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The role of openness in economic growth of regions. The perspectives of economic growth and new economic geography theory and empirics

Author

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  • Tomasz Brodzicki

    (University of Gdansk, Faculty of Economics; Institute for Development, Sopot)

Abstract

The bond between economic growth and openness of regions is a complex and to some extent ambiguous both from theoretical and empirical perspectives. The relationship becomes even more blurred if we take into account spatial nonlinearity into account. In the present paper we critically review the theoretical and empirical literature in the two strands – economic growth and new economic geography. It seems that thee analysis of the impact of openness on economic growth of regions should take into account the various potential channels, try to prove the direction of causality and acknowledge the presence of spatial interlinkages between regions. This is in particular important for mid-size and large-size economies with a significant number of regions and large regional heterogeneity frequently due to more deep-rooted factors. It implies the use of spatial econometric techniques.

Suggested Citation

  • Tomasz Brodzicki, 2018. "The role of openness in economic growth of regions. The perspectives of economic growth and new economic geography theory and empirics," Working Papers 1801, Instytut Rozwoju, Institute for Development.
    • Handle: RePEc:iro:wpaper:1801
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    File URL: http://www.instytut-rozwoju.org/WP/IR_WP2017_02.pdf
    File Function: First version, 2018
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    More about this item

    Keywords

    economic growth; economic development; openness; trade; FDI; regional economics;
    All these keywords.

    JEL classification:

    • F21 - International Economics - - International Factor Movements and International Business - - - International Investment; Long-Term Capital Movements
    • F43 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Economic Growth of Open Economies
    • O47 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Empirical Studies of Economic Growth; Aggregate Productivity; Cross-Country Output Convergence
    • R11 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - Regional Economic Activity: Growth, Development, Environmental Issues, and Changes
    • R12 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - Size and Spatial Distributions of Regional Economic Activity; Interregional Trade (economic geography)

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