Relationship of the trade and financial opening with the economic growth of Peru, period 2000-2019

Abstract

The objective of the study was to determine the relationship between commercial and financial openness with the economic growth of Peru, period 2000-2019; using econometric analysis. The research was explanatory - correlational, longitudinal and non-experimental. There is the presence of a direct relationship between the variable trade openness and economic growth; and an indirect or inverse relationship between financial openness and economic growth. By contrasting the general hypothesis, it was confirmed that there is an important relationship between the variables of the specified model, with an indirect relationship between the variable financial openness and economic growth. According to the specific hypothesis, the trade openness variable does not have a high relationship with the economic growth variable; It also has a coefficient of 0.232060, which implies that the effect is not significant. The regression coefficient indicates that 66.15% of the fluctuation in economic growth is explained by the independent variables.