Preliminary communication
OPENNESS AND ECONOMIC GROWTH IN AN EMERGING ECONOMY: THE CASE OF RUSSIA
Mete Ferudin
Bansi Sawhney
Abdul Jalil
Abstract
This article investigates the relationship between trade openness and economic growth in the case of Russia. The results reveal that a bi-directional relationship exists between openness and economic growth. Not only does openness causes economic growth, but economic growth in turn causes openness. Moreover, this feedback relation is found for both, the short run and long run.
Keywords
Economic growth; trade openness; Russia
Hrčak ID:
47319
URI
Publication date:
15.9.2009.
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