Ricci, Luca Antonio; Rigobon, Roberto; Lee, Ha Yan - National Bureau of Economic Research (NBER) - 2004
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...
