Bookcover of Trade Openness Impact on Economic Growth in Central Asia
Booktitle:

Trade Openness Impact on Economic Growth in Central Asia

LAP LAMBERT Academic Publishing (2015-02-10 )

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ISBN-13:

978-3-659-68162-2

ISBN-10:
3659681628
EAN:
9783659681622
Book language:
English
Blurb/Shorttext:
The Central Asian region is indeed unique region to test the economic theories with empirical applications. Countries in the region have many commonalities in culture, language, and colonial past but also have an unequal distribution of water and natural resource reserves. Even though, most of these countries have already embarked on market-oriented economic reforms, some still remain among the most closed economies e.g. Turkmenistan that is preforming inward oriented state-based policies for economic development and well-being of its people. This book explores development strategies and economic structure of the Central Asian countries. The main focus of the book is empirical analysis to understand the role of trade openness in economic growth. Considering econometric features of the growth models, system-GMM in combination with error correction model have been used to identify the type and nature of the relationship and the direction of causality.
Publishing house:
LAP LAMBERT Academic Publishing
Website:
https://www.lap-publishing.com/
By (author) :
Davron Ishnazarov
Number of pages:
52
Published on:
2015-02-10
Stock:
Available
Category:
Economics
Price:
35.90 €
Keywords:
Economic Growth, Generalized Method of Moments (GMM), Granger causality test, Trade Openness, Error Correction Model (ECM)

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