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Openness and Growth: What Have We Learned?

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  • Francisco Rodríguez

    ()
    (Department of Economics, Wesleyan University)

Abstract

This paper discusses recent evidence regarding the existence of a cross-country empirical relationship between openness to international trade and economic growth. I discuss the empirical contributions of Warner (2003), Dollar and Kraay (2002), and Wacziarg and Welch (2003), and argue that these studies fail to convincingly establish a positive link between trade and growth. I also discuss the 1990-03 experience and show that growth does not display a significant correlation with any measure of trade openness over this period.

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File URL: http://repec.wesleyan.edu/pdf/frrodriguez/2006011_rodriguez.pdf
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Bibliographic Info

Paper provided by Wesleyan University, Department of Economics in its series Wesleyan Economics Working Papers with number 2006-011.

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Length: 38 pages
Date of creation: Feb 2006
Date of revision:
Handle: RePEc:wes:weswpa:2006-011

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  1. Romain Wacziarg & Karen Horn Welch, 2003. "Trade Liberalization and Growth: New Evidence," NBER Working Papers 10152, National Bureau of Economic Research, Inc.
  2. Stanley L. Engerman & Kenneth Lee Sokoloff, 2002. "Factor Endowments, Inequality, and Paths of Development among New World Economies," JOURNAL OF LACEA ECONOMIA, LACEA - LATIN AMERICAN AND CARIBBEAN ECONOMIC ASSOCIATION.
  3. Krueger, Anne O, 1997. "Trade Policy and Economic Development: How We Learn," American Economic Review, American Economic Association, American Economic Association, vol. 87(1), pages 1-22, March.
  4. David Dollar & Aart Kraay, 2004. "Trade, Growth, and Poverty," Economic Journal, Royal Economic Society, Royal Economic Society, vol. 114(493), pages F22-F49, 02.
  5. Harrison, Ann & Hanson, Gordon, 1999. "Who gains from trade reform? Some remaining puzzles," Journal of Development Economics, Elsevier, Elsevier, vol. 59(1), pages 125-154, June.
  6. Jong-Wha Lee, 1992. "International Trade, Distortions and Long-Run Economic Growth," IMF Working Papers 92/90, International Monetary Fund.
  7. Roberto Chang, & Linda Kaltani & Norman Loayza, 2006. "Openness Can be Good for Growth: The Role of Policy Complementarities," Working Papers Central Bank of Chile, Central Bank of Chile 373, Central Bank of Chile.
  8. Gernot Doppelhofer & Ronald I. Miller & Xavier Sala-i-Martin, 2000. "Determinants of Long-Term Growth: A Bayesian Averaging of Classical Estimates (BACE) Approach," NBER Working Papers 7750, National Bureau of Economic Research, Inc.
  9. Sebastian Edwards, 1997. "Openness, Productivity and Growth: What Do We Really Know?," NBER Working Papers 5978, National Bureau of Economic Research, Inc.
  10. Ben-David, Dan, 1993. "Equalizing Exchange: Trade Liberalization and Income Convergence," The Quarterly Journal of Economics, MIT Press, MIT Press, vol. 108(3), pages 653-79, August.
  11. Dani Rodrik & Arvind Subramanian & Francesco Trebbi, 2002. "Institutions Rule: The Primacy of Institutions over Geography and Integration in Economic Development," NBER Working Papers 9305, National Bureau of Economic Research, Inc.
  12. Jeffrey D. Sachs & Andrew Warner, 1995. "Economic Reform and the Process of Global Integration," Brookings Papers on Economic Activity, Economic Studies Program, The Brookings Institution, vol. 26(1, 25th A), pages 1-118.
  13. Richard Blundell & Steve Bond, 1995. "Initial conditions and moment restrictions in dynamic panel data models," IFS Working Papers, Institute for Fiscal Studies W95/17, Institute for Fiscal Studies.
  14. repec:rus:hseeco:70719 is not listed on IDEAS
  15. Francisco Rodriguez & Dani Rodrik, 1999. "Trade Policy and Economic Growth: A Skeptic's Guide to Cross-National Evidence," NBER Working Papers 7081, National Bureau of Economic Research, Inc.
  16. Jeffrey D. Sachs, 2003. "Institutions Don't Rule: Direct Effects of Geography on Per Capita Income," NBER Working Papers 9490, National Bureau of Economic Research, Inc.
  17. Jagdish Bhagwati, 2002. "Trade and Poverty in the Poor Countries," American Economic Review, American Economic Association, American Economic Association, vol. 92(2), pages 180-183, May.
  18. Rigobon, Roberto & Rodrik, Dani, 2004. "Rule of Law, Democracy, Openness and Income: Estimating the Interrelationships," CEPR Discussion Papers, C.E.P.R. Discussion Papers 4653, C.E.P.R. Discussion Papers.
  19. Daron Acemoglu & Simon Johnson & James A. Robinson, 2000. "The Colonial Origins of Comparative Development: An Empirical Investigation," NBER Working Papers 7771, National Bureau of Economic Research, Inc.
  20. repec:umd:umdeco:rodriguez9901 is not listed on IDEAS
  21. David H. Romer & Jeffrey A. Frankel, 1999. "Does Trade Cause Growth?," American Economic Review, American Economic Association, American Economic Association, vol. 89(3), pages 379-399, June.
  22. Roberto Rigobon, 2003. "Identification Through Heteroskedasticity," The Review of Economics and Statistics, MIT Press, vol. 85(4), pages 777-792, November.
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Cited by:
  1. Razzak, Weshah, 2005. "Explaining the gaps in labour productivity in some developed countries," MPRA Paper 1888, University Library of Munich, Germany, revised May 2006.
  2. Claudia M. Buch & Paola Monti, 2008. "Openness and Income Dispaities: Does Trade Explain the 'Mezzogiorno' Effect?," IAW Discussion Papers, Institut für Angewandte Wirtschaftsforschung (IAW) 41, Institut für Angewandte Wirtschaftsforschung (IAW).
  3. Astorga, Pablo, 2010. "A century of economic growth in Latin America," Journal of Development Economics, Elsevier, Elsevier, vol. 92(2), pages 232-243, July.
  4. Estevadeordal, Antoni & Taylor, Alan M, 2008. "Is the Washington Consensus Dead? Growth, Openness, and the Great Liberalization, 1970s-2000s," CEPR Discussion Papers, C.E.P.R. Discussion Papers 6942, C.E.P.R. Discussion Papers.
  5. Dürnecker, Georg & Meyer, Moritz & Vega-Redondo, Fernando, 2014. "The Network Origins of Economic Growth," Working Papers, University of Mannheim, Department of Economics 14-06, University of Mannheim, Department of Economics.
  6. Rob Vos, 2007. "What we do and don’t know about trade liberalization and poverty reduction," Working Papers, United Nations, Department of Economics and Social Affairs 50, United Nations, Department of Economics and Social Affairs.
  7. Claudia M. Buch & Farid Toubal, 2007. "Openness and Growth: The Long Shadow of the Berlin Wall," IAW Discussion Papers, Institut für Angewandte Wirtschaftsforschung (IAW) 31, Institut für Angewandte Wirtschaftsforschung (IAW).
  8. Razzak, Weshah, 2006. "Explaining the gaps in labour productivity for some developed countries," MPRA Paper 53, University Library of Munich, Germany.
  9. Richard Frensch & Vitalija Gaucaite-Wittich, 2006. "Product variety and technical change," Working Papers, Institut für Ost- und Südosteuropaforschung (Institute for East and South-East European Studies) 265, Institut für Ost- und Südosteuropaforschung (Institute for East and South-East European Studies).
  10. Vladimir Popov, 2010. "Development theories and development experience: half a century journey," Working Papers w0153, Center for Economic and Financial Research (CEFIR).

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