International Journal of Financial Management and Economics
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E-ISSN: 2617-9229|P-ISSN: 2617-9210
International Journal of Financial Management and Economics
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Vol. 7, Issue 2 (2024)

Measuring the impact of some Indices of economic efficiency of foreign trade on the economic growth of Singapore for the period (1990-2022)


Dr. Ibrahim Abdullah Jasim

The research seeks to examine whether the economic efficiency indices of foreign trade have an impact on Singapore's economic growth. The theory advanced by the research is that there is a significant and positive effect of economic efficiency indices of foreign trade on economic growth. To test the worth of this hypothetical proposition, a counteraction relationship linking economic efficiency indices of foreign trade with economic growth will be measured on the one hand using six major indices that express Indexes of economic efficiency for foreign trade (coverage rate index, economic exposure index, export significance index, import significance index, economic participation index, the average per capita share imported by foreigners indexes) and on the other using one which expresses economic growth (Gross domestic product) through eviews12 software. After running a routine test series, a statement of conclusions was drawn. Under the ARDL methodology based on estimated parameter results for short-term and long-term data, from this point of view, all of the economic efficiency indexes for foreign trade except for the (Import importance) index are positively correlated to gross national product: Increase one ann increase in Gross National Product. This result is consistent with economic logic and theory. The report included a set of recommendations, such as increasing the level of support that the Singaporean government gives to its foreign trade sector in a way which can maintain social value; judgments are made about Singapore's economic behavior. With foreign trade being a major foreign exchange provider to help finance projects and growth in nation-building year after year.
Pages : 324-333 | 134 Views | 49 Downloads


International Journal of Financial Management and Economics
How to cite this article:
Dr. Ibrahim Abdullah Jasim. Measuring the impact of some Indices of economic efficiency of foreign trade on the economic growth of Singapore for the period (1990-2022). Int J Finance Manage Econ 2024;7(2):324-333. DOI: 10.33545/26179210.2024.v7.i2.378
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