|
|
Paper Stats:
Abstract Views: 1516
Downloads: 27
|
Openness, Productivity and Growth: What Do We Really Know?
|
SEBASTIAN EDWARDS
University of California, Los Angeles - Global Economics and Management (GEM) Area; National Bureau of Economic Research (NBER)
March 1997
NBER Working Paper No. W5978
|
| |
Abstract:
For over a century social analysts have debated the connection between trade policy and economic performance. This controversy continues today, even as the world is experiencing an unprecedented period of trade liberalization, and in spite of numerous empirical studies that claim to have found a positive effect of openness on growth. Two issues have been at the core of these controversies: first, until recently theoretical models had been unable to link trade policy to faster equilibrium growth. And second, the empirical literature on the subject has been affected by serious data problems. In this paper I use a new comparative data set for 93 countries to analyze the robustness of the relationship between openness and TFP growth. I use nine alternative indexes of trade policy to investigate whether the evidence supports the view that, with other things given, TFP growth is faster in more open economies. The regressions reported here are robust to the use of openness indicator, estimation technique, time period and functional form, and suggest that more open countries have indeed experienced faster productivity growth. Although the use of instrumental variables goes a long way towards dealing with endogeneity, issues related to causality are still somewhat open, and will require time series analyses to be adequately addressed.
|
| |
JEL Classifications: F1,F4
|
| |
Working Paper Series
|
| |
Suggested Citation
Edwards, Sebastian, "Openness, Productivity and Growth: What Do We Really Know?"
(March 1997).
NBER Working Paper No. W5978. Available at SSRN: http://ssrn.com/abstract=225757
|
| |
Contact Information for
SEBASTIAN
EDWARDS
(Contact Author)
Email address for SEBASTIAN
EDWARDS
University of California, Los Angeles - Global Economics and Management (GEM) Area
110 Westwood Plaza
Box 951481
Los Angeles
, CA
90095-1481
United States
310-206-6797 (Phone)
310-206-5825 (Fax)
|
|
(No e-mail address available for SEBASTIAN
EDWARDS
National Bureau of Economic Research (NBER)
1050 Massachusetts Avenue
Cambridge
, MA
02138
United States
|
|
|
| |
|
| |
SSRN Electronic Paper Collection
Add to
Shopping Cart |
Email Abstract or
URL |
Add to
My Briefcase |
|
 |
 |
| |
If you are experiencing download difficulties,
click here.
This is a National Bureau of Economic Research Paper. The NBER charges a fee of
$5.00 for this paper and you will be asked for a credit
card after you click on the Download Document button above.
FREE DOWNLOADS FOR NBER SUBSCRIBERS
If your organization is an NBER Corporate Associate, or a subscriber to the full NBER paper series, or you are an individual residing in
a non-OECD developing nation you may download this paper without charge. Please click here.
If you pass the NBER security clearance this paper will delivered to you immediately.
If you do not pass you will be sent to the SSRN credit card page to complete the charge process.
Journalists may request complimentary copies of individual Working Papers by sending email to Donna Zerwitz, Mailto:zerwitz@nber.org
|
| |
Format Type |
Number of Downloads |
Date
Posted |
File Size
|
File name |
Acrobat File |
27 |
Sep 20, 2000 |
1036K
| nber_W5978.pdf |
|
| |
|
| |
The latest version of Adobe Acrobat Reader or Adobe Acrobat is required to view this paper. To obtain your free copy, click on the Acrobat button.
|
|
| |
SSRN Resources
To search for other abstracts in the SSRN archival database, click here.
To order a membership to an SSRN Network or to subscribe to one or more of SSRN's journals,
go to our online subscription request form.
To go to SSRN's main web site (www.ssrn.com), click here.
|
© 2008 Social Science Electronic Publishing, Inc. All Rights Reserved. Terms of Use
This page was served by apollo3 in 0.172 seconds.
|
