Topics in Middle Eastern and North African Economies

Document Type

Article

Publication Date

5-1-2018

Abstract

In the context of globalization, openness to international markets became a necessary element to boost the economies of nations. Thus, this paper tries to show the role of trade openness in diversifying the economies and resource rich countries in particular. The paper provides analytical and empirical explanation for the role of openness in diversifying the Algerian economy as one of the most important oil exporting countries. Using the HerfindahlHirschman index of export concentration, we found that the trade openness measured by this index increased the concentration of Algerian exports over the period of 1985-2015. Meanwhile, the foreign direct investment has not played any role in diversifying the national economy. The research uses the two stages least squares to show this relationship

Journal Title

Topics in Middle Eastern and North African Economies

ISSN

2334-282X

Publisher

Middle East Economic Association and Loyola University Chicago

Volume

20

Issue

1

Comments

Presentation of the articles in the Topics in Middle Eastern and North African Economies was made possible by a limited license granted to Loyola University Chicago and Middle East Economics Association from the authors who have retained all copyrights in the articles.

Creative Commons License

Creative Commons License
This work is licensed under a Creative Commons Attribution-Noncommercial-No Derivative Works 3.0 License.

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