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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 … output and global input output tables to construct the measures of trade openness, our empirical analysis covering 21 …
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permits easy quantification based on countries' observed degrees of openness, their tariff revenues, and gravity elasticities …
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. Theory translates into an intuitive econometric system that identifies the causal impact of trade on income and growth, and …
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Economic theory and empirical research confirm that the rising international integration caused an increase in …
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