Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/30497
Authors: 
Funke, Michael
Gronwald, Marc
Year of Publication: 
2009
Series/Report no.: 
CESifo Working Paper 2692
Abstract: 
In this paper, we apply a convex hull approach to counterfactual analysis of trade openness and growth. The experiments we choose evaluate the importance of trade openness for growth across African countries. Specifically, we ask the question what would happen if African countries were more open?”. The evidence indicates that several countries don´t fall within the convex hull of the observed data and therefore counterfactual inferences are risky. This conclusion is at odds with the literature arguing that greater trade openness would unequivocally lead to higher growth in Africa.
Subjects: 
openness
economic growth
robustness
counterfactuals
convex hull
JEL: 
O11
O40
C52
Document Type: 
Working Paper

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