The Impact of Trade Openness, Foreign Direct Investment and Governance on Economic Growth: A Case Study of Emerging Countries during the Period 2000-2018

Abstract

Both trade openness and foreign direct
investment are the most important
determinants of economic growth in
light of an appropriate governance
system. The aim of this article is to study
the impact of trade openness policy and
the attractiveness of foreign direct
investment on economic growth in a
sample of emerging countries during the
period from 2000-2018. Pannell
technology data relied on. The results of
the assessment concluded that there is an
inverse relationship between trade
openness and economic growth, while
foreign direct investment is a positive
relationship for the sample countries.
The study recommends relying on more
accurate techniques such as dynamic
Panel models in future studies.