Article citationsMore>>

Koopmans, T. (1965). On the Concept of Optimal Growth. In J. Johansen, (Ed.), On the Concept of Optimal Economic Growth (pp. 225-287). North-Holland Publishing Co.

has been cited by the following article:

• TITLE: Effects of Trade Openness on Economic Growth in the Republic of Congo

  AUTHORS: Cyriaque Mbingui, Aimé Stanislas Etoka-Beka

  KEYWORDS: Economic Growth, Trade Openness, VECM

  JOURNAL NAME: Theoretical Economics Letters, Vol.11 No.4, August 18, 2021

  ABSTRACT: The objective of this study is to analyze the effects of trade openness on economic growth in the Republic of Congo over a period from 1986 to 2016. Following the estimation of the Vector Error Correction Model (VECM), the result shows that in the short and long term, trade openness negatively affects economic growth in Congo. That means, the Congo does not benefit from the trade openness policy. This result is explained by the strong dependence of the Congolese economy on exports of raw materials (natural resources). This result has given rise to economic policy implications.