Openness, productivity and growth in the APEC economies
AbstractThe 1980s and 1990s have witnessed the emergence of many Asian economies as important traders in the world. How has openness to trade and investment affected productivity and growth performance in those economies? This question is often tackled with the traditional growth regression method. However, the findings in the existing literature are still inconclusive. This paper proposes an alternative approach which is employed to examine the impact of openness on the sources of productivity and growth in the APEC economies. Specifically, the proposed technique distinguishes technological progress (innovation) from efficiency changes (catch-up) and attempts to isolate the influences of openness on these two distinct factors. The findings in this study may help gain fresh insight into the relationship between openness and productivity and growth performance in the APEC economies. Copyright Springer-Verlag 2004
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Bibliographic InfoArticle provided by Springer in its journal Empirical Economics.
Volume (Year): 29 (2004)
Issue (Month): 3 (09)
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- C2 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables
- O4 - Economic Development, Technological Change, and Growth - - Economic Growth and Aggregate Productivity
- O53 - Economic Development, Technological Change, and Growth - - Economywide Country Studies - - - Asia including Middle East
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