@techreport{Gundlach1996Openness,
abstract = {Openness appears to have a strong impact on economic growth especially in DCs,
which typically exhibit a high share of physical capital in factor income and a low
share of labor. In the neoclassical growth model with partial capital mobility, physical
capital's share in factor income determines the difference in the predicted convergence
rates for open and closed economies. With a 60 percent share as in developing
countries, the convergence rates should differ by a factor of about 2.5. My regression
results for a sample of open and closed DCs roughly confirm this hypothesis.},
address = {Kiel},
author = {Erich Gundlach},
copyright = {http://www.econstor.eu/dspace/Nutzungsbedingungen},
keywords = {O41; 330},
language = {eng},
number = {749},
publisher = {Kiel Institute for the World Economy (IfW)},
title = {Openness and economic growth in developing countries},
type = {Kiel Working Papers},
url = {http://hdl.handle.net/10419/901},
year = {1996}
}
