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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 …
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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 …
Persistent link: https://www.econbiz.de/10011298529
studies of the seventies and eighties under the auspices of OECD, NBER and World Bank. These studies played a critical role in … country regressions as a methodology of analysis of issues relating to growth, trade and other issues. Both proponents (e ….g. Sachs and Warner (1995)) and opponents (Rodriguez and Rodrik (1999)) of the view that openness to trade is linked to higher …
Persistent link: https://www.econbiz.de/10011609050
The role of regulatory quality as one of the so-called deep determinants of growth has emerged as an important issue in … economic research in the past 20 years. The positive or negative growth effects of a countryś regulatory framework are …. Therefore, the two potential determinants to growth might be interlinked. So far there is very little empirical evidence on the …
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We estimate the effect of imports and exports of intermediates on economic growth in a panel of more than 100 among … developed and developing economies. We find that both capital and intermediate imports positively affect growth. The overall … from high income economies. Exports do not appear to affect growth in the long run …
Persistent link: https://www.econbiz.de/10013106472
promoting technology transfers. We quantify this effect in a growth model that incorporates trade, technology transfers, and …
Persistent link: https://www.econbiz.de/10015073276