A nexus between macroeconomic dynamics and trade openness: moderating role of institutional quality

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dc.authorid0000-0003-4621-7697en_US
dc.contributor.authorZhuang, Yu
dc.contributor.authorYang, Shuili
dc.contributor.authorChupradit, Supat
dc.contributor.authorNawaz, Muhammad Atif
dc.contributor.authorXiong, Rong
dc.contributor.authorKöksal, Cihat
dc.date.accessioned2021-05-24T10:08:18Z
dc.date.available2021-05-24T10:08:18Z
dc.date.issued2021en_US
dc.departmentFakülteler, İşletme Fakültesi, Uluslararası Ticaret Bölümüen_US
dc.description.abstractPurpose – First, the current study contributes to the available debate by reinvestigating the impact of economic growth (EG), foreign direct investment (FDI), technological innovation (TI) and inflation (INF) on trade openness (TO). Second, the study tests the moderating role of institutional quality (INS) on the relationship among EG, FDI, TI and TO. Third, the study tests how TO contributes to EG efficiency. Design/methodology/approach – The study collects the data from the group of twenty (G20) economies for the period of 1998–2020. The study applied the Kao (1999), Pedroni (2001), and Palamuleni (2017) cointegration tests to test the long-run association between variables. The study applied fully modified least square (FMOLS) and dynamic least square (DOLS) models to test the hypotheses. Findings – Findings of the study showed the positive impact of EG, FDI and TI on TO, which becomes more positive in the presence of institutional quality. Results indicate that INS plays an enhancing role in the relationship between FDI and TO, EG and TO and TI and TO. The study showed a negative relationship between INF and TO, and institutional quality plays a buffering role in the relationship between INF and TO. Originality/value – First, the study reinvestigates the empirical association among EG, FDI, TI, INF and TO. Second, the study tests the moderating role of INS on the relationship between the proposed variables by developing an index of all the indicators of INS. Third, the study tests the contributions of TO in economic efficiency (ECE). The contributions of the present study will increase the available literature of TO and help the policy makers of G20 nations to suggest important policies to promote TO and ECE.en_US
dc.identifier.doi10.1108/BPMJ-12-2020-0594en_US
dc.identifier.scopus2-s2.0-85106323528en_US
dc.identifier.scopusqualityN/Aen_US
dc.identifier.urihttps://hdl.handle.net/11467/4951
dc.identifier.urihttps://doi.org/10.1108/BPMJ-12-2020-0594
dc.identifier.wosWOS:000646306900001en_US
dc.identifier.wosqualityQ3en_US
dc.indekslendigikaynakWeb of Scienceen_US
dc.indekslendigikaynakScopusen_US
dc.language.isoenen_US
dc.publisherEmerald Publishingen_US
dc.relation.ispartofBusiness Process Management Journalen_US
dc.relation.publicationcategoryMakale - Uluslararası Hakemli Dergi - Kurum Öğretim Elemanıen_US
dc.rightsinfo:eu-repo/semantics/embargoedAccessen_US
dc.subjectTrade opennessen_US
dc.subjectInflationen_US
dc.subjectForeign direct investmenten_US
dc.subjectInstitutional qualityen_US
dc.subjectEconomic efficiencyen_US
dc.subjectInnovationen_US
dc.subjectG20en_US
dc.titleA nexus between macroeconomic dynamics and trade openness: moderating role of institutional qualityen_US
dc.typeArticleen_US

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