TRADE LIBERALIZATION AND ECONOMIC GROWTH: PANEL DATA ANALYSIS IN THE SHORT AND LONG TERM

Nur Patima(1*), A. Fatiha Resky Ahmarina(2), Basri Bado(3),

(1) Universitas Negeri Makassar
(2) Universitas Negeri Makassar
(3) Universitas Negeri Makassar
(*) Corresponding Author



Abstract


Abstract. The debate over trade liberalization decisions for a country continues. This study aims to provide insight into trade liberalization decision making. This study analyzes the effect of trade liberalization on economic growth, both in the short and long term. The data used is panel data in 216 countries in the world from 1960 to 2020. Using the Generalized Method of Moment for Dynamic Panel Data, it was found that trade liberalization has a positive and significant effect on economic growth after controlling for variables of human condition and capital, both in the long term and in the long term. short or long term. Based on these results, it can be concluded that trade liberalization can be used as a source of economic growth for a country, both in the short and long term

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