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Openness, Productivity and Growth: What Do We Really Know?
Open accessAbstract
Comparative data for 93 countries are used to analyse the robustness of the relationship between openness and total factor productivity growth. Nine indexes of trade policy are used to investigate whether the evidence supports the view that total factor productivity growth is faster in more open economies. The results are robust to the use of openness indicator, estimation technique, time period and functional form, and suggest that more open countries experienced faster productivity growth. Although the use of instrumental variables help dealing with endogeneity, issues related to causality remain somewhat open, and require time series analyses to be adequately addressed
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Cites
On the mechanics of economic development
Lucas, R. E. (1988) · Journal of Monetary Economics · doi:10.1016/0304-3932(88)90168-7 · Cited by 24,085
Cited by
Trade Policy and Economic Growth: A Skeptic's Guide to the Cross-National Evidence
Rodríguez, F., & Rodrik, D. (2000) · NBER Macroeconomics Annual · doi:10.1086/654419 · Cited by 2,355
Does financial liberalization spur growth?
BEKAERT, G., HARVEY, C., & LUNDBLAD, C. (2005) · Journal of Financial Economics · doi:10.1016/j.jfineco.2004.05.007 · Cited by 2,012
Smallholder market participation: Concepts and evidence from eastern and southern Africa
Barrett, C. B. (2008) · Food Policy · doi:10.1016/j.foodpol.2007.10.005 · Cited by 1,246
Trade Liberalization and Poverty: The Evidence So Far
Winters, L. A., McCulloch, N., & McKay, A. (2004) · Journal of Economic Literature · doi:10.1257/002205104773558056 · Cited by 1,085
Estimating Trade Restrictiveness Indices
Looi Kee, H., Nicita, A., & Olarreaga, M. (2009) · The Economic Journal · doi:10.1111/j.1468-0297.2008.02209.x · Cited by 1,018
Metadata
- Authors
- Edwards, S.
- Venue
- The Economic Journal
- Publisher
- Oxford University Press (OUP)
- Published
- 1998-03-01
- Volume
- 108
- Issue
- 447
- Pages
- 383-398
- ISSN
- 0013-0133 (ISSN-L)
- 1468-0297
- OpenAlex
- W2063914592
- Cited by
- 2,359
- References
- 1
- FWCI
- 115.21
- Type
- journal article
- Language
- en
- Open access
- green
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