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

https://hrcak.srce.hr/47319

Publication date:

15.9.2009.

Article data in other languages: croatian

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