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affected by geophysical disasters; rich more by meteorological events. International openness and democratic institutions …
Persistent link: https://www.econbiz.de/10010328846
affected by geophysical disasters; rich more by meteorological events. International openness and democratic institutions …
Persistent link: https://www.econbiz.de/10011078008
Wraz z globalizacja gospodarki swiatowej stopien wzajemnego otwarcia gospodarek wzrasta, co oznacza, ¿e wzrost gospodarczy staje sie coraz w wiekszym stopniu uzale¿niony od wzajemnych zale¿nosci miedzy gospodarkami. Pomimo dominacji popularnego pogladu o korzystnym wplywie otwartosci...
Persistent link: https://www.econbiz.de/10005702971
two stages. First, a gravity analysis shows that the EU was more attractive than EFTA since it triggered a higher degree …
Persistent link: https://www.econbiz.de/10005755402
The 1870-1913 period marked the birth of the first era of trade globalization. How did this tremendous increase in trade affect economic development? This work isolates a causality channel by exploiting the fact that the steamship produced an asymmetric change in trade distances among countries....
Persistent link: https://www.econbiz.de/10010851482
The 1870-1913 period marked the birth of the first era of trade globalization. How did this tremendous increase in trade affect economic development? This work isolates a causality channel by exploiting the fact that the steamship produced an asymmetric change in trade distances among countries....
Persistent link: https://www.econbiz.de/10010787868
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
homogenous for all countries but rather varies according to the development stage and the degree of trade openness. We apply … panel into different income and trade openness groups, a long-run relationship is observed only for high-income countries … and countries with a relatively high degree of trade openness. …
Persistent link: https://www.econbiz.de/10014504268
investment share, initial human capital, trade openness, the national income share of natural resource exports and population …
Persistent link: https://www.econbiz.de/10008670359
While trade integration is often regarded as a principal determinant of economic growth, the empirical evidence for a causal linkage between trade and growth is ambiguous. This paper argues that the effect of trade in dynamic panel estimations depends crucially on the specification of trade....
Persistent link: https://www.econbiz.de/10010985989