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This paper examines the relationship between the brain drain and country size, as well as the extent of small states’ overall loss of human capital. We find that small states are the main losers because they i) lose a larger proportion of their skilled labor force and ii) exhibit stronger...
Persistent link: https://www.econbiz.de/10005822707
This paper studies the effect of trade openness on output volatility. We find that trade openness generally increased … we split the sample into developed and developing countries, we observe that more openness increased volatility in … increased volatility in less developed countries. Part of the positive relation between openness and volatility may be explained …
Persistent link: https://www.econbiz.de/10005835511
The results of empirical studies on the 1980 Turkish economic reform programme frequently suggest that openness has a … positive impact on growth in Turkey. However, the results of empirical literature on the relationship between openness and … growth have always been under criticism for using openness variables,which are not objective measures of openness, involve …
Persistent link: https://www.econbiz.de/10005835784
implications of trade openness. Therefore, this study aims to examine the relationship between trade openness and government …-run linkage between trade openness and government expenditure of all the ASEAN-4 countries under study. This means that government …
Persistent link: https://www.econbiz.de/10005836073
relations are examined. The first aspect concerns Smith's conception of the gains from international trade and openness. The …
Persistent link: https://www.econbiz.de/10009200402
Se ha estudiado la existencia de quiebres estructurales en la PTF y en varios indicadores de apertura para una muestra de 20 economías latinoamericanas y del Caribe para el período 1960-2005. Se han utilizado los tests de Zivot y Andrews (1992) y el de Bai Perron (1998) sobre una serie de PTF...
Persistent link: https://www.econbiz.de/10009416791
For 106 countries over 1969-2004, this paper revisits the relationship between openness, education and economic growth …
Persistent link: https://www.econbiz.de/10009421196
We consider the weighting scheme that results in a best-case scenario in the construction of the world governance indicators (WGIs), a proxy of institutional quality. To perform that, we use an approach that relies on consistent tests for stochastic dominance efficiency of a given index with...
Persistent link: https://www.econbiz.de/10011240947
The literature that study the positive relation between openness and growth is extensive, but the discussion about it … and the influence of the openness´ channels. The channels in study are: technology transmition, exports, price distortion …, size of Government and foreign direct investment. The results report that openness influence growth through different links …
Persistent link: https://www.econbiz.de/10011245927
Political stability is generally hailed as an asset that yields positive economic dividends. In particular, the macroeconomic environment is likely to benefit from political stability. On the other hand, the existence of a sizeable shadow (or informal) economy represents institutional weaknesses...
Persistent link: https://www.econbiz.de/10011150754