Trade openness, export, import and economic growth in asean-5 and Japan

This study examined the relationship between trade openness, exports, and imports, on economic growth of ASEAN-5 countries and Japan between 1980-2018. The dependent variable used was Gross Domestic Product whereas independent variables were trade openness, export and import. In order to reduce bias...

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Main Author:	Khairunisah Kamsin
Format:	Thesis
Language:	English English
Published:	2021
Subjects:	HC94-1085 By region or country
Online Access:	https://eprints.ums.edu.my/id/eprint/41433/1/24%20PAGES.pdf https://eprints.ums.edu.my/id/eprint/41433/2/FULLTEXT.pdf
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id	my-ums-ep.41433
record_format	uketd_dc
spelling	my-ums-ep.414332024-11-08T03:49:47Z Trade openness, export, import and economic growth in asean-5 and Japan 2021 Khairunisah Kamsin HC94-1085 By region or country This study examined the relationship between trade openness, exports, and imports, on economic growth of ASEAN-5 countries and Japan between 1980-2018. The dependent variable used was Gross Domestic Product whereas independent variables were trade openness, export and import. In order to reduce bias result, explanatory variables such as Foreign Direct Investment, Capital Formation and Real Effective Exchange Rate were included. To examine the stationarity of the data, two tests for Unit Root test were performed which were the Augmented Dickey–Fuller (ADF) test and Phillips Perron (PP). Then, ARDL were employed to identify the co-integrating vectors for determining a long-run relationship between the variables. The last step was to use Wald test for identifying the short-run and causality relationship between the variables. The results were that all variables had a long-run relationship with each other, and there were co-integrating vectors among the variables. Based on the ARDL Bound test, Thailand was the only country where there was a positive and significant relationship between trade openness and economic growth. In addition, the economic growth in Malaysia and Singapore were highly influenced by Foreign Direct Investment while economic growth in Indonesia was very much affected by Real Effective Exchange Rate. The finding was that in short run, that there exists a causality between trade openness and economic growth for Singapore. Also, exports have strong influence on economic growth in short-run, for Malaysia, Thailand, and Singapore. Imports have a positive and significant relationship with economic growth in only in one country, which was Malaysia. For the Philippines and Japan, the results show that there was no long-run effect between the independent variables and dependent variable. Almost all relationships are negative and not significant. The foreign direct investment, however, was found to be not significant but are positive for both countries. This result implies that the economic growth in the Philippines and Japan was not influenced by trade openness. 2021 Thesis https://eprints.ums.edu.my/id/eprint/41433/ https://eprints.ums.edu.my/id/eprint/41433/1/24%20PAGES.pdf text en public https://eprints.ums.edu.my/id/eprint/41433/2/FULLTEXT.pdf text en validuser masters Universiti Malaysia Sabah Faculty of Business, Economics and Accountancy
institution	Universiti Malaysia Sabah
collection	UMS Institutional Repository
language	English English
topic	HC94-1085 By region or country
spellingShingle	HC94-1085 By region or country Khairunisah Kamsin Trade openness, export, import and economic growth in asean-5 and Japan
description	This study examined the relationship between trade openness, exports, and imports, on economic growth of ASEAN-5 countries and Japan between 1980-2018. The dependent variable used was Gross Domestic Product whereas independent variables were trade openness, export and import. In order to reduce bias result, explanatory variables such as Foreign Direct Investment, Capital Formation and Real Effective Exchange Rate were included. To examine the stationarity of the data, two tests for Unit Root test were performed which were the Augmented Dickey–Fuller (ADF) test and Phillips Perron (PP). Then, ARDL were employed to identify the co-integrating vectors for determining a long-run relationship between the variables. The last step was to use Wald test for identifying the short-run and causality relationship between the variables. The results were that all variables had a long-run relationship with each other, and there were co-integrating vectors among the variables. Based on the ARDL Bound test, Thailand was the only country where there was a positive and significant relationship between trade openness and economic growth. In addition, the economic growth in Malaysia and Singapore were highly influenced by Foreign Direct Investment while economic growth in Indonesia was very much affected by Real Effective Exchange Rate. The finding was that in short run, that there exists a causality between trade openness and economic growth for Singapore. Also, exports have strong influence on economic growth in short-run, for Malaysia, Thailand, and Singapore. Imports have a positive and significant relationship with economic growth in only in one country, which was Malaysia. For the Philippines and Japan, the results show that there was no long-run effect between the independent variables and dependent variable. Almost all relationships are negative and not significant. The foreign direct investment, however, was found to be not significant but are positive for both countries. This result implies that the economic growth in the Philippines and Japan was not influenced by trade openness.
format	Thesis
qualification_level	Master's degree
author	Khairunisah Kamsin
author_facet	Khairunisah Kamsin
author_sort	Khairunisah Kamsin
title	Trade openness, export, import and economic growth in asean-5 and Japan
title_short	Trade openness, export, import and economic growth in asean-5 and Japan
title_full	Trade openness, export, import and economic growth in asean-5 and Japan
title_fullStr	Trade openness, export, import and economic growth in asean-5 and Japan
title_full_unstemmed	Trade openness, export, import and economic growth in asean-5 and Japan
title_sort	trade openness, export, import and economic growth in asean-5 and japan
granting_institution	Universiti Malaysia Sabah
granting_department	Faculty of Business, Economics and Accountancy
publishDate	2021
url	https://eprints.ums.edu.my/id/eprint/41433/1/24%20PAGES.pdf https://eprints.ums.edu.my/id/eprint/41433/2/FULLTEXT.pdf
_version_	1818611404971704320

Trade openness, export, import and economic growth in asean-5 and Japan

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