Hello every one. At the moment, I am conducting a research (PhD Theses) about trade openness and economic growth in Libya. My question is that, should I use nominal or real trade openness index. The index which I am planning to use is trade share. Therefor, I am a bit confused of using this index.
Esat Durguti
Please read this article maybe it will be useful for you.
You can use also trade openes as a share of Gdp
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Mohammad Sahabuddin
In my opinion, the real trade openness index is appropriate for you.
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