The impact of trade openness on gross domestic product: a study of global financial crisis in Asian countries / Nick Shafanddy Nain

This paper to explore the impact of Trade Openness (TO) on the Gross Domestic Product (GDP) for the Asian Countries on the Pre-Global Financial Crisis (Pre-GFC), The-Global Financial Crisis (The-GFC), and Post-Global Financial Crisis (Post-GFC) by looking the performance of the level of openness and population of the countries. This study is conducted on five (5) selected Asian countries as a samples study from overall 32 Asian countries from year 1993 to 2012 (20 years). In order to measured the performance of Trade Openness (TO) and total Population (POP) on the Gross Domestic Product (GDP) during the three sub-seasons of financial crisis like Pre-Global Financial Crisis (Pre-GFC), The-Global Financial Crisis (The-GFC), and Post-Global Financial Crisis (Post-GFC), there are some test used such as Simple Regression Model, Multiple Regression Model, Fixed-Effect Model, Random-Effect Model, and Hausman Test to see whether the Fixed-Effect Model or Random-Effect Model is appropriate to be use.