{"title":"Trade Openness and Economic Growth: A Vision Based on Export Growth for MENA Countries","authors":"Naoufel Mahfoudh, F. Alhamshary, B. A. Eisa","doi":"10.12691/ijefm-6-2-2","DOIUrl":"https://doi.org/10.12691/ijefm-6-2-2","url":null,"abstract":"This paper examines the effect of trade openness on economic growth based on export growth as a key variable for the MENA region. We use different methods of estimating the coefficients relative to each variable on a panel of MENA countries over the period 1990-2014. The conclusion is that openness to international trade is generally beneficial for the countries of the MENA region. The effect of openness is also important and that is going through the growth of exports. According to the results, for these countries the diversification of exports is very important insofar as, in addition to its significant effect on economic growth, it is a major asset in supporting exports. Non-oil-exporting MENA countries are called upon to rely more on diversification to support and strengthen the pace of exports, which is a very important factor in taking advantage of the opening of trade. Strengthen the role of institutions and improve the attractiveness of high-tech foreign direct investments. Oil-exporting countries are also called upon to diversify their economies and boost the internal drivers of economic growth.","PeriodicalId":429534,"journal":{"name":"International Journal of Econometrics and Financial Management","volume":"15 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2018-09-29","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"129772922","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Credit Constraints and Firm’s Productivity: Evidence from China’s Growth Enterprise Market","authors":"Yingqi Pan, Haiyue Liu","doi":"10.12691/IJEFM-6-1-4","DOIUrl":"https://doi.org/10.12691/IJEFM-6-1-4","url":null,"abstract":"Reliable and sufficient funding is essential for firms’ development. But in China, massive small and medium firms (SMEs) and innovation-oriented companies are struggling because of severe credit constraints. In this paper, we study the effect that credit constraints have on firms’ productivity. To do so, we collect 379 firms’ data from China’s Growth Enterprises Market (GEM). And we part the credit constraints into two kinds namely external and internal. Besides, some other factors, like the financial crisis happened in 2008, are also taken into account. By employing GLS and FGLS methods, we find that credit constraints do have a significant effect on firm’s productivity. What’s more, the experimental result shows that the 2008 Financial Crisis does change the funding situation for SMEs and innovation-oriented companies.","PeriodicalId":429534,"journal":{"name":"International Journal of Econometrics and Financial Management","volume":"8 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2018-08-19","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"128881928","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}