Showing 1 - 10 of 388
We estimate the interrelationships among economic institutions, political institutions, openness, and income levels, using identification through heteroskedasticity (IH). We split our cross-national dataset into two sub-samples: (i) colonies versus non-colonies; and (ii) continents aligned on an...
Persistent link: https://www.econbiz.de/10005019415
This paper quantifies the gains from openness arising from trade and multinational production (MP). We present a model that captures key dimensions of the interaction between these two flows: Trade and MP are competing ways to serve a foreign market; MP relies on imports of intermediate goods...
Persistent link: https://www.econbiz.de/10008601680
This paper integrates in a unified and tractable framework some of the key insights of the field of international trade and economic growth. It examines a sequence of theoretical models that share a common description of technology and preferences but differ on their assumptions about trade...
Persistent link: https://www.econbiz.de/10005050247
Rodriguez and Rodrik (2000) argue that the relation between openness and growth is still an open question. One of the main problems in the assessment of the effect is the endogeneity of the relation. In order to address this issue, this paper applies the identification through heteroskedasticity...
Persistent link: https://www.econbiz.de/10005575322
role in increasing productivity growth in U.S. manufacturing. Contemporaneous levels of exports and productivity are indeed … positively correlated across manufacturing industries. However, tests on industry data show causality from productivity to … exporting but not the reverse. While exporting plants have substantially higher productivity levels, we find no evidence that …
Persistent link: https://www.econbiz.de/10005580062
Many studies have found a positive correlation between trade and growth, but do not attempt to identify the economic mechanisms involved. This paper attempts to identify one of the mechanisms linking trade and growth. In particular, we present a novel theoretical model that establishes a link...
Persistent link: https://www.econbiz.de/10005580400
According to the Washington Consensus, developing countries? growth would benefit from a reduction in tariffs and other barriers to trade. But a backlash against this view now suggests that trade policies have little or no impact on growth. If "getting policies right" is wrong or infeasible,...
Persistent link: https://www.econbiz.de/10005723140
In the 3 years before the 2008 Financial Crisis, GDP growth in sub Saharan Africa (averaged over individual economies) was around 6%, or 2 percentage points above mean growth rates for the preceding 10 years. This period also coincided with significant Chinese FDI flows into these countries,...
Persistent link: https://www.econbiz.de/10009353488
Since 1995, growth in productivity in the United States appears to have accelerated dramatically. In this paper, we … cause conventionally measured growth in real output and productivity to be overstated. Building on the GDP function approach … year, or about 20%, of the 1995-2006 apparent increase in productivity growth for the U.S. economy. Bias in the price …
Persistent link: https://www.econbiz.de/10008628356
This paper draws together a variety of openness measures to test the association between openness and growth. Although the correlation across different types of openness is not always strong, there is generally a positive association between growth and different measures of openness. The...
Persistent link: https://www.econbiz.de/10005714281