Busse, Matthias; Königer, Jens - Hamburgisches WeltWirtschaftsInstitut (HWWI) - 2012
While trade integration is often regarded as a principal determinant of economic growth, the empirical evidence for a … causal linkage between trade and growth is ambiguous. This paper argues that the effect of trade in dynamic panel estimations … depends crucially on the specification of trade. Both from a theoretical as well as an empirical point of view one …