This paper revisits the relationship between international trade and economic growth. We measure trade openness indices … in explaining growth gains from trade. Using sectoral level data from WORLD KLEMS Database on industrial productivity and … growth. Openness in terms of final consumer goods turns out to be insignificant in most specifications. We also estimate …

We build and estimate a structural dynamic general equilibrium model of growth and trade. Trade affects growth through …, growth affects trade, directly through changes in country size and indirectly through altering the incidence of trade costs …. Theory translates into an intuitive econometric system that identifies the causal impact of trade on income and growth, and …

measuring country openness may provide a valuable perspective on economic growth. … openness that is quite different from the various alternatives proposed by the received literature. In contrast to these, our …’s level of integration in the world economy through the full architecture of its second, third, and all other higher …

markets to insure themselves. In this paper we examine the relationship between government size, trade openness, and output …

market capitalization (both as share of GDP). Domestic financial openness has a positive effect on both proxies for financial … development, while trade openness seems only important for stock market capitalization. Inflation has an adverse effect on …

Does trade openness cause higher GDP per capita? Since the seminal instrumental variables (IV) estimates of Frankel and … level to construct an instrument for multilateral openness that varies across countries and time. The instrument can be used …' performances as well as for the direct effect of disasters. We find that the elasticity of income with respect to openness is about …

We examine how trade openness influences income inequality within countries. The sample includes 139 countries over the … period 1970-2014. We employ predicted openness as instrument to deal with the endogeneity of trade openness. The effect of … trade openness on income inequality differs across countries. Trade openness tends to disproportionately benefit the …

most countries around the world. Turning to the relationship between countries, we show that average life satisfaction is …-being. Finally, studying changes in satisfaction over time, we find that as countries experience economic growth, their citizens …' life satisfaction typically grows, and that those countries experiencing more rapid economic growth also tend to experience …