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dc.contributor.authorUlaşan, Bülenten_US
dc.date.accessioned2012-05-24en_US
dc.date.accessioned2012-05-31T10:39:49Z-
dc.date.available2012-05-31T10:39:49Z-
dc.date.issued2012en_US
dc.identifier.urihttp://hdl.handle.net/10419/58224-
dc.description.abstractIn this paper, we revisit the empirical evidence on the relationship between trade openness and long-run economic growth over the sample period 1960-2000. In contrast to previous studies focusing mainly on the period 1970-1990, this paper reassesses the openness-growth nexus over a much longer sample period, enabling us to better account both trade policy stance and long-run growth dynamics. We carry out our empirical investigation by employing various openness measures suggested in the literature rather than relying on a few proxy variables. We also construct three additional composite trade policy indexes directly measuring trade policy stance. Our findings indicate that many openness variables are positively and significantly correlated with long-run economic growth. However, in some cases, this result is driven by the presence of a few outlying countries. Adding to the fragility of the openness-growth association, the significance of openness variables disappears once other growth determinants, such as institutions, population heterogeneity, geography and macroeconomic stability are accounted for.en_US
dc.language.isoengen_US
dc.publisherKiel Institute for the World Economy (IfW) Kielen_US
dc.relation.ispartofseriesEconomics Discussion Papers 2012-25en_US
dc.subject.jelF13en_US
dc.subject.jelF43en_US
dc.subject.jelO47en_US
dc.subject.ddc330en_US
dc.subject.keywordEconomic Growthen_US
dc.subject.keywordtrade opennessen_US
dc.subject.keywordoutliersen_US
dc.subject.keywordweighted least squaresen_US
dc.subject.stwPolitik der offenen Türen_US
dc.subject.stwAußenhandelsliberalisierungen_US
dc.subject.stwFreihandelen_US
dc.subject.stwWirtschaftswachstumen_US
dc.subject.stwSchätzungen_US
dc.subject.stwWelten_US
dc.titleOpenness to international trade and economic growth: A cross-country empirical investigationen_US
dc.typeWorking Paperen_US
dc.identifier.ppn716109964en_US
dc.rights.licensehttp://creativecommons.org/licenses/by-nc/2.0/de/deed.enen_US
dc.identifier.repecRePEc:zbw:ifwedp:201225-
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