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, greater openness of the economy, and macroeconomic stability are indispensable. …
Persistent link: https://www.econbiz.de/10011421244
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Does trade openness cause higher GDP per capita? Since the seminal instrumental variables (IV) estimates of Frankel and … level to construct an instrument for multilateral openness that varies across countries and time. The instrument can be used …' performances as well as for the direct effect of disasters. We find that the elasticity of income with respect to openness is about …
Persistent link: https://www.econbiz.de/10010277354
de jure trade openness is positively and significantly associated with takeoffs. A one standard deviation increase in de … jure trade openness is associated with a 55% increase in the probability of a takeoff in our default specification. We also … find evidence that capital account openness encourages takeoff responses, although this channel is less robust. Measures of …
Persistent link: https://www.econbiz.de/10010285304
.g. Sachs and Warner (1995)) and opponents (Rodriguez and Rodrik (1999)) of the view that openness to trade is linked to higher …. It concludes that the virtues of openness established in these nuanced in-depth studies remain unrefuted. …
Persistent link: https://www.econbiz.de/10010369159
in the inequality and growth literature. These include growth, openness, wages, and liberalisation. We review the …
Persistent link: https://www.econbiz.de/10010262079
This paper investigates the impact of openness to trade and higher levels of human capital on the economies of some … MENA countries. To answer the question: whether either human capital or openness can be shown to cause productivity, we use … show a significant impact of openness on productivity growth. We find also an effect, significant at the ten per cent level …
Persistent link: https://www.econbiz.de/10010262187
The question whether international openness causes higher domestic growth has been subject to intense discussions in …s and the lower international openness of East Germany are linked. We address the endogeneity of openness by adapting … the methodology proposed by Frankel and Romer (1999) in a panel framework. We instrument openness with time …
Persistent link: https://www.econbiz.de/10010262870
In this paper, we apply a convex hull approach to counterfactual analysis of trade openness and growth. The experiments … we choose evaluate the importance of trade openness for growth across African countries. Specifically, we ask the … with the literature arguing that greater trade openness would unequivocally lead to higher growth in Africa. …
Persistent link: https://www.econbiz.de/10010265984