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Do openness to trade and higher levels of human capital promote faster productivity growth? That they do is a key … 1970-2000 period. Controlling for fixed effects as well as endogeneity, the results show a significant effect of openness … on productivity growth. If the level of openness of an economy is doubled the underlying rate of technical progress will …
Persistent link: https://www.econbiz.de/10011152494
Do openness to trade and higher levels of human capital growth promote faster growth? To answer that question we use a … panel of countries to investigate the role of human capital and two measures of openness in determining both the level of … for possible endogeneity of explanatory variables, we show that both measures of openness, one the Sachs-Warner measure …
Persistent link: https://www.econbiz.de/10011152508
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 …
Persistent link: https://www.econbiz.de/10011048553
In this paper, we investigate the robustness of the relationship between trade openness and long-run economic growth … a systematic manner. We find no evidence that trade openness is directly and robustly correlated with economic growth in … the long run. We further check the robustness of this finding by employing a battery of proxies for trade openness, namely …
Persistent link: https://www.econbiz.de/10011048896
natural resource outflow, market size and openness have direct impact on FDI inflow while risk factors like inflation rate and …
Persistent link: https://www.econbiz.de/10011108701
Do openness to trade and higher levels of human capital promote faster productivity growth? That they do is a key … 1970-2000 period. Controlling for fixed effects as well as endogeneity, the results show a significant effect of openness … on productivity growth. If the level of openness of an economy is doubled the underlying rate of technical progress will …
Persistent link: https://www.econbiz.de/10005556098
Persistent link: https://www.econbiz.de/10005558216
Many theoretical models show that trade openness has positive welfare implications. Yet, openness might affect … question whether trade openness affects within-country income differentials. In Italy, the more affluent regions are … migration. Prima facie, there is a positive correlation between openness and per capita income. Studying this relationship …
Persistent link: https://www.econbiz.de/10005558237
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/10005558241
.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/10005558464