Effect of trade openness on the economic growth of : Evidence from five developing countries / Nurul Amirah Eryano

Trade openness is getting popular among the developing countries and developed countries due
to its effectiveness. This has triggered discussions on the effect of trade openness on economic
growth at different rates. Many researchers found different results on their study. The main aim
of this research is to evaluate the relationship of trade openness and rate of inflation on the
mechanism of economic growth in Malaysia, Indonesia, Thailand, Philippines and Vietnam.
Inflation, investment and real exchange rate are also used as control variables in this study. For
investigating the correlation between trade openness, inflation, investment, exchange rate and
economic growth of these countries, the data used in this study are secondary data sources derived
from the World Development Indicators (WDI) of the World Bank over the period 2005-2019.