Sarkar, Prabirjit (2007): Trade Openness and Growth: Is There Any Link?
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The present study examines the relationship between openness (trade-GDP ratio) and growth. Our cross-country panel data analysis of a sample 51 countries of the South during 1981-2002 shows that for only 11 rich and highly trade-dependent countries a higher real growth is associated with a higher trade share. Time series study of individual country experiences shows that the majority of the countries covered in the sample including the East Asian countries experienced no positive long-term relationship between openness and growth during 1961-2002. Our study of the experience of various regions and groups shows that only the Middle Income group exhibited a positive long-term relationship.
|Item Type:||MPRA Paper|
|Original Title:||Trade Openness and Growth: Is There Any Link?|
|Keywords:||growth; opening up; liberalization; less developed countries and globalization|
|Subjects:||F - International Economics > F0 - General > F02 - International Economic Order and Integration
F - International Economics > F4 - Macroeconomic Aspects of International Trade and Finance > F43 - Economic Growth of Open Economies
O - Economic Development, Innovation, Technological Change, and Growth > O5 - Economywide Country Studies > O50 - General
|Depositing User:||Prabirjit Sarkar|
|Date Deposited:||22. Sep 2007|
|Last Modified:||11. Feb 2013 22:54|