%0 Journal Article
%T Effects of Trade Openness on Economic Growth in the Republic of Congo
%A Cyriaque Mbingui
%A Aim¨¦ Stanislas Etoka-Beka
%J Theoretical Economics Letters
%P 724-742
%@ 2162-2086
%D 2021
%I Scientific Research Publishing
%R 10.4236/tel.2021.114048
%X 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.
%K Economic Growth
%K Trade Openness
%K VECM
%U http://www.scirp.org/journal/PaperInformation.aspx?PaperID=111337