An Analytical Study on the Impact of Trade Liberalization on the Economic Development

Hualei Chen; Shuilan Wang; Yixian Lin; Yuzhe Jing; Yuxiu Wei; Zijie Pan

doi:10.2991/978-94-6463-538-6_37

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An Analytical Study on the Impact of Trade Liberalization on the Economic Development

Authors

Hualei Chen¹^{, *}, Shuilan Wang², Yixian Lin³, Yuzhe Jing⁴, Yuxiu Wei³, Zijie Pan³

¹Cheongju University, Cheongju, North Chungcheong, 28496, South Korea

²School of Foreign Language and International Business, Shenzhen, Guangdong, 518055, China

³Belarusian State University, Minsk, Minsk, 220030, Belarus

⁴Kyungil University, Daegu Metropolitan, 431060, South Korea

^*Corresponding author. Email: 1078166343@qq.com

Corresponding Author

Hualei Chen

Available Online 1 October 2024.

DOI: 10.2991/978-94-6463-538-6_37 How to use a DOI?
Keywords: Network Economic Platforms; Big Data Analysis; Efficiency in Resource Allocation; Customer Mining; Growth Economy
Abstract: This research delves into the influence of trade liberalization on the economic progression within a sample of five economies emerging in the market, spanning. Using panel estimation strategies, the study validates a sustained connection among trade liberalization, economic advancement, financial evolution, inflation, workforce, and technology over the long term. Notably, the outcomes of long-term elasticities highlight the significant favorable influence of trade liberalization on economic expansion. Moreover, diverse panel non-causality examinations reveal discern a two-way causality existing between economic development and inflation, along with a singular causality connection from economic expansion to both trade liberalization and financial growth in the brief term. Ultimately, the findings underscore the pivotal role of trade liberalization in fostering economic development and development across these five emerging market economies.
Open Access: Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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Volume Title: Proceedings of the 4th International Conference on Economic Development and Business Culture (ICEDBC 2024)
Series: Advances in Economics, Business and Management Research
Publication Date: 1 October 2024
ISBN: 978-94-6463-538-6
ISSN: 2352-5428
DOI: 10.2991/978-94-6463-538-6_37 How to use a DOI?
Open Access: Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

Cite this article

ris enw bib

TY  - CONF
AU  - Hualei Chen
AU  - Shuilan Wang
AU  - Yixian Lin
AU  - Yuzhe Jing
AU  - Yuxiu Wei
AU  - Zijie Pan
PY  - 2024
DA  - 2024/10/01
TI  - An Analytical Study on the Impact of Trade Liberalization on the Economic Development
BT  - Proceedings of the 4th International Conference on Economic Development and Business Culture (ICEDBC 2024)
PB  - Atlantis Press
SP  - 314
EP  - 320
SN  - 2352-5428
UR  - https://doi.org/10.2991/978-94-6463-538-6_37
DO  - 10.2991/978-94-6463-538-6_37
ID  - Chen2024
ER  -

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