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costs of natural disasters: trade openness and income per capita (Chapter 4), and natural disasters, international …
Persistent link: https://www.econbiz.de/10011744094
costs of natural disasters: trade openness and income per capita (Chapter 4), and natural disasters, international …
Persistent link: https://www.econbiz.de/10010877519
This paper deals with a classic development question: how can the process of economic development – transition from stagnation in a traditional technology to industrialization and prosperity with a modern technology – be accelerated? Lewis (1954) and Rostow (1956) argue that the pace of...
Persistent link: https://www.econbiz.de/10010877851
This paper examines the short-term and long-run dynamics between per capita GDP growth and openness for 158 countries … between openness and growth by including only growth rates and lagged values of the independent variable. Additionally, we … the lagged endogenous variable and the error term. The results suggest a long-run relationship between openness and …
Persistent link: https://www.econbiz.de/10010902058
Based on provincial panel data, we tested the effects of openness, denationalization, fiscal reform, and their … interactions on Chinese regional economic growth. We found the following: (1) Openness, especially the growth of foreign … China. (3) The interaction of economic policies, such as openness, denationalization, and fiscal reform, also plays an …
Persistent link: https://www.econbiz.de/10010944946
There is agreement in the literature on economic growth concerning the transitory effects of capital accumulation on the process of economic development. However, controversy arises if this effect is permanent. In this sense, the key point is the embodied technological progress and whether...
Persistent link: https://www.econbiz.de/10011015258
conditional correlation between trade openness and GDP per head growth - though openness has a positive link via investment. The …
Persistent link: https://www.econbiz.de/10011277852
effects between a greater extent of exchange-rate pass through and openness to international trade as factors that we find … both contribute to lower inflation. The interplay between the inflation effects of pass through and openness suggest that … both pass through and openness can interact to influence the sacrifice ratio, and we empirically explore the nature of the …
Persistent link: https://www.econbiz.de/10005077851
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/10009224870
The study seeks to investigate empirically the direction and shape of causality among trade openness, investment and … openness, national income growth and total investment. Furthermore, empirical results of Granger causality confirm that there … exists unidirectional causality between economic growth and investment; between trade openness and economic growth; and …
Persistent link: https://www.econbiz.de/10009401344