Openness and Growth in Central Eastern European Countries
AbstractWe present evidence of the relationship between trade-openness and growth in the sample of former communist countries before and after the transition from a central planned economy (CPE) to a market economy by applying standard OLS and panel estimation techniques. The main finding is that during the transition the importance of openness on growth per capita has increased sharply by changing the coefficient from a negative sign to a positive and significant one. The result seems to be robust to (i) estimation methods , (ii) different measures of openness adopted and (iii)consistent with the integration view, which states that a higher degree of trade openness spurred by market incentives and comparative advantages enhances the per capita growth rate of economies.
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Bibliographic InfoArticle provided by Camera di Commercio di Genova in its journal Economia Internazionale / International Economics.
Volume (Year): 58 (2005)
Issue (Month): 2 ()
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Economic growth; transition economies; trade openness;
Other versions of this item:
- Rosa Capolupo & Giuseppe Celi, 2005. "Openness and Growth in Central-Eastern European Countries," GE, Growth, Math methods 0506002, EconWPA.
- G30 - Financial Economics - - Corporate Finance and Governance - - - General
- O42 - Economic Development, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Monetary Growth Models
- O47 - Economic Development, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Measurement of Economic Growth; Aggregate Productivity; Cross-Country Output Convergence
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