd3ee6
record_format ojs
spelling Revisión del nexo entre apertura comercial, inversión interna y crecimiento económico: implicaciones políticas contemporáneas para la región MENA
apertura comercial
Revista Finanzas y Política Económica
Universidad Católica de Colombia
Núm. 2 , Año 2022 : Vol. 14 Núm. 2 (2022)
2
14
países MENA
FMOLS y DOLS
fuerza laboral
inversión nacional
Artículo de revista
Onifade, Stephen Taiwo
Canitez, Murat
Ay, Ahmet
Khatir, Abdul Qahar
Este estudio investiga el impacto de la apertura comercial en el desempeño económico de países seleccionados de Oriente Medio y África del Norte (MENA, por sus siglas en inglés), al tiempo que incorpora elementos de la inversión nacional en el análisis empírico a raíz de las recientes  tendencias hacia la liberalización del comercio entre las naciones. El estudio se basa en un análisis empírico de datos de panel de los países seleccionados mediante las técnicas de regresión del Mínimo Cuadrado  Completamente Modificado (FMOLS, por sus siglas en inglés) y el Mínimo Cuadrado Dinámico Ordinario (DOLS, por sus siglas en inglés). Los resultados empíricos afirman la existencia de una relación de largo plazo entre las  variables. Sin embargo, si bien la inversión nacional y el tamaño de la fuerza laboral tienen un impacto positivo  significativo en el crecimiento económico de estos países, se encontró que la apertura comercial tuvo un impacto negativo en el crecimiento durante el período de estudio. Por lo tanto, se recomienda que se dirijan esfuerzos contundentes hacia inversiones cruciales para mejorar la productividad laboral y las cadenas de valor de producción en las economías nacionales para disuadir o minimizar la tasa de exportación de materias primas primarias. Además, se deben tomar las medidas adecuadas para mejorar el entorno empresarial en general, eliminar los obstáculos comerciales y fortalecer las instituciones de los países de la región para aprovechar los beneficios del comercio en nuestro mundo cada vez más globalizado.
Ozturk, I., & Acaravci, A., (2010). Testing the export-led growth hypothesis: empirical evidence from Turkey. The Journal of Developing Areas, 44(1), 245-254.
Onifade, S. T., Ay, A., Asongu, S., & Bekun, F. V. (2020b). Revisiting the trade and unemployment nexus: Empirical evidence from the Nigerian economy. Journal of Public Affairs, 20(3), e2053. https://doi.org/10.1002/pa.2053
Onifade, S. T., Çevik, S., Erdoğan, S., Asongu, S., & Bekun, F. V. (2020a). An empirical retrospect of the impacts of government expenditures on economic growth: new evidence from the Nigerian economy. Journal of Economic Structures, 9(1), 6. https://doi.org/10.1186/s40008-020-0186-7
Onifade, S. T., Erdoğan, S., Alagöz, M., & Bekun, F. V. (2021a). Renewables as a pathway to environmental sustainability targets in the era of trade liberalization: Empirical evidence from Turkey and the Caspian countries. Environmental Science and Pollution Research, 28, 41663-41674. https://doi.org/10.1007/s11356-021-13684-1
Onifade, S. T., Gyamfi, B. A., Ilham, H., & Bekun, F. V. (2021b). Re-examining the Roles of Economic Globalization on Environmental Degradation in the E7 Economies: Are Human Capital, Urbanization, and Total Natural Resources Essential Components? Resources Policy, 74, 102435. http://dx.doi.org/10.1016/j.resourpol.2021.102435
Luo, W. (2020). Demography and economic growth: the effect of tax composition. Applied Economics Letters, 27(20), 1629-1634. https://doi.org/10.1080/13504851.2019.1707761
Ozturk, O., & Radouai, N. (2020). Does trade openness contribute to economic growth and development of Morocco? Economics Business and Organization Research, 2020, 443-453. https://dergipark.org.tr/en/download/article-file/1478956
Parikh, A., & Stirbu, C. (2004). Relationship between trade liberalisation, economic growth and trade balance: an econometric investigation. Hamburg Institute of International Economics. https://dx.doi.org/10.2139/ssrn.567065
Pedroni, P. (2000). Fully modified OLS for heterogeneous cointegrated panels. In B. H. Baltagi, T. B. Fomby, & R. Carter Hill (Eds.), Nonstationary Panels, Panel Cointegration, and Dynamic Panels (Advances in Econometrics, Vol. 15, pp. 93-130). Emerald Group Publishing Limited. https://www.emerald.com/insight/content/doi/10.1016/S0731-9053(00)15004-2/full/html
Pedroni, P. (2001). Purchasing power parity tests in cointegrated panels. Review of Economics and Statistics, 83(4), 727-731. https://doi.org/10.1162/003465301753237803
Pedroni, P. (2004). Panel cointegration: Asymptotic and finite sample properties of pooled time series tests with an application to the PPP hypothesis. Econometric Theory, 20(3), 597-625. https://doi.org/10.1017/S0266466604203073
Onifade, S. T., Alola, A. A., Erdoğan, S., & Acet, H. (2021c). Environmental aspect of energy transition and urbanization in the OPEC member states. Environmental Science and Pollution Research, 28(14), 17158-17169. https://doi.org/10.1007/s11356-020-12181-1
Ndikumana, L., & Verick, S. (2008). The linkages between FDI and domestic investment: Unravelling the developmental impact of foreign investment in Sub-Saharan Africa. Development Policy Review, 26(6), 713-726. https://doi.org/10.1111/j.1467-7679.2008.00430.x
Kim, D. H., Lin, S. C., & Suen, Y. B. (2011). Nonlinearity between trade openness and economic development. Review of Development Economics, 15(2), 279-292. https://doi.org/10.1111/j.1467-9361.2011.00608.x
Onifade, S. T. (2022). Retrospecting on resource abundance in leading oil-producing African countries: How valid is the environmental Kuznets curve (EKC) hypothesis in a sectoral composition framework? Environmental Science and Pollution Research. Environmental Science and Pollution Research, 2022. http://dx.doi.org/10.1007/s11356-022-19575-3
Lucas Jr, R. E. (1988). On the mechanics of economic development. Journal of Monetary Economics, 22(1), 3-42. https://doi.org/10.1016/0304-3932(88)90168-7
Narayan, P. K., Narayan, S., Prasad, B. C., & Prasad, A. (2007). Export-led growth hypothesis: evidence from Papua New Guinea and Fiji. Journal of Economic Studies, 34(4). https://doi.org/10.1108/01443580710826380
Musila, J. W., & Yiheyis, Z. (2015). The impact of trade openness on growth: The case of Kenya. Journal of Policy Modeling, 37(2), 342-354. https://doi.org/10.1016/j.jpolmod.2014.12.001
Menyah, K., Nazlioglu, S., & Wolde-Rufael, Y. (2014). Financial development, trade openness and economic growth in African countries: New insights from a panel causality approach. Economic Modelling, 37, 386-394. https://doi.org/10.1016/j.econmod.2013.11.044
Manni, U. H., & Afzal, M. N. I. (2012). Effect of trade liberalization on economic growth of developing countries: A case of Bangladesh economy. Journal of Business Economics and Finance, 1(2), 37-44. https://dergipark.org.tr/en/pub/jbef/issue/32420/360521
Makki, S. S., & Somwaru, A. (2004). Impact of foreign direct investment and trade on economic growth: Evidence from developing countries. American Journal of Agricultural Economics, 86(3), 795-801.
Phillips, P. C., & Moon, H. R. (2000). Nonstationary panel data analysis: An overview of some recent developments. Econometric Reviews, 19(3), 263-286. https://doi.org/10.1080/07474930008800473
Kong, Q., Peng, D., Ni, Y., Jiang, X., & Wang, Z. (2021). Trade openness and economic growth quality of China: Empirical analysis using ARDL model. Finance Research Letters, 38, 101488. https://doi.org/10.1016/j.frl.2020.101488
Krugman, P. R. (1985). Increasing returns and the theory of international trade [Working Paper 1752]. National Bureau of Economic Research. https://www.nber.org/papers/w1752
Lautier, M., & Moreau, F. (2012). An empirical criticism of the “FDI development” convention. Revista de Economia Contemporânea, 16(3), 393-414. https://doi.org/10.1590/S1415-98482012000300002
Philips, P.C., & Perron, P. (1988). Testing for a unit root in time series regression. Biometrika, 75(2), 335-346. https://doi.org/10.1093/biomet/75.2.335
Sabra, M. M. (2016). Government size, country size, openness and economic growth in selected MENA countries. International Journal of Business and Economic Sciences Applied Research (IJBESAR), 9(1), 39-45. https://www.ceeol.com/search/article-detail?id=412518
Pradhan, R. P., Arvin, M. B., & Hall, J. H. (2019). The nexus between economic growth, stock market depth, trade openness, and foreign direct investment: the case of ASEAN countries. The Singapore Economic Review, 64(03), 461-493. https://doi.org/10.1142/S0217590817500175
Thirlwall, A. P. (2000). Trade agreements, trade liberalization and economicgrowth: a selective survey. African Development Review, 12(2), 129-160. https://doi.org/10.1111/1467-8268.00020
Text
http://purl.org/coar/access_right/c_abf2
info:eu-repo/semantics/openAccess
http://purl.org/coar/version/c_970fb48d4fbd8a85
info:eu-repo/semantics/publishedVersion
http://purl.org/redcol/resource_type/ART
http://purl.org/coar/resource_type/c_2df8fbb1
http://purl.org/coar/resource_type/c_6501
info:eu-repo/semantics/article
Yussif, A. R. B., Onifade, S. T., Ay, A., Canitez, M., & Bekun, F. V. (2022). Modeling the volatility of exchange rate and international trade in Ghana: empirical evidence from GARCH and EGARCH. Journal of Economic and Administrative Sciences, 5(32). https://doi.org/10.1108/JEAS-11-2020-0187
Ulaşan, B. (2015). Trade openness and economic growth: panel evidence. Applied Economics Letters, 22(2), 163-167. https://doi.org/10.1080/13504851.2014.931914
Taiwo, S., Alagöz, M., & Erdoğan, S. (2020). Inflation, oil revenue, and monetary policy mix in an oil-dependent economy: empirical insights from the case of Nigeria. International Journal of Business, 7(2), 96-109. https://DOI:10.18488/journal.62.2020.72.96.109
Pradhan, R. P., Arvin, M. B., & Norman, N. R. (2015). A quantitative assessment of the trade openness–economic growth nexus in India. International Journal of Commerce and Management, 15(3), 267-293. https://doi.org/10.1108/IJCoMA-08-2013-0075
Solow, R. M. (1994). Perspectives on growth theory. Journal of Economic Perspectives, 8(1), 45-54.
Söderbom, M., & Teal, F. (2003). Openness and human capital as sources of productivity growth: An empirical investigation. Centre for the Studies of African Economies, University of Oxford. https://www.csae.ox.ac.uk/research
Smith, A. (1776). An inquiry into the nature and causes of the wealth of nations (Vol. 1). W. Strahan and T. Cadell. http://hdl.handle.net /1842/1455
Shrestha, M. B., & Bhatta, G. R. (2018). Selecting appropriate methodological framework for time series data analysis. The Journal of Finance and Data Science, 4(2), 71-89. https://doi.org/10.1016/j.jfds.2017.11.001
Santos-Paulino, A., & Thirlwall, A. P. (2004). The impact of trade liberalisation on exports, imports and the balance of payments of developing countries. The Economic Journal, 114(493), F50-F72. https://doi.org/10.1111/j.0013-0133.2004.00187.x
Kassim, L. (2015). The impact of trade liberalization on export growth and import growth in Sub-Saharan Africa. Regional Integration and Trade in Africa (pp. 47-68). Palgrave Macmillan.
Romer, P. M. (1986). Increasing returns and long-run growth. Journal of Political Economy, 94(5), 1002-1037.
Ricardo, D. (1891). Principles of political economy and taxation. G. Bell and Sons. https://books.google.com.tr/books?id=_Qg-AAAAYAAJ&printsec=frontcover
Rani, R., & Kumar, N. (2019). On the causal dynamics between economic growth, trade openness and gross capital formation: evidence from BRICS countries. Global Business Review, 20(3), 795-812. https://doi.org/10.1177%2F0972150919837079
Pradhan, R. P., Arvin, M., Hall, J. H., Bennett, S. E., & Bahmani, S. (2017a). Financial depth and the trade openness-economic growth nexus: Evidence from cross-country panel data. Journal of Economic and Administrative Sciences, 33(1). https://doi.org/10.1108/JEAS-06-2016-0015
Pradhan, R. P., Arvin, M. B., Hall, J. H., & Norman, N. R. (2017b). ASEAN economic growth, trade openness and banking-sector depth: The nexus. EconomiA, 18(3), 359-379. https://doi.org/10.1016/j.econ.2017.05.002
Pradhan, R. P., Arvin, M. B., Hall, J. H., & Nair, M. (2016). Trade openness, foreign direct investment, and finance-growth nexus in the Eurozone countries. The Journal of International Trade & Economic Development, 26(3), 336-360. https://doi.org/10.1080/09638199.2016.1249392
Keho, Y. (2017). The impact of trade openness on economic growth: The case of Cote d’Ivoire. Cogent Economics & Finance, 5(1), 1332820. https://doi.org/10.1080/23322039.2017.1332820
Hjalmarsson, E., & Österholm, P. (2010). Testing for cointegration using the Johansen methodology when variables are near-integrated: size distortions and partial remedies. Empirical Economics, 39(1), 51-76. https://doi.org/10.1007/s00181-009-0294-6
Joshua, U., Adedoyin, F. F., & Sarkodie, S. A. (2020). Examining the external-factorsled growth hypothesis for the South African economy. Heliyon, 6(5), p.e04009. https://doi.org/10.1016/j.heliyon.2020.e04009
https://revfinypolecon.ucatolica.edu.co/article/view/4423
Alola, A. A., Adebayo, T. S., & Onifade, S. T. (2021). Examining the dynamics of ecological footprint in China with spectral Granger causality and quantile-on-quantile approaches. International Journal of Sustainable Development & World Ecology, 29(3), 263-276. https://doi.org/10.1080/13504509.2021.1990158
Alola, A. A., & Onifade, S. T. (2022). Energy transition and environmental quality prospects in leading emerging economies: The role of environmental-related technological innovation. Sustainable Development, 2022/5/29. https://doi.org/10.1002/sd.2346
Ali, W., & Abdullah, A. (2015). The Impact of Trade Openness on the Economic Growth of Pakistan: 1980-2010. Global Business & Management Research, 7(2). http://www.gbmrjournal.com/pdf/vol.%207%20no.%202/V7N2-15.pdf
Im, K.S., Pesaran, M.H., & Shin, Y. (2003). Testing for unit roots in heterogeneous panels. Journal of Econometrics, 115(1), 53-74. https://doi.org/10.1016/S0304-4076(03)00092-7
Abbas, S. (2014). Trade liberalization and its economic impact on developing and least developed countries. Journal of International Trade Law and Policy, 13(3). https://doi.org/10.1108/JITLP-06-2013-0018
Esta obra está bajo una licencia internacional Creative Commons Atribución-NoComercial-CompartirIgual 4.0.
Stephen Taiwo ONIFADE, Abdul Qahar KHATIR, Ahmet AY - 2022
https://creativecommons.org/licenses/by-nc-sa/4.0
Inglés
text/xml
Arvin, M. B., Pradhan, R. P., & Nair, M. (2021). Uncovering interlinks among ICT connectivity and penetration, trade openness, foreign direct investment, and economic growth: The case of the G-20 countries. Telematics and Informatics, 60, 101567. https://doi.org/10.1016/j.tele.2021.101567
application/pdf
text/html
Journal article
MENA countries
FMOLS & DOLS
labor
domestic investment
trade openness
This study researches the impact of trade openness on the economic performances of selected Middle East and North Africa (MENA) countries, while incorporating elements of domestic investments into the empirical analysis in the wake of the recent trends of trade liberalization among nations. The study is based on an empirical  analysis of panel data observations from the selected countries within the framework of the Fully Modified Ordinary Least Square (FMOLS) and the Dynamic Ordinary  Least Square (DOLS) regression techniques. The empirical results affirm the existence of a long-run relationship among the variables. However, while domestic investment and the size of the labor force significantly impact economic growth in a positive direction among these countries, trade openness was found to be negatively impacting economic growth for the period of the study. It is therefore recommended that cogent effort should be directed towards investments that are crucial for the improvement of labor productivity and the production value chains in the domestic economies to dissuade or minimize the rate of export of raw primary commodities. Also, adequate steps should be taken to improve the overall business environment, remove trade impediments, and strengthen institutions among the countries in the region to harness the benefits of trade in our increasingly globalized world.
Appiah, M., Onifade, S. T., & Gyamfi, B. A. (2022). Building critical infrastructures: Evaluating the roles of governance and institutions in infrastructural developments in Sub-Sahara African countries. Evaluation Review, 46(2). https://doi.org/10.1177%2F0193841X221100370
Ahmed, M. (2010). Trade competitiveness and growth in the MENA region. The Arab World Competitiveness Review, 2010, 23-26. https://www.imf.org/~/media/Websites/IMF/Imported/external/np/vc/2010/_103010pdf.ashx
Bakari, S., & Sofien, T. (2019). The Impact of Trade Openness, Foreign Direct Investment and Domestic Investment on Economic Growth: New Evidence from Asian Developing Countries. https://mpra.ub.uni-muenchen.de/id/eprint/94489
Grossman, G.M., & Helpman, E. (1994). Endogenous innovation in the theory of growth. Journal of Economic Perspectives, 8(1), 23-44.
Hye, Q.M.A., Wizarat, S., & Lau, W.Y. (2013). Trade-led growth hypothesis: An empirical analysis of South Asian countries. Economic Modelling, 35, 654-660. https://doi.org/10.1016/j.econmod.2013.07.040
Hye, Q. M. A., & Lau, W. Y. (2015). Trade openness and economic growth: empirical evidence from India. Journal of Business Economics and Management, 16(1), 188-205. https://doi.org/10.3846/16111699.2012.720587
Huchet-Bourdon, M., Le Mouël, C., & Vijil, M. (2018). The relationship between trade openness and economic growth: Some new insights on the openness measurement issue. The World Economy, 41(1), 59-76. https://doi.org/10.1111/twec.12586
Hossain, T., & Maitra, B. (2020). Monetary policy, trade openness and economic growth in India under monetary-targeting and multiple-indicator approach regimes. Arthaniti: Journal of Economic Theory and Practice, 19(1), 108-124. https://doi. org/10.1177%2F0976747919852859
Reviewing the Trade Openness, Domestic Investment, and Economic Growth Nexus: Contemporary Policy Implications for the MENA Region
Hicham, A.Y.A.D., & Belmokaddem, M. (2017). Financial development, trade openness and economic growth in MENA countries: TYDL panel causality approach. Theoretical and Applied Economics, 24(1 (610), 233-246. http://store.ectap.ro/articole/1259.pdf
Heckscher, G., Heckscher, E.F., & Ohlin, B., (1991). Heckscher-Ohlin trade theory. Mit Press. https://mitpress.mit.edu/books/heckscher-ohlin-trade-theory
Hakan, A., Onifade, S. T., & Savaş, Ç. (2022). Modeling the Impacts of MSMEs’ Contributions to GDP and their Constraints on Unemployment: The Case of African’s Most Populous Country. Studies in Business and Economics, 17(1), 154-170. https://doi. org/10.2478/sbe-2022-0011
Gyamfi, B. A., Onifade, S. T., Nwani, C., & Bekun, F. V. (2021). Accounting for the combined impacts of natural resources rent, income level, and energy consumption on environmental quality of G7 economies: a panel quantile regression approach. Environmental Science and Pollution Research, 29, 2806-2818. https://doi.org/10.1007/s11356-021-15756-8
Gyamfi, B. A., Onifade, S. T., Bekun, F. V., & Altuntaş, M. (2022). Significance of Air Transport to Tourism-Induced Growth Hypothesis in E7 Economies: Exploring the Implications for Environmental Quality. Tourism: An International Interdisciplinary Journal, 70(3), 339-353. https://hrcak.srce.hr/279096
Bal, D. P., Dash, D. P., & Subhasish, B. (2016). The effects of capital formation on economic growth in India: Evidence from ARDL-bound testing approach. Global Business Review, 17(6), 1388-1400. https://doi.org/10.1177%2F0972150916660403
Publication
Balsalobre-Lorente, D., & Leitão, N. C. (2020). The role of tourism, trade, renewable energy use and carbon dioxide emissions on economic growth: evidence of tourismled growth hypothesis in EU-28. Environmental Science and Pollution Research, 27(36), 45883-45896. https://doi.org/10.1007/s11356-020-10375-1
Foster, N., (2008). The impact of trade liberalisation on economic growth: Evidence from a quantile regression analysis. Kyklos, 61(4), 543-567. https://doi.org/10.1111/j.1467-6435.2008.00417.x
Erdoğan, S., Onifade, S. T., Altuntaş, M., & Bekun, F. V. (2022). Synthesizing urbanization and carbon emissions in Africa: how viable is environmental sustainability amid the quest for economic growth in a globalized world? Environmental Science and Pollution Research, 29, 24348-24361. https://doi.org/10.1007/s11356-022-18829-4
Erdogan, S., Okumus, I., & Guzel, A. E. (2020). Revisiting the Environmental Kuznets Curve hypothesis in OECD countries: the role of renewable, non-renewable energy, and oil prices. Environmental Science and Pollution Research, 27(19), 23655-23663. https://doi.org/10.1007/s11356-020-08520-x
Dickey, D.A., & Fuller, W.A. (1979). Distribution of the estimators for autoregressive time series with a unit root. Journal of the American Statistical Association, 74(366a), 427-431. https://doi.org/10.1080/01621459.1979.10482531
Bekun, F. V., Gyamfi, B. A., Onifade, S. T., & Agboola, M. O. (2021). Beyond the environmental Kuznets Curve in E7 economies: Accounting for the combined impactsof institutional quality and renewables. Journal of Cleaner Production, 127924. https://doi.org/10.1016/j.jclepro.2021.127924
Bhatti, N., Aamir, M., Shah, N., Rahpoto, M. S., & Shaikh, F. M. (2011). New growth theories and trade liberalization: Measurement of effects of technology transfer on Pakistan's economy. Modern Applied Science, 5(3), 85. https://doi.org/10.5539/mas.v5n3p85
Burange, L. G., Ranadive, R. R., & Karnik, N. N. (2019). Trade openness and economic growth nexus: A case study of BRICS. Foreign Trade Review, 54(1), 1-15. https://doi.org/10.1177%2F0015732518810902
Çoban, O., Onifade, S. T., Yussif, A. R. B., & Haouas, I. (2020). Reconsidering trade and investment-led growth hypothesis: New evidence from Nigerian economy. Journal of International Studies, 13(3), 98-110. https://doi:10.14254/2071-8330.2020/13-3/7
10.14718/revfinanzpolitecon.v14.n2.2022.7
489
512
https://revfinypolecon.ucatolica.edu.co/article/download/4423/4391
2022-06-29T00:00:00Z
2022-06-29T00:00:00Z
https://doi.org/10.14718/revfinanzpolitecon.v14.n2.2022.7
https://revfinypolecon.ucatolica.edu.co/article/download/4423/4323
https://revfinypolecon.ucatolica.edu.co/article/download/4423/4369
2022-06-29
2011-7663
2248-6046
institution UNIVERSIDAD CATÓLICA DE COLOMBIA
thumbnail https://nuevo.metarevistas.org/UNIVERSIDADCATOLICADECOLOMBIA/logo.png
country_str Colombia
collection Revista Finanzas y Política Económica
title Revisión del nexo entre apertura comercial, inversión interna y crecimiento económico: implicaciones políticas contemporáneas para la región MENA
spellingShingle Revisión del nexo entre apertura comercial, inversión interna y crecimiento económico: implicaciones políticas contemporáneas para la región MENA
Onifade, Stephen Taiwo
Canitez, Murat
Ay, Ahmet
Khatir, Abdul Qahar
apertura comercial
países MENA
FMOLS y DOLS
fuerza laboral
inversión nacional
MENA countries
FMOLS & DOLS
labor
domestic investment
trade openness
title_short Revisión del nexo entre apertura comercial, inversión interna y crecimiento económico: implicaciones políticas contemporáneas para la región MENA
title_full Revisión del nexo entre apertura comercial, inversión interna y crecimiento económico: implicaciones políticas contemporáneas para la región MENA
title_fullStr Revisión del nexo entre apertura comercial, inversión interna y crecimiento económico: implicaciones políticas contemporáneas para la región MENA
title_full_unstemmed Revisión del nexo entre apertura comercial, inversión interna y crecimiento económico: implicaciones políticas contemporáneas para la región MENA
title_sort revisión del nexo entre apertura comercial, inversión interna y crecimiento económico: implicaciones políticas contemporáneas para la región mena
title_eng Reviewing the Trade Openness, Domestic Investment, and Economic Growth Nexus: Contemporary Policy Implications for the MENA Region
description Este estudio investiga el impacto de la apertura comercial en el desempeño económico de países seleccionados de Oriente Medio y África del Norte (MENA, por sus siglas en inglés), al tiempo que incorpora elementos de la inversión nacional en el análisis empírico a raíz de las recientes  tendencias hacia la liberalización del comercio entre las naciones. El estudio se basa en un análisis empírico de datos de panel de los países seleccionados mediante las técnicas de regresión del Mínimo Cuadrado  Completamente Modificado (FMOLS, por sus siglas en inglés) y el Mínimo Cuadrado Dinámico Ordinario (DOLS, por sus siglas en inglés). Los resultados empíricos afirman la existencia de una relación de largo plazo entre las  variables. Sin embargo, si bien la inversión nacional y el tamaño de la fuerza laboral tienen un impacto positivo  significativo en el crecimiento económico de estos países, se encontró que la apertura comercial tuvo un impacto negativo en el crecimiento durante el período de estudio. Por lo tanto, se recomienda que se dirijan esfuerzos contundentes hacia inversiones cruciales para mejorar la productividad laboral y las cadenas de valor de producción en las economías nacionales para disuadir o minimizar la tasa de exportación de materias primas primarias. Además, se deben tomar las medidas adecuadas para mejorar el entorno empresarial en general, eliminar los obstáculos comerciales y fortalecer las instituciones de los países de la región para aprovechar los beneficios del comercio en nuestro mundo cada vez más globalizado.
description_eng This study researches the impact of trade openness on the economic performances of selected Middle East and North Africa (MENA) countries, while incorporating elements of domestic investments into the empirical analysis in the wake of the recent trends of trade liberalization among nations. The study is based on an empirical  analysis of panel data observations from the selected countries within the framework of the Fully Modified Ordinary Least Square (FMOLS) and the Dynamic Ordinary  Least Square (DOLS) regression techniques. The empirical results affirm the existence of a long-run relationship among the variables. However, while domestic investment and the size of the labor force significantly impact economic growth in a positive direction among these countries, trade openness was found to be negatively impacting economic growth for the period of the study. It is therefore recommended that cogent effort should be directed towards investments that are crucial for the improvement of labor productivity and the production value chains in the domestic economies to dissuade or minimize the rate of export of raw primary commodities. Also, adequate steps should be taken to improve the overall business environment, remove trade impediments, and strengthen institutions among the countries in the region to harness the benefits of trade in our increasingly globalized world.
author Onifade, Stephen Taiwo
Canitez, Murat
Ay, Ahmet
Khatir, Abdul Qahar
author_facet Onifade, Stephen Taiwo
Canitez, Murat
Ay, Ahmet
Khatir, Abdul Qahar
topicspa_str_mv apertura comercial
países MENA
FMOLS y DOLS
fuerza laboral
inversión nacional
topic apertura comercial
países MENA
FMOLS y DOLS
fuerza laboral
inversión nacional
MENA countries
FMOLS & DOLS
labor
domestic investment
trade openness
topic_facet apertura comercial
países MENA
FMOLS y DOLS
fuerza laboral
inversión nacional
MENA countries
FMOLS & DOLS
labor
domestic investment
trade openness
citationvolume 14
citationissue 2
citationedition Núm. 2 , Año 2022 : Vol. 14 Núm. 2 (2022)
publisher Universidad Católica de Colombia
ispartofjournal Revista Finanzas y Política Económica
source https://revfinypolecon.ucatolica.edu.co/article/view/4423
language Inglés
format Article
rights http://purl.org/coar/access_right/c_abf2
info:eu-repo/semantics/openAccess
Esta obra está bajo una licencia internacional Creative Commons Atribución-NoComercial-CompartirIgual 4.0.
Stephen Taiwo ONIFADE, Abdul Qahar KHATIR, Ahmet AY - 2022
https://creativecommons.org/licenses/by-nc-sa/4.0
references_eng Ozturk, I., & Acaravci, A., (2010). Testing the export-led growth hypothesis: empirical evidence from Turkey. The Journal of Developing Areas, 44(1), 245-254.
Onifade, S. T., Ay, A., Asongu, S., & Bekun, F. V. (2020b). Revisiting the trade and unemployment nexus: Empirical evidence from the Nigerian economy. Journal of Public Affairs, 20(3), e2053. https://doi.org/10.1002/pa.2053
Onifade, S. T., Çevik, S., Erdoğan, S., Asongu, S., & Bekun, F. V. (2020a). An empirical retrospect of the impacts of government expenditures on economic growth: new evidence from the Nigerian economy. Journal of Economic Structures, 9(1), 6. https://doi.org/10.1186/s40008-020-0186-7
Onifade, S. T., Erdoğan, S., Alagöz, M., & Bekun, F. V. (2021a). Renewables as a pathway to environmental sustainability targets in the era of trade liberalization: Empirical evidence from Turkey and the Caspian countries. Environmental Science and Pollution Research, 28, 41663-41674. https://doi.org/10.1007/s11356-021-13684-1
Onifade, S. T., Gyamfi, B. A., Ilham, H., & Bekun, F. V. (2021b). Re-examining the Roles of Economic Globalization on Environmental Degradation in the E7 Economies: Are Human Capital, Urbanization, and Total Natural Resources Essential Components? Resources Policy, 74, 102435. http://dx.doi.org/10.1016/j.resourpol.2021.102435
Luo, W. (2020). Demography and economic growth: the effect of tax composition. Applied Economics Letters, 27(20), 1629-1634. https://doi.org/10.1080/13504851.2019.1707761
Ozturk, O., & Radouai, N. (2020). Does trade openness contribute to economic growth and development of Morocco? Economics Business and Organization Research, 2020, 443-453. https://dergipark.org.tr/en/download/article-file/1478956
Parikh, A., & Stirbu, C. (2004). Relationship between trade liberalisation, economic growth and trade balance: an econometric investigation. Hamburg Institute of International Economics. https://dx.doi.org/10.2139/ssrn.567065
Pedroni, P. (2000). Fully modified OLS for heterogeneous cointegrated panels. In B. H. Baltagi, T. B. Fomby, & R. Carter Hill (Eds.), Nonstationary Panels, Panel Cointegration, and Dynamic Panels (Advances in Econometrics, Vol. 15, pp. 93-130). Emerald Group Publishing Limited. https://www.emerald.com/insight/content/doi/10.1016/S0731-9053(00)15004-2/full/html
Pedroni, P. (2001). Purchasing power parity tests in cointegrated panels. Review of Economics and Statistics, 83(4), 727-731. https://doi.org/10.1162/003465301753237803
Pedroni, P. (2004). Panel cointegration: Asymptotic and finite sample properties of pooled time series tests with an application to the PPP hypothesis. Econometric Theory, 20(3), 597-625. https://doi.org/10.1017/S0266466604203073
Onifade, S. T., Alola, A. A., Erdoğan, S., & Acet, H. (2021c). Environmental aspect of energy transition and urbanization in the OPEC member states. Environmental Science and Pollution Research, 28(14), 17158-17169. https://doi.org/10.1007/s11356-020-12181-1
Ndikumana, L., & Verick, S. (2008). The linkages between FDI and domestic investment: Unravelling the developmental impact of foreign investment in Sub-Saharan Africa. Development Policy Review, 26(6), 713-726. https://doi.org/10.1111/j.1467-7679.2008.00430.x
Kim, D. H., Lin, S. C., & Suen, Y. B. (2011). Nonlinearity between trade openness and economic development. Review of Development Economics, 15(2), 279-292. https://doi.org/10.1111/j.1467-9361.2011.00608.x
Onifade, S. T. (2022). Retrospecting on resource abundance in leading oil-producing African countries: How valid is the environmental Kuznets curve (EKC) hypothesis in a sectoral composition framework? Environmental Science and Pollution Research. Environmental Science and Pollution Research, 2022. http://dx.doi.org/10.1007/s11356-022-19575-3
Lucas Jr, R. E. (1988). On the mechanics of economic development. Journal of Monetary Economics, 22(1), 3-42. https://doi.org/10.1016/0304-3932(88)90168-7
Narayan, P. K., Narayan, S., Prasad, B. C., & Prasad, A. (2007). Export-led growth hypothesis: evidence from Papua New Guinea and Fiji. Journal of Economic Studies, 34(4). https://doi.org/10.1108/01443580710826380
Musila, J. W., & Yiheyis, Z. (2015). The impact of trade openness on growth: The case of Kenya. Journal of Policy Modeling, 37(2), 342-354. https://doi.org/10.1016/j.jpolmod.2014.12.001
Menyah, K., Nazlioglu, S., & Wolde-Rufael, Y. (2014). Financial development, trade openness and economic growth in African countries: New insights from a panel causality approach. Economic Modelling, 37, 386-394. https://doi.org/10.1016/j.econmod.2013.11.044
Manni, U. H., & Afzal, M. N. I. (2012). Effect of trade liberalization on economic growth of developing countries: A case of Bangladesh economy. Journal of Business Economics and Finance, 1(2), 37-44. https://dergipark.org.tr/en/pub/jbef/issue/32420/360521
Makki, S. S., & Somwaru, A. (2004). Impact of foreign direct investment and trade on economic growth: Evidence from developing countries. American Journal of Agricultural Economics, 86(3), 795-801.
Phillips, P. C., & Moon, H. R. (2000). Nonstationary panel data analysis: An overview of some recent developments. Econometric Reviews, 19(3), 263-286. https://doi.org/10.1080/07474930008800473
Kong, Q., Peng, D., Ni, Y., Jiang, X., & Wang, Z. (2021). Trade openness and economic growth quality of China: Empirical analysis using ARDL model. Finance Research Letters, 38, 101488. https://doi.org/10.1016/j.frl.2020.101488
Krugman, P. R. (1985). Increasing returns and the theory of international trade [Working Paper 1752]. National Bureau of Economic Research. https://www.nber.org/papers/w1752
Lautier, M., & Moreau, F. (2012). An empirical criticism of the “FDI development” convention. Revista de Economia Contemporânea, 16(3), 393-414. https://doi.org/10.1590/S1415-98482012000300002
Philips, P.C., & Perron, P. (1988). Testing for a unit root in time series regression. Biometrika, 75(2), 335-346. https://doi.org/10.1093/biomet/75.2.335
Sabra, M. M. (2016). Government size, country size, openness and economic growth in selected MENA countries. International Journal of Business and Economic Sciences Applied Research (IJBESAR), 9(1), 39-45. https://www.ceeol.com/search/article-detail?id=412518
Pradhan, R. P., Arvin, M. B., & Hall, J. H. (2019). The nexus between economic growth, stock market depth, trade openness, and foreign direct investment: the case of ASEAN countries. The Singapore Economic Review, 64(03), 461-493. https://doi.org/10.1142/S0217590817500175
Thirlwall, A. P. (2000). Trade agreements, trade liberalization and economicgrowth: a selective survey. African Development Review, 12(2), 129-160. https://doi.org/10.1111/1467-8268.00020
Yussif, A. R. B., Onifade, S. T., Ay, A., Canitez, M., & Bekun, F. V. (2022). Modeling the volatility of exchange rate and international trade in Ghana: empirical evidence from GARCH and EGARCH. Journal of Economic and Administrative Sciences, 5(32). https://doi.org/10.1108/JEAS-11-2020-0187
Ulaşan, B. (2015). Trade openness and economic growth: panel evidence. Applied Economics Letters, 22(2), 163-167. https://doi.org/10.1080/13504851.2014.931914
Taiwo, S., Alagöz, M., & Erdoğan, S. (2020). Inflation, oil revenue, and monetary policy mix in an oil-dependent economy: empirical insights from the case of Nigeria. International Journal of Business, 7(2), 96-109. https://DOI:10.18488/journal.62.2020.72.96.109
Pradhan, R. P., Arvin, M. B., & Norman, N. R. (2015). A quantitative assessment of the trade openness–economic growth nexus in India. International Journal of Commerce and Management, 15(3), 267-293. https://doi.org/10.1108/IJCoMA-08-2013-0075
Solow, R. M. (1994). Perspectives on growth theory. Journal of Economic Perspectives, 8(1), 45-54.
Söderbom, M., & Teal, F. (2003). Openness and human capital as sources of productivity growth: An empirical investigation. Centre for the Studies of African Economies, University of Oxford. https://www.csae.ox.ac.uk/research
Smith, A. (1776). An inquiry into the nature and causes of the wealth of nations (Vol. 1). W. Strahan and T. Cadell. http://hdl.handle.net /1842/1455
Shrestha, M. B., & Bhatta, G. R. (2018). Selecting appropriate methodological framework for time series data analysis. The Journal of Finance and Data Science, 4(2), 71-89. https://doi.org/10.1016/j.jfds.2017.11.001
Santos-Paulino, A., & Thirlwall, A. P. (2004). The impact of trade liberalisation on exports, imports and the balance of payments of developing countries. The Economic Journal, 114(493), F50-F72. https://doi.org/10.1111/j.0013-0133.2004.00187.x
Kassim, L. (2015). The impact of trade liberalization on export growth and import growth in Sub-Saharan Africa. Regional Integration and Trade in Africa (pp. 47-68). Palgrave Macmillan.
Romer, P. M. (1986). Increasing returns and long-run growth. Journal of Political Economy, 94(5), 1002-1037.
Ricardo, D. (1891). Principles of political economy and taxation. G. Bell and Sons. https://books.google.com.tr/books?id=_Qg-AAAAYAAJ&printsec=frontcover
Rani, R., & Kumar, N. (2019). On the causal dynamics between economic growth, trade openness and gross capital formation: evidence from BRICS countries. Global Business Review, 20(3), 795-812. https://doi.org/10.1177%2F0972150919837079
Pradhan, R. P., Arvin, M., Hall, J. H., Bennett, S. E., & Bahmani, S. (2017a). Financial depth and the trade openness-economic growth nexus: Evidence from cross-country panel data. Journal of Economic and Administrative Sciences, 33(1). https://doi.org/10.1108/JEAS-06-2016-0015
Pradhan, R. P., Arvin, M. B., Hall, J. H., & Norman, N. R. (2017b). ASEAN economic growth, trade openness and banking-sector depth: The nexus. EconomiA, 18(3), 359-379. https://doi.org/10.1016/j.econ.2017.05.002
Pradhan, R. P., Arvin, M. B., Hall, J. H., & Nair, M. (2016). Trade openness, foreign direct investment, and finance-growth nexus in the Eurozone countries. The Journal of International Trade & Economic Development, 26(3), 336-360. https://doi.org/10.1080/09638199.2016.1249392
Keho, Y. (2017). The impact of trade openness on economic growth: The case of Cote d’Ivoire. Cogent Economics & Finance, 5(1), 1332820. https://doi.org/10.1080/23322039.2017.1332820
Hjalmarsson, E., & Österholm, P. (2010). Testing for cointegration using the Johansen methodology when variables are near-integrated: size distortions and partial remedies. Empirical Economics, 39(1), 51-76. https://doi.org/10.1007/s00181-009-0294-6
Joshua, U., Adedoyin, F. F., & Sarkodie, S. A. (2020). Examining the external-factorsled growth hypothesis for the South African economy. Heliyon, 6(5), p.e04009. https://doi.org/10.1016/j.heliyon.2020.e04009
Alola, A. A., Adebayo, T. S., & Onifade, S. T. (2021). Examining the dynamics of ecological footprint in China with spectral Granger causality and quantile-on-quantile approaches. International Journal of Sustainable Development & World Ecology, 29(3), 263-276. https://doi.org/10.1080/13504509.2021.1990158
Alola, A. A., & Onifade, S. T. (2022). Energy transition and environmental quality prospects in leading emerging economies: The role of environmental-related technological innovation. Sustainable Development, 2022/5/29. https://doi.org/10.1002/sd.2346
Ali, W., & Abdullah, A. (2015). The Impact of Trade Openness on the Economic Growth of Pakistan: 1980-2010. Global Business & Management Research, 7(2). http://www.gbmrjournal.com/pdf/vol.%207%20no.%202/V7N2-15.pdf
Im, K.S., Pesaran, M.H., & Shin, Y. (2003). Testing for unit roots in heterogeneous panels. Journal of Econometrics, 115(1), 53-74. https://doi.org/10.1016/S0304-4076(03)00092-7
Abbas, S. (2014). Trade liberalization and its economic impact on developing and least developed countries. Journal of International Trade Law and Policy, 13(3). https://doi.org/10.1108/JITLP-06-2013-0018
Arvin, M. B., Pradhan, R. P., & Nair, M. (2021). Uncovering interlinks among ICT connectivity and penetration, trade openness, foreign direct investment, and economic growth: The case of the G-20 countries. Telematics and Informatics, 60, 101567. https://doi.org/10.1016/j.tele.2021.101567
Appiah, M., Onifade, S. T., & Gyamfi, B. A. (2022). Building critical infrastructures: Evaluating the roles of governance and institutions in infrastructural developments in Sub-Sahara African countries. Evaluation Review, 46(2). https://doi.org/10.1177%2F0193841X221100370
Ahmed, M. (2010). Trade competitiveness and growth in the MENA region. The Arab World Competitiveness Review, 2010, 23-26. https://www.imf.org/~/media/Websites/IMF/Imported/external/np/vc/2010/_103010pdf.ashx
Bakari, S., & Sofien, T. (2019). The Impact of Trade Openness, Foreign Direct Investment and Domestic Investment on Economic Growth: New Evidence from Asian Developing Countries. https://mpra.ub.uni-muenchen.de/id/eprint/94489
Grossman, G.M., & Helpman, E. (1994). Endogenous innovation in the theory of growth. Journal of Economic Perspectives, 8(1), 23-44.
Hye, Q.M.A., Wizarat, S., & Lau, W.Y. (2013). Trade-led growth hypothesis: An empirical analysis of South Asian countries. Economic Modelling, 35, 654-660. https://doi.org/10.1016/j.econmod.2013.07.040
Hye, Q. M. A., & Lau, W. Y. (2015). Trade openness and economic growth: empirical evidence from India. Journal of Business Economics and Management, 16(1), 188-205. https://doi.org/10.3846/16111699.2012.720587
Huchet-Bourdon, M., Le Mouël, C., & Vijil, M. (2018). The relationship between trade openness and economic growth: Some new insights on the openness measurement issue. The World Economy, 41(1), 59-76. https://doi.org/10.1111/twec.12586
Hossain, T., & Maitra, B. (2020). Monetary policy, trade openness and economic growth in India under monetary-targeting and multiple-indicator approach regimes. Arthaniti: Journal of Economic Theory and Practice, 19(1), 108-124. https://doi. org/10.1177%2F0976747919852859
Hicham, A.Y.A.D., & Belmokaddem, M. (2017). Financial development, trade openness and economic growth in MENA countries: TYDL panel causality approach. Theoretical and Applied Economics, 24(1 (610), 233-246. http://store.ectap.ro/articole/1259.pdf
Heckscher, G., Heckscher, E.F., & Ohlin, B., (1991). Heckscher-Ohlin trade theory. Mit Press. https://mitpress.mit.edu/books/heckscher-ohlin-trade-theory
Hakan, A., Onifade, S. T., & Savaş, Ç. (2022). Modeling the Impacts of MSMEs’ Contributions to GDP and their Constraints on Unemployment: The Case of African’s Most Populous Country. Studies in Business and Economics, 17(1), 154-170. https://doi. org/10.2478/sbe-2022-0011
Gyamfi, B. A., Onifade, S. T., Nwani, C., & Bekun, F. V. (2021). Accounting for the combined impacts of natural resources rent, income level, and energy consumption on environmental quality of G7 economies: a panel quantile regression approach. Environmental Science and Pollution Research, 29, 2806-2818. https://doi.org/10.1007/s11356-021-15756-8
Gyamfi, B. A., Onifade, S. T., Bekun, F. V., & Altuntaş, M. (2022). Significance of Air Transport to Tourism-Induced Growth Hypothesis in E7 Economies: Exploring the Implications for Environmental Quality. Tourism: An International Interdisciplinary Journal, 70(3), 339-353. https://hrcak.srce.hr/279096
Bal, D. P., Dash, D. P., & Subhasish, B. (2016). The effects of capital formation on economic growth in India: Evidence from ARDL-bound testing approach. Global Business Review, 17(6), 1388-1400. https://doi.org/10.1177%2F0972150916660403
Balsalobre-Lorente, D., & Leitão, N. C. (2020). The role of tourism, trade, renewable energy use and carbon dioxide emissions on economic growth: evidence of tourismled growth hypothesis in EU-28. Environmental Science and Pollution Research, 27(36), 45883-45896. https://doi.org/10.1007/s11356-020-10375-1
Foster, N., (2008). The impact of trade liberalisation on economic growth: Evidence from a quantile regression analysis. Kyklos, 61(4), 543-567. https://doi.org/10.1111/j.1467-6435.2008.00417.x
Erdoğan, S., Onifade, S. T., Altuntaş, M., & Bekun, F. V. (2022). Synthesizing urbanization and carbon emissions in Africa: how viable is environmental sustainability amid the quest for economic growth in a globalized world? Environmental Science and Pollution Research, 29, 24348-24361. https://doi.org/10.1007/s11356-022-18829-4
Erdogan, S., Okumus, I., & Guzel, A. E. (2020). Revisiting the Environmental Kuznets Curve hypothesis in OECD countries: the role of renewable, non-renewable energy, and oil prices. Environmental Science and Pollution Research, 27(19), 23655-23663. https://doi.org/10.1007/s11356-020-08520-x
Dickey, D.A., & Fuller, W.A. (1979). Distribution of the estimators for autoregressive time series with a unit root. Journal of the American Statistical Association, 74(366a), 427-431. https://doi.org/10.1080/01621459.1979.10482531
Bekun, F. V., Gyamfi, B. A., Onifade, S. T., & Agboola, M. O. (2021). Beyond the environmental Kuznets Curve in E7 economies: Accounting for the combined impactsof institutional quality and renewables. Journal of Cleaner Production, 127924. https://doi.org/10.1016/j.jclepro.2021.127924
Bhatti, N., Aamir, M., Shah, N., Rahpoto, M. S., & Shaikh, F. M. (2011). New growth theories and trade liberalization: Measurement of effects of technology transfer on Pakistan's economy. Modern Applied Science, 5(3), 85. https://doi.org/10.5539/mas.v5n3p85
Burange, L. G., Ranadive, R. R., & Karnik, N. N. (2019). Trade openness and economic growth nexus: A case study of BRICS. Foreign Trade Review, 54(1), 1-15. https://doi.org/10.1177%2F0015732518810902
Çoban, O., Onifade, S. T., Yussif, A. R. B., & Haouas, I. (2020). Reconsidering trade and investment-led growth hypothesis: New evidence from Nigerian economy. Journal of International Studies, 13(3), 98-110. https://doi:10.14254/2071-8330.2020/13-3/7
type_driver info:eu-repo/semantics/article
type_coar http://purl.org/coar/resource_type/c_2df8fbb1
type_version info:eu-repo/semantics/publishedVersion
type_coarversion http://purl.org/coar/version/c_970fb48d4fbd8a85
type_content Text
publishDate 2022-06-29
date_accessioned 2022-06-29T00:00:00Z
date_available 2022-06-29T00:00:00Z
url https://revfinypolecon.ucatolica.edu.co/article/view/4423
url_doi https://doi.org/10.14718/revfinanzpolitecon.v14.n2.2022.7
issn 2248-6046
eissn 2011-7663
doi 10.14718/revfinanzpolitecon.v14.n2.2022.7
citationstartpage 489
citationendpage 512
url4_str_mv https://revfinypolecon.ucatolica.edu.co/article/download/4423/4391
url2_str_mv https://revfinypolecon.ucatolica.edu.co/article/download/4423/4323
url3_str_mv https://revfinypolecon.ucatolica.edu.co/article/download/4423/4369
_version_ 1797158496123224064

Código QR

Estadísticas y Métricas Alternativas

Títulos similares