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Trade openness and economic growth: panel evidence

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  • B�lent Ulaşan

Abstract

This article examines openness-growth nexus in a dynamic panel data framework by using various openness indicators. We assess the robustness of our findings by reducing the number of instruments. Our findings show that lower trade barriers are not associated with higher growth.

Suggested Citation

  • B�lent Ulaşan, 2015. "Trade openness and economic growth: panel evidence," Applied Economics Letters, Taylor & Francis Journals, vol. 22(2), pages 163-167, January.
  • Handle: RePEc:taf:apeclt:v:22:y:2015:i:2:p:163-167
    DOI: 10.1080/13504851.2014.931914
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    References listed on IDEAS

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    1. David Roodman, 2009. "A Note on the Theme of Too Many Instruments," Oxford Bulletin of Economics and Statistics, Department of Economics, University of Oxford, vol. 71(1), pages 135-158, February.
    2. Harrison, Ann & Rodríguez-Clare, Andrés, 2010. "Trade, Foreign Investment, and Industrial Policy for Developing Countries," Handbook of Development Economics, in: Dani Rodrik & Mark Rosenzweig (ed.), Handbook of Development Economics, edition 1, volume 5, chapter 0, pages 4039-4214, Elsevier.
    3. Romain Wacziarg & Karen Horn Welch, 2008. "Trade Liberalization and Growth: New Evidence," The World Bank Economic Review, World Bank, vol. 22(2), pages 187-231, June.
    4. Bowsher, Clive G., 2002. "On testing overidentifying restrictions in dynamic panel data models," Economics Letters, Elsevier, vol. 77(2), pages 211-220, October.
    5. N. Gregory Mankiw & David Romer & David N. Weil, 1992. "A Contribution to the Empirics of Economic Growth," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 107(2), pages 407-437.
    6. World Bank, 2002. "World Development Indicators 2002," World Bank Publications - Books, The World Bank Group, number 13921, December.
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