Macroeconomic Effects of Openness
Küçük Resim Yok
Tarih
2019
Yazarlar
Dergi Başlığı
Dergi ISSN
Cilt Başlığı
Yayıncı
Erişim Hakkı
Özet
Liberalization policies began to be implemented around the world after
1980, and countries’ economies were rapidly affected by these policies.
Consequently the concept of openness became increasingly important in
terms of the countries’ economies. Hence, the openness that provides
important information on the integration of countries into the world, is the
subject of many macroeconomic changes within those countries.
In this study, firstly, the concept of openness is explained, and a
conceptual framework is presented. Secondly, it attempts to explain
theoretically the effects of openness on economic growth, inflation,
unemployment, real exchange rate, external debt, and productivity.
