Rao, B. Bhaskara and Singh, Rup (2007): Effects of Trade Openness on the Steady State Growth Rates of Selected Asian Countries with an Extended Exogenous Growth Model.
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The Solow growth model is extended with an endogenous growth framework to estimate the effects of trade openness on the steady state growth rate (SSGR). Estimates of the augmented production functions are used to compute the SSGRs for Singapore, Malaysia, Hong Kong, India and Thailand. That good policies increase the growth effects of openness is also tested with an interactive term. Our results show that Singapore has the highest SSGR of 2.75%, followed by Hong Kong and Thailand with 2.5%. India and Malaysia have lower SSGRs of 1.7% and 0.5% respectively.
|Item Type:||MPRA Paper|
|Original Title:||Effects of Trade Openness on the Steady State Growth Rates of Selected Asian Countries with an Extended Exogenous Growth Model|
|Keywords:||Exogenous and Endogenous Growth, Trade Openness, Steady State Growth Rate, Country Specific Estimates with Time Series Data, Asian Countries|
|Subjects:||O - Economic Development, Technological Change, and Growth > O3 - Technological Change; Research and Development; Intellectual Property Rights > O33 - Technological Change: Choices and Consequences; Diffusion Processes|
|Depositing User:||B. Bhaskara Rao|
|Date Deposited:||22. Nov 2007 05:48|
|Last Modified:||12. Feb 2013 19:06|