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theory of international trade. …
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The impact of international trade, or “openness”, on economic growth is difficult to quantify because of reverse causality. In this paper, I use recent advances in gravity equation estima- tion to generate a geography-based instrument for openness a la Frankel and Romer (1999). In contrast...
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processed exports from the PRC to the rest of the world and that ordinary imports are closely linked to PRC gross domestic … turbulence in the PRC can spill over to trading partners through the trade channel. Exports from several East Asian and Southeast … exposed to a slowdown in advanced economies that purchase processed exports from the PRC than to a slowdown in the PRC. Major …
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