3 edition of Openness and economic growth found in the catalog.
Openness and economic growth
Daniel J. Motinga
Includes bibliographical references (leaves 18-22).
|Series||NEPRU working paper,, no. 79|
|Contributions||Namibian Economic Policy Research Unit.|
|LC Classifications||HC940.A1 N46 no. 79|
|The Physical Object|
|Pagination||iii, 21, 12 leaves :|
|Number of Pages||21|
|LC Control Number||2001314384|
openness and economic growth.2 However, the cross-country growth literature is still far from settled since the ﬂndings of this literature have been subject to an important criticism in terms of robustness. In particular, Edwards () and Rodrik and. Abstract. This article explores the relationship among financial globalization, trade openness and economic growth for the select South Asian countries, that is, Bangladesh, Bhutan, India, Pakistan and Sri Lanka over the time period –
‘Competitiveness’ has been presented as something to be actively encouraged, as it sparks innovation, generates trade, enhances market share, creates employment, and fosters growth. Economic competitiveness thus requires access to resources and markets, and an appropriate pro-business regulatory framework that supports economic development. This paper discusses the impact of trade openness policy on tariff structure, export competitiveness, inflation and economic growth of Latin American countries. The relationship between the trade openness and general price level as an indicator of inflation and robustness of this relationship has been explored in the study.
The policy of “reform and openness” (gaige kaifang) was consistently and uncompromisingly pursued by Deng Xiaoping since It laid the foundation for a successful transition from a planned economy to a market economy oriented towards the global market, achieving unprecedented high growth rates. Trade Openness Raises Economic Growth "More open countries have experienced faster productivity growth throughout the decades to " As rhythmic as the tide, every four years politicians rekindle the debate over trade policy. Is there a correlation between trade policy and economic .
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"Openness and Economic Growth" analyzes the relationship between openness and economic growth. The theoretical literature does not provide a clear answer to the relation between openness and economic growth and therefore creates the demand for additional empirical work to solve the puzzle.
The central aim of this book will be to figure out Author: Nima Montazeri. Trade Openness, Financial Openness, and Economic Growth [Halit YANIKKAYA] on *FREE* shipping on qualifying offers.
Do open economies grow faster than closed economies. Almost all empirical studies have provided an affirmative answer to this question. It isAuthor: Halit Yanikkaya. The relationship between economic growth and openness remains to be one of the prominent issues in both theoretical and policy context.
This issue has gained even more attention Openness and economic growth book recent years considering the persistent and widespread differences in economic performance among countries, especially among developing countries in the wake of growing international trade by: 1.
This book investigates the mechanisms through which openness affects regional economic growth and interregional disparities in China. Based on the latest data and employing a variety of panel data regression techniques, it provides readers with new findings that shed light on the effects of openness on China’s regional economic growth and the.
Relationships between Financial Development, Trade Openness, and Economic Growth: Empirical Evidence for Turkey: /ch The aim of this chapter is to investigate the cointegration and causal relationship between financial development, trade openness, and economic growth inAuthor: Fahri Seker, Murat Cetin, Birol Topcu, Gamze Yıldız Seren.
Economic openness, in political economy, the degree to which nondomestic transactions (imports and exports) take place and affect the size and growth of a national degree of openness is measured by the actual size of registered imports and exports within a national economy, also known as the Impex rate.
This measure is presently used by most political economists in empirically. Economic growth is the most powerful means of reducing poverty, moreover, although debated, a large body of empirical literature provides ample evidence that trade liberalization and trade openness have a positive impact on economic growth.
No country has successfully developed its economy by turning its back on international trade and long. analysis of the link between openness and economic growth. In this paper we examine this statement by reviewing the literature that examines the openness-growth link.
The paper is organised as follows. In the following section, we turn to some of the most cited empirical analyses of the relationship between international trade and growth. Empirical results on the links between trade openness and economic growth often suggest that, in the long run, more outward‐oriented countries register better economic growth.
However, a similar level of trade openness can hide different types of trade structures. The aim of this paper was to enrich the way of measuring trade openness taking. openness and economic growth in the GCC countries utilizing a panel data analysis approach. This paper is unrivaled to previous empirical studies in several ways.
Studies on the determinants of economic growth in the GCC countries are scarce. Figure 1. Trend of real per capita income of GCC.
trade openness and economic growth. These findings suggest that the causality is running from trade openness to economic growth instead of the other way round (Willard, ). The dominant message from the empirical literature during is that indeed there exists a positive relationship between trade openness and economic growth.
factors, it is worth investigating the effect of financial openness on economic growth, in addition to the effect of financial development. The global financial crisis of – fueled widespread skepticism about the positive effects of financial development on economic growth and popular hostility toward the financial industry.
Critically Review the Empirical Evidence on the Relationship between Trade Openness and Economic Growth Introduction: Inthe world as a whole produced goods and services worth an estimated $50trillion at current prices.
Of that total, more than 30 percent was sold across national borders (Krugman, Obstfeld and Melitz,p). That statistic alone highlights.
THE CONCEPT OF ECONOMIC GROWTH The purpose of this paper is to clarify certain issues which are prominent in discussions of the concept of economic growth. The main thesis is that the common practice of basing the definition of growth on an omnibus and pseudo-quantitative concept of aggre- gate economic welfare is not only untenable but is also.
1 – Introduction. 1The literature on the empirical relationship between growth and international trade is large, and has received a great stimulus with the appearance of models of endogenous fact, whereas in the neoclassical model it is difficult to find foreign trade and openness among the growth promoting factors, in contrast, in the new growth theories, the works of Grossman and.
Openness and economic growth in India. Indian Journal of Economics, July, Sinha, Dipendra and Sinha, Tapen (). Openness, investment and economic growth in Asia. Manuscript. Sinha, Tapen and Sinha, Dipendra (). An empirical investigation into the relationship between openness and economic growth: evidence from Asia.
The objective of this paper is to investigate the relationship between openness and economic growth covering 59 developing countries for the period to In this study, we employ. Also product trade growth and foreign investment has increased the role of these factors in country's economic growth.
(14) International economics argues about economic interdependence among countries. International economics deals to study the goods and services flow and payments of a country with other countries.
(3) III. The results of growth regressions are, at best, mixed, and several historical studies have found a positive relationship between tariffs and economic growth in the nineteenth century.
This paper adopts a different strategy. We look for cointegration between GDP per capita and openness for about thirty countries since The concepts of trade openness and economic growth are embedded in microeconomics and macroeconomics respectively.
Trade openness can be traced back to mercantilism, the classical economists and Heckscher-Ohlin trade theories. The mercantilists viewed economic activity as a zero-sum game in which one country’s economic gain was at the expense. between openness to international trade and economic growth.
I discuss the empirical contribu- tions of Warner (), Dollar and Kraay (), and Wacziarg and Welch (), and argue that.At the cross-country level, there is a correlation between economic growth and rising international trade.; Some of the most cited papers in this field (e.g.
Frankel & Romer and Alcalá & Ciccone ) rely on long-run macroeconomic data and find evidence of a causal relationship: trade is one of the factors driving economic growth. 1 Other important papers in this field have focused on.Openness and Growth: What's the Empirical Relationship?
Robert E. Baldwin. NBER Working Paper No. Issued in March NBER Program(s):International Trade and Investment There is still disagreement among economists concerning how a country's international economic policies and its rate of economic growth interact, despite a number of multi-country case studies utilizing comparable.