<?xml version="1.0" encoding="ISO-8859-1"?><article xmlns:mml="http://www.w3.org/1998/Math/MathML" xmlns:xlink="http://www.w3.org/1999/xlink" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance">
<front>
<journal-meta>
<journal-id>2248-6046</journal-id>
<journal-title><![CDATA[Revista Finanzas y Política Económica]]></journal-title>
<abbrev-journal-title><![CDATA[Finanz. polit. econ.]]></abbrev-journal-title>
<issn>2248-6046</issn>
<publisher>
<publisher-name><![CDATA[Universidad Católica de Colombia]]></publisher-name>
</publisher>
</journal-meta>
<article-meta>
<article-id>S2248-60462022000200489</article-id>
<article-id pub-id-type="doi">10.14718/revfinanzpolitecon.v14.n2.2022.7</article-id>
<title-group>
<article-title xml:lang="en"><![CDATA[Reviewing the Trade Openness, Domestic Investment, and Economic Growth Nexus: Contemporary Policy Implications for the MENA Region]]></article-title>
<article-title xml:lang="es"><![CDATA[Revisión del nexo entre apertura comercial, inversión interna y crecimiento económico: implicaciones políticas contemporáneas para la región MENA]]></article-title>
</title-group>
<contrib-group>
<contrib contrib-type="author">
<name>
<surname><![CDATA[Taiwo Onifade]]></surname>
<given-names><![CDATA[Stephen]]></given-names>
</name>
<xref ref-type="aff" rid="Aff"/>
</contrib>
<contrib contrib-type="author">
<name>
<surname><![CDATA[Qahar Khatir]]></surname>
<given-names><![CDATA[Abdul]]></given-names>
</name>
<xref ref-type="aff" rid="Aff"/>
</contrib>
<contrib contrib-type="author">
<name>
<surname><![CDATA[Ay]]></surname>
<given-names><![CDATA[Ahmet]]></given-names>
</name>
<xref ref-type="aff" rid="Aff"/>
</contrib>
<contrib contrib-type="author">
<name>
<surname><![CDATA[Canitez]]></surname>
<given-names><![CDATA[Murat]]></given-names>
</name>
<xref ref-type="aff" rid="Aff"/>
</contrib>
</contrib-group>
<aff id="Af1">
<institution><![CDATA[,KTO Karatay University Faculty of Economics and Administrative Sciences Department of International Trade and Logistics]]></institution>
<addr-line><![CDATA[Konya ]]></addr-line>
<country>Turkey</country>
</aff>
<aff id="Af2">
<institution><![CDATA[,Selçuk University Department of Economics ]]></institution>
<addr-line><![CDATA[Konya ]]></addr-line>
<country>Turkey</country>
</aff>
<aff id="Af3">
<institution><![CDATA[,Selçuk University Department of Economics ]]></institution>
<addr-line><![CDATA[Konya ]]></addr-line>
<country>Turkey</country>
</aff>
<aff id="Af4">
<institution><![CDATA[,KTO Karatay University Faculty of Economics and Administrative Sciences Department of International Trade and Logistics]]></institution>
<addr-line><![CDATA[Konya ]]></addr-line>
<country>Turkey</country>
</aff>
<pub-date pub-type="pub">
<day>00</day>
<month>12</month>
<year>2022</year>
</pub-date>
<pub-date pub-type="epub">
<day>00</day>
<month>12</month>
<year>2022</year>
</pub-date>
<volume>14</volume>
<numero>2</numero>
<fpage>489</fpage>
<lpage>512</lpage>
<copyright-statement/>
<copyright-year/>
<self-uri xlink:href="http://www.scielo.org.co/scielo.php?script=sci_arttext&amp;pid=S2248-60462022000200489&amp;lng=en&amp;nrm=iso"></self-uri><self-uri xlink:href="http://www.scielo.org.co/scielo.php?script=sci_abstract&amp;pid=S2248-60462022000200489&amp;lng=en&amp;nrm=iso"></self-uri><self-uri xlink:href="http://www.scielo.org.co/scielo.php?script=sci_pdf&amp;pid=S2248-60462022000200489&amp;lng=en&amp;nrm=iso"></self-uri><abstract abstract-type="short" xml:lang="en"><p><![CDATA[Abstract This study researches the impact of trade openness on the economic performances of selected Middle East and North Africa (MENA) countries, while incorporating elements of domestic investments into the empirical analysis in the wake of the recent trends of trade liberalization among nations. The study is based on an empirical analysis of panel data observations from the selected countries within the framework of the Fully Modified Ordinary Least Square (FMOLS) and the Dynamic Ordinary Least Square (DOLS) regression techniques. The empirical results affirm the existence of a long-run relationship among the variables. However, while domestic investment and the size of the labor force significantly impact economic growth in a positive direction among these countries, trade openness was found to be negatively impacting economic growth for the period of the study. It is there-fore recommended that cogent effort should be directed towards investments that are crucial for the improvement of labor productivity and the production value chains in the domestic economies to dissuade or minimize the rate of export of raw primary commodities. Also, adequate steps should be taken to improve the overall business environment, remove trade impediments, and strengthen institutions among the countries in the region to harness the benefits of trade in our increasingly globalized world.]]></p></abstract>
<abstract abstract-type="short" xml:lang="es"><p><![CDATA[Resumen Este estudio investiga el impacto de la apertura comercial en el desempeño económico de países seleccionados de Oriente Medio y África del Norte (MENA, por sus siglas en inglés), al tiempo que incorpora elementos de la inversión nacional en el análisis empírico a raíz de las recientes tendencias hacia la liberalización del comercio entre las naciones. El estudio se basa en un análisis empírico de datos de panel de los países seleccionados mediante las técnicas de regresión del Mínimo Cuadrado Completamente Modificado (FMOLS, por sus siglas en inglés) y el Mínimo Cuadrado Dinámico Ordinario (DOLS, por sus siglas en inglés). Los resultados empíricos afirman la existencia de una relación de largo plazo entre las variables. Sin embargo, si bien la inversión nacional y el tamaño de la fuerza laboral tienen un impacto positivo significativo en el crecimiento económico de estos países, se encontró que la apertura comercial tuvo un impacto negativo en el crecimiento durante el período de estudio. Por lo tanto, se recomienda que se dirijan esfuerzos contundentes hacia inversiones cruciales para mejorar la productividad laboral y las cadenas de valor de producción en las economías nacionales para disuadir o minimizar la tasa de exportación de materias primas primarias. Además, se deben tomar las medidas adecuadas para mejorar el entorno empresarial en general, eliminar los obstáculos comerciales y fortalecer las instituciones de los países de la región para aprovechar los beneficios del comercio en nuestro mundo cada vez más globalizado.]]></p></abstract>
<kwd-group>
<kwd lng="en"><![CDATA[trade openness, domestic investment, labor, FMOLS &amp; DOLS]]></kwd>
<kwd lng="en"><![CDATA[MENA countries]]></kwd>
<kwd lng="es"><![CDATA[apertura comercial]]></kwd>
<kwd lng="es"><![CDATA[inversión nacional]]></kwd>
<kwd lng="es"><![CDATA[fuerza laboral]]></kwd>
<kwd lng="es"><![CDATA[FMOLS y DOLS]]></kwd>
<kwd lng="es"><![CDATA[países MENA]]></kwd>
</kwd-group>
</article-meta>
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