Openness And Growth
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Openness And Growth
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Author : Ann E. Harrison
language : en
Publisher: World Bank Publications
Release Date : 1991
Openness And Growth written by Ann E. Harrison and has been published by World Bank Publications this book supported file pdf, txt, epub, kindle and other format this book has been release on 1991 with Economic development categories.
Correlations across openness measures are sometimes weak, but openness does seem to be positively associated with GDP growth - the more open the economy, the higher the growth.
Trade Openness And Growth
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Author : Andreas Billmeier
language : en
Publisher: International Monetary Fund
Release Date : 2007-07
Trade Openness And Growth written by Andreas Billmeier and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2007-07 with Business & Economics categories.
Studies of the impact of trade openness on growth are based either on cross-country analysis-which lacks transparency-or case studies-which lack statistical rigor. We apply transparent econometric methods drawn from the treatment evaluation literature to make the comparison between treated (i.e., open) and control (i.e., closed) countries explicit while remaining within a unified statistical framework. First, matching estimators highlight the rather far-fetched country comparisons underlying common cross-country results. When appropriately restricting the sample, we confirm a positive and significant effect of openness on growth. Second, we apply synthetic control methods-which account for endogeneity due to unobservable heterogeneity-to countries that liberalized their trade regime and we show that trade liberalization has often had a positive effect on growth.
Managing Openness
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Author : Mona Haddad
language : en
Publisher: World Bank Publications
Release Date : 2011
Managing Openness written by Mona Haddad and has been published by World Bank Publications this book supported file pdf, txt, epub, kindle and other format this book has been release on 2011 with Business & Economics categories.
The global financial crisis triggered a broad reassessment of economic integration policies in developed and developing countries worldwide. The crisis-induced collapse in trade was the sharpest ever since World War II, affecting all countries and all product categories. A huge shock to the trading system, combined with severe macroeconomic instability, makes it natural for policymakers to call into question the basic underlying assumptions of trade liberalization and openness. In particular, outward-oriented or export-led growth strategies are being reassessed as openness is increasingly associated with greater volatility. However, it is crucial not to lose sight of the dynamic benefits that openness can offer. Examples include technology transfer, increased competitive pressure that reduces markups and improves efficiency, and economies of scale. The real question is how to manage outward-oriented strategies so as to maximize the benefits of openness while minimizing risks. This book aims to contribute to this important and ongoing policy debate, bringing together recent empirical work on the trade collapse, its causes and consequences, and the broader trade policy agenda in the post-crisis environment. It addresses critical policy issues revolving around the topic of outward-oriented growth strategy, including policy instruments that help manage risks associated with outward-orientation, lessons learned from the crisis for particular countries and regions, and how emerging trade policy issues such as climate change, commodities, global production networking, and migration affect the prospects for recovery and outward-oriented growth.
Openness And Growth
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Author : Ann Harrison
language : en
Publisher:
Release Date : 1995
Openness And Growth written by Ann Harrison and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1995 with Developing countries categories.
Abstract: This paper draws together a variety of openness measures to test the association between openness and growth. Although the correlation across different types of openness is not always strong, there is generally a positive association between growth and different measures of openness. The strength of the association depends on whether the specification uses cross-section or panel data (which combines cross- section and time series). For industrializing countries, which have exhibited significant fluctuations in trade regimes over time, long run averages may not serve as very meaningful indicators of policy.
Openness And Growth
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Author : Ann Harrison (human rights.)
language : en
Publisher:
Release Date : 1995
Openness And Growth written by Ann Harrison (human rights.) and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1995 with categories.
Openness And Development
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Author : Franz P. Lang
language : en
Publisher: Springer Science & Business Media
Release Date : 2013-04-17
Openness And Development written by Franz P. Lang and has been published by Springer Science & Business Media this book supported file pdf, txt, epub, kindle and other format this book has been release on 2013-04-17 with Business & Economics categories.
Openness and development are key words of central importance in describing the dynamism within the present world economy. Openness denotes the entire process of internationalization and liberalization now underway in the commodity markets, factor markets and financial mar kets. Today there is hardly anational economy or company left which can afIord to ignore international dependencies. In the broadest sense of the word, development encompasses an those dynamic endogenous economic processes which create prosperity and a high standard of living via inno vation and structural change. Modem economic research has shown that both of these fields of economic causalities - which are themselves afIected by a wide variety of interdependencies - detennine the economic destiny of the national economies and of their actors in the industrial, newly industrializing, transitional and developing countries. The present volume focuses on the significance of these two key words while conveying, at the same time, an impression of the broad spectrum of related issues. It contains papers written by economists working at uni versities and research institutes as well as papers submitted by "economic practitioners"; the latter, in particular, provide valuable insights on current issues by taking account of theoretical and practical considerations. Whereas the papers printed in Part I analyze their subjects from a general perspective, the emphasis in Part TI is on specific regional aspects. Part I begins with a theoretical-empirical study on the development of foreign trade.
Long Run Economic Growth
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Author : Steven Durlauf
language : en
Publisher: Springer Science & Business Media
Release Date : 2012-12-06
Long Run Economic Growth written by Steven Durlauf and has been published by Springer Science & Business Media this book supported file pdf, txt, epub, kindle and other format this book has been release on 2012-12-06 with Business & Economics categories.
One of the most enduring questions in economics involves how a nation could accelerate the pace of its economic development. One of the most enduring answers to this question is to promote exports -either because doing so directly influences development via encouraging production of goods for export, or because export promotion permits accumulation of foreign exchange which permits importation of high-quality goods and services, which can in turn be used to expand the nation's production possibilities. In either case, growth is said to be export-led; the latter case is the so-called "two-gap" hypothesis (McKinnon, 1964; Findlay, 1973). The early work on export-led growth consisted of static cross-country com parisons (Michaely, 1977; Balassa, 1978; Tyler, 1981; Kormendi and Meguire, 1985). These studies generally concluded that there is strong evidence in favour of export-led growth because export growth and income growth are highly correlated. However, Kravis pointed out in 1970 that the question is an essen tially dynamic one: as he put it, are exports the handmaiden or the engine of growth? To make this determination one needs to look at time series to see whether or not exports are driving income. This approach has been taken in a number of papers (Jung and Marshall, 1985; Chow, 1987; Serletis, 1992; Kunst and Marin, 1989; Marin, 1992; Afxentiou and Serletis, 1991), designed to assess whether or not individual countries exhibit statistically significant evidence of export-led growth using Granger causality tests.
Openness And Growth
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Author : James Proudman
language : en
Publisher:
Release Date : 1998
Openness And Growth written by James Proudman and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1998 with Economic development categories.
Openness Outward Orientation Trade Liberalization And Economic Performance In Developing Countries
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Author : Sebastian Edwards
language : en
Publisher: World Bank Publications
Release Date : 1989
Openness Outward Orientation Trade Liberalization And Economic Performance In Developing Countries written by Sebastian Edwards and has been published by World Bank Publications this book supported file pdf, txt, epub, kindle and other format this book has been release on 1989 with Apertura economica - Paises en desarrollo categories.
Trade Openness And Growth
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Author : Andreas Billmeier
language : en
Publisher:
Release Date : 2007
Trade Openness And Growth written by Andreas Billmeier and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2007 with Free trade categories.