1Professor, University of International Business and Economics, Department of Management, Beijing, China
2Doctoral Scholar, COMSATS University, Islamabad, Vehari Campus, Pakistan
3Doctoral Scholar, OP Jindal University, Jindal Global Business School, Department of Business Management, Sonipat, Haryana, India
This study inspects the influence of trade openness on the economic growth of Brazil by employing the autoregressive distributed lag (ARDL) approach over the period 1980–2024. Overall, empirical results show that trade volume has a positive and significant impact on economic growth. Findings further reveal that trade restriction measures have negative and significant impact on economic growth in long run as well as short run. The findings suggest that developing countries like Brazil need to consider trade openness policy as a long-term growth plan of the country. The policy direction of Brazil should focus on more liberal policies to enhance economic growth, which will eventually lead to poverty reduction too. Brazil should open free trade with developing countries like Pakistan, which enrich with natural resources and introducing technological innovation in all the field of like.
Trade openness, Economic growth, Autoregressive Distributed Lag (ARDL), Brazil
