Trade Openness, Income Levels, Economic Growth, and Current Account Balances
The aim of this study is to investigate if the trade openness has an effect on the income levels, growth rates, and on the current account balances together for the first time in the literature. Two different trade openness measures are used. 134 countries are added in four income groups between 199...
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Sivas Cumhuriyet Üniversitesi
2022-07-01
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| Series: | Cumhuriyet Üniversitesi İktisadi ve İdari Bilimler Dergisi |
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| Online Access: | https://dergipark.org.tr/tr/download/article-file/2365240 |
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| _version_ | 1832570623681888256 |
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| author | Murat Çetrez |
| author_facet | Murat Çetrez |
| author_sort | Murat Çetrez |
| collection | DOAJ |
| description | The aim of this study is to investigate if the trade openness has an effect on the income levels, growth rates, and on the current account balances together for the first time in the literature. Two different trade openness measures are used. 134 countries are added in four income groups between 1990 and 2019. There is a negative and statistically significant association between trade openness and current account balances for the group of low-income and lower middle-income countries. For upper middle-income and high-income countries, it is not identified any significant associations between trade openness and current account balances. Trade openness increases the growth for all groups except the upper middle-income countries. Results show trade openness widen the current account deficits of many of the low-income and lower middle-income countries. Sustainability of the current account deficits and external debts might be potentially an issue for many low-income, lower middle-income, and some of the middle-income countries especially if the growth rates decrease. |
| format | Article |
| id | doaj-art-4341fa3732264d3dbcbe1d999261776e |
| institution | Kabale University |
| issn | 1303-1279 |
| language | English |
| publishDate | 2022-07-01 |
| publisher | Sivas Cumhuriyet Üniversitesi |
| record_format | Article |
| series | Cumhuriyet Üniversitesi İktisadi ve İdari Bilimler Dergisi |
| spelling | doaj-art-4341fa3732264d3dbcbe1d999261776e2025-02-02T14:34:01ZengSivas Cumhuriyet ÜniversitesiCumhuriyet Üniversitesi İktisadi ve İdari Bilimler Dergisi1303-12792022-07-0123376077310.37880/cumuiibf.11012442057Trade Openness, Income Levels, Economic Growth, and Current Account BalancesMurat Çetrez0https://orcid.org/0000-0001-9567-7644Ford Otomotiv San. A.Ş.The aim of this study is to investigate if the trade openness has an effect on the income levels, growth rates, and on the current account balances together for the first time in the literature. Two different trade openness measures are used. 134 countries are added in four income groups between 1990 and 2019. There is a negative and statistically significant association between trade openness and current account balances for the group of low-income and lower middle-income countries. For upper middle-income and high-income countries, it is not identified any significant associations between trade openness and current account balances. Trade openness increases the growth for all groups except the upper middle-income countries. Results show trade openness widen the current account deficits of many of the low-income and lower middle-income countries. Sustainability of the current account deficits and external debts might be potentially an issue for many low-income, lower middle-income, and some of the middle-income countries especially if the growth rates decrease.https://dergipark.org.tr/tr/download/article-file/2365240trade opennesscurrent account balanceseconomic growthpanel data anaysisserbest ticaretcari işlemler dengesiekonomik büyümepanel veri analizi |
| spellingShingle | Murat Çetrez Trade Openness, Income Levels, Economic Growth, and Current Account Balances Cumhuriyet Üniversitesi İktisadi ve İdari Bilimler Dergisi trade openness current account balances economic growth panel data anaysis serbest ticaret cari işlemler dengesi ekonomik büyüme panel veri analizi |
| title | Trade Openness, Income Levels, Economic Growth, and Current Account Balances |
| title_full | Trade Openness, Income Levels, Economic Growth, and Current Account Balances |
| title_fullStr | Trade Openness, Income Levels, Economic Growth, and Current Account Balances |
| title_full_unstemmed | Trade Openness, Income Levels, Economic Growth, and Current Account Balances |
| title_short | Trade Openness, Income Levels, Economic Growth, and Current Account Balances |
| title_sort | trade openness income levels economic growth and current account balances |
| topic | trade openness current account balances economic growth panel data anaysis serbest ticaret cari işlemler dengesi ekonomik büyüme panel veri analizi |
| url | https://dergipark.org.tr/tr/download/article-file/2365240 |
| work_keys_str_mv | AT muratcetrez tradeopennessincomelevelseconomicgrowthandcurrentaccountbalances |