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Investigating the influence of economic and socio-political openness on growth

Perović, Lena Malešević; Simic, Vladimir; Mustra, Vinko - In: International journal of economic sciences and applied … 6 (2013) 3, pp. 35-59

This paper investigates the influence of international openness on economic growth in a sample of 32 European economies …. The usual approach in the literature on the topic is to observe the impact of trade openness on growth. We, however …, broaden this standard approach and analyse not only economic aspect of openness but also socio-political aspect. In our …

Persistent link: https://www.econbiz.de/10010346735

Trade openness and the growth-poverty nexus : a reappraisal with a new openness indicator

Wannaphong Durongkaveroj - In: Asian development review : studies of Asian and pacific … 41 (2024) 2, pp. 7-29

transformation. The standard trade theory postulates that trade openness contributes to poverty alleviation directly by changing … the trade-to-grossdomestic-product ratio to measure openness often fail to ﬁnd a direct eﬀect of openness on poverty over … eﬀectiveness of the factor proportion channel may be due to limitations of the commonly used measure of trade openness: the trade …

Persistent link: https://www.econbiz.de/10015120763

Robust Dynamic Space-Time Panel Data Models Using?-Contamination : an Application to Crop Yields and Climate Change

Baltagi, Badi H.; Bresson, Georges; Chaturvedi, Anoop; … - 2023

This paper extends the Baltagi et al. (2018, 2021) static and dynamic ?-contamination papers to dynamic space-time models. We investigate the robustness of Bayesian panel data models to possible misspecification of the prior distribution. The proposed robust Bayesian approach departs from the...

Persistent link: https://www.econbiz.de/10014264204

Capital Market Integration and Wages

Chari, Anusha - 2012

For three years after the typical emerging economy opens its stock market to inflows of foreign capital, the average annual growth rate of the real wage in the manufacturing sector increases by a factor of three. No such increase occurs in a control group of countries. The temporary increase in...

Persistent link: https://www.econbiz.de/10013114145

Capital Market Integration and Wages

Chari, Anusha - 2012

Persistent link: https://www.econbiz.de/10013106167

Shedding Light on the Spatial Diffusion of Disasters

Felbermayr, Gabriel - 2018

Climate research suggests that global warming will lead to more frequent and more extreme natural disasters. Most disasters are local events with effects on local economic growth. Hence, assessing their economic impacts with the help of econometric country-level analysis may lead to biased...

Persistent link: https://www.econbiz.de/10012912423

Nonlinear propagation of sectoral productivity shocks with variable elasticities of substitution

Paul, Saumik; Raju, Dhushyanth - 2023

This paper examines the nonlinear propagation of sectoral productivity shocks in a general equilibrium framework with intersectoral linkages characterized by allowing elasticities of substitution in sectoral outputs and sectoral productivities to vary across sector pairs. Evidence based on a...

Persistent link: https://www.econbiz.de/10014429881

The Long-Run Effects of Trade on Income and Income Growth

Brunner, Allan D. - 2021

This paper examines the dynamic relationship between trade and income. While most economists agree that increased trade leads to an increase in average income, economic theory is ambiguous about the possible effects on the long-run growth rate of the economy. Using a dynamic panel data model,...

Persistent link: https://www.econbiz.de/10013318023

A shrinkage instrumental variable estimator for large datasets

Carriero, Andrea; Kapetanios, George; Marcellino, … - 2008

This paper proposes and discusses an instrumental variable estimator that can be of particular relevance when many instruments are available. Intuition and recent work (see, e.g., Hahn (2002)) suggest that parsimonious devices used in the construction of the final instruments, may provide...

Persistent link: https://www.econbiz.de/10010284174

Market Power, Multinationality and Intra-EU Industry Exports in the 1990s

Egger, Peter - 2001

This paper assesses the impact of market power and multinationality in EU12 manufacturing industries on EU integration in goods trade in the 90ies. An increase in the market concentration exhibits a positive impact on bilateral exports, while an increase in multinationality works in the opposite...

Persistent link: https://www.econbiz.de/10011435095