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OPENNESS, GLOBALIZATION AND ECONOMIC …
International Journal of Applied Econometrics and Quantitative Studies (2006) openness , GLOBALIZATION AND ECONOMIC growth : EMPIRICAL EVIDENCE FROM COTE D IVOIRE B dia F. Aka1 Abstract: The purpose of this paper is to examine the relationships between openness , GLOBALIZATION on ECONOMIC growth in C te d Ivoire which adopted the openness of its economy as the basic way for development at the beginning of its ECONOMIC history in 1960. Using a three-variable vector autoregressive (VAR) model, we find that the three variables are tied together in the long-run. GLOBALIZATION does have a negative effect on ECONOMIC growth , and although a positive effect of openness on growth is observed in the short-run, both increasing openness and globalisation do not have positively contributed to the long-run ECONOMIC growth of this country, a finding that is in the opposite of the prediction of the new growth theory about the potential long-run effects of trade on growth .
Aka, B.F. Openness, Globalization and Economic Growth in Cote d´Ivoire It should be interesting to know in which direction openness and globalization have affected Côte d’Ivoire’s economic growth. A
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