Freund, Caroline; Bolaky, Bineswaree - 2008
We examine the relationship between openness and per-capita income using cross-country data from 126 countries. We find … policy to trade liberalization. Specifically, after controlling for the standard determinants of per-capita income, our … results imply that a 1% increase in trade is associated with more than a one-half percent rise in per-capita income in …