This research investigates the impact of trade openness and foreign direct investment (FDI) on economic growth. Using a …

-output trade-off and suggests that the ultimate effect of openness on the output-inflation relationship is influenced by a variety … effect of openness on the sacrifice ratio. We develop a simple theoretical model showing how both the extent of pass through … and openness can interact to influence the output-inflation relationship. Next we empirically explore the nature of these …

greater central bank independence; and (3) increased openness is more likely to reduce inflation in nations with less …

Do openness and human capital accumulation promote economic growth? While intuition argues yes, the existing empirical … factor productivity that include, among many others, human capital, openness, and distortion of domestic prices relative to … price distortion and increasing openness. Human capital plays a smaller role in enhancing growth through total factor …

technological innovators and non-innovators. With the exception of openness of search, we find that factors shaping such perceptions …

transport cost lead to greater openness, higher productivity and lower inflation. Following a decline in transport cost openness … disentangle the influences of monetary policy and globalization by showing that openness-induced productivity growth leads to a …

We study the relationship between openness and payment system development. In particular, we analyze how the existence … choice observed in the data after 2001. We argue that the switch towards electronic payments can be attributed to openness …