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Assessing the Role of Trade Openness, FDI, and Political Stability on Sustainable Development: Evidence From Developed and Developing Economies

Assessing the Role of Trade Openness, FDI, and Political Stability on Sustainable Development: Evidence From Developed and Developing Economies

Sathish Pachiyappan, Jabez J. P., Shylaja H. N., John Paul Raj V, Saravanan Vellaiyan
Copyright: © 2023 |Pages: 17
ISBN13: 9781668499795|ISBN10: 1668499797|ISBN13 Softcover: 9798369348536|EISBN13: 9781668499801
DOI: 10.4018/978-1-6684-9979-5.ch008
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MLA

Pachiyappan, Sathish, et al. "Assessing the Role of Trade Openness, FDI, and Political Stability on Sustainable Development: Evidence From Developed and Developing Economies." Promoting Sustainable Management Through Technological Innovation, edited by Supriya Lamba Sahdev, et al., IGI Global, 2023, pp. 100-116. https://doi.org/10.4018/978-1-6684-9979-5.ch008

APA

Pachiyappan, S., Jabez J. P., Shylaja H. N., Raj V, J. P., & Vellaiyan, S. (2023). Assessing the Role of Trade Openness, FDI, and Political Stability on Sustainable Development: Evidence From Developed and Developing Economies. In S. Lamba Sahdev, C. Krishnan, & A. Hassan (Eds.), Promoting Sustainable Management Through Technological Innovation (pp. 100-116). IGI Global. https://doi.org/10.4018/978-1-6684-9979-5.ch008

Chicago

Pachiyappan, Sathish, et al. "Assessing the Role of Trade Openness, FDI, and Political Stability on Sustainable Development: Evidence From Developed and Developing Economies." In Promoting Sustainable Management Through Technological Innovation, edited by Supriya Lamba Sahdev, Chitra Krishnan, and Ahdi Hassan, 100-116. Hershey, PA: IGI Global, 2023. https://doi.org/10.4018/978-1-6684-9979-5.ch008

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Abstract

The study tries to investigate the long run and short run relationship between trade openness (TO), political stability (PO), and FDI on sustainable development of select developed and developing nations. Time series data from 1995 to 2021 of about 25 economies—10 developed economies and 15 developing economies—was collected and analyzed using Phillips Perron Fisher panel unit root test, panel auto regressive distributed lag (PARDL) model, and panel fully modified least squares/fully modified OLS. From the result, it found that FDI and TO are positively contributing to sustainability development index (SDI) in developing countries rather than the developed countries in the long run. In addition to this, changes in the SDI score is significantly influenced by the present and past import and export activities in developed as well as developing economies in the short run.

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