This paper is to analyze the effect of trade openness on regional inequality of South Korea. Trade has been the driving … force of Korea's economic growth since the 1960's and it still expands its trade openness through active participation on … bilateral and multilateral free trade agreements. In regard to this, this study measures the impact of Korea's trade openness on …

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 …

and Romer (1999) to a panel setup. This allows revisiting an old question: Does openness cause per capita GDP? We work … openness of a country. Controlling for constant determinants of income (history, geography) by means of fixed effects, we find …