Relationship between economic openness and economic growth: issue of openness measurement

  • Monika Didžgalvytė
  • Aistė Osteikaitė
Keywords: GDP growth; Economic openness; Measurement

Abstract

The paper aims to compare different measurements of openness and calculate what impact economics open­ness has on economic growth. Economic openness is measured by using: KAOPEN index; tariffs; and trade ra­tio. The methods of comparative, statistical and econometric analysis were used in this paper. The results of this study confirmed that economic openness has an impact on the country’s economic growth. The study found that all three ways of measuring economic openness reveal only part of the concept of economic openness.

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Published
2019-01-08
Section
Economic Development and Growth