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Effects of trade openness on the steady-state growth rates of selected Asian countries with an extended exogenous growth model

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  • B. Bhaskara Rao
  • Rup Singh

Abstract

The Solow (1956) growth model is extended with an endogenous growth framework to estimate the effects of trade openness on the Steady State Growth Rate (SSGR). Estimates of the augmented production functions are used to compute the SSGRs for Singapore, Malaysia, Hong Kong, India and Thailand. Good policies that increase the growth effects of openness is also tested with an interactive term. Our results show that Singapore has the highest SSGR of 2.75%, followed by Hong Kong and Thailand with 2.5%. India and Malaysia have lower SSGRs of 1.7% and 0.5%, respectively.

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File URL: http://www.tandfonline.com/doi/abs/10.1080/00036840802534468
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Bibliographic Info

Article provided by Taylor & Francis Journals in its journal Applied Economics.

Volume (Year): 42 (2010)
Issue (Month): 29 ()
Pages: 3693-3702

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Handle: RePEc:taf:applec:v:42:y:2010:i:29:p:3693-3702

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  9. Padma Desai (ed.), 1997. "Going Global: Transition from Plan to Market in the World Economy," MIT Press Books, The MIT Press, edition 1, volume 1, number 0262041618, December.
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Cited by:
  1. Rao, B. Bhaskara & Singh, Rup, 2009. "Panel data estimates of the growth and level effects of human capital in the selected Asian countries," MPRA Paper 19082, University Library of Munich, Germany.
  2. Zohreh Shirani Fakhr & Azita Sheikhbahaie, 2008. "Openness, Growth, and Development: Evidence from a Panel of East Asian Countries," Iranian Economic Review, Economics faculty of Tehran university, vol. 13(2), pages 157-174, fall.

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