الانفتاح التجاري و التنوع في الصادرات : دليل تجريبي من ليبيا

Abstract EN

The main aim of this study was to examine the relationship between trade openness and export diversification in the Libyan economy during the period 1962-2017.

in order to achieve its objective, the study used correlation analysis, Hansen (1992) parameter instability co-integration test, FMOLS estimator and Toda & Yamamoto (1995) TY non granger causality test.

the main findings of the study indicated a positive relationship between trade openness and export diversification.

in addition, a long run equilibrium relationship between them was captured.

FMOLS results showed a positive and significant impact of trade openness on export diversification.

however, TY test was not able to provide an evidence of long run causality between the study variables.