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Causality between Openness and Indigenous Factors among World Economies

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  • Zhou, X.
  • Li, Kui-Wai

Abstract

The paper studies the causality relationship between economic openness and indigenous factors. The construction of the Openness Index and the Indigenous Index provides a measure on the extent of openness and indigenous development among world economies. The two indices are used to study their causality. The empirical findings show that there are bi-directional dynamic causality relationships between openness and indigenous factors. Indigenous factors help to forecast openness factors and vice versa.

Suggested Citation

  • Zhou, X. & Li, Kui-Wai, 2010. "Causality between Openness and Indigenous Factors among World Economies," MPRA Paper 36421, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:36421
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    File URL: https://mpra.ub.uni-muenchen.de/36421/1/MPRA_paper_36421.pdf
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    References listed on IDEAS

    as
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    More about this item

    Keywords

    Openness; indigeneity; panel data model; causality test;
    All these keywords.

    JEL classification:

    • O11 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Macroeconomic Analyses of Economic Development
    • F02 - International Economics - - General - - - International Economic Order and Integration
    • C33 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables - - - Models with Panel Data; Spatio-temporal Models

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