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Openness, Globalization and Economic Growth: Empirical Evidence from Cote d´Ivoire, 1969-2002

  • Aka, B.F.

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    The purpose of this paper is to examine the relationships between openness, globalization on economic growth in Côte d’Ivoire which adopted the openness of its economy as the basic way for development at the beginning of its economic history in 1960. Using a three-variable vector autoregressive (VAR) model, we find that the three variables are tied together in the long-run. Although a positive effect of openness on growth is observed in the short-run, both increasing openness and globalisation do not have positively contributed to the long-run economic growth of this country, a finding that is in the opposite of the prediction of the new growth theory about the potential long-run effects of trade on growth.

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    File URL: http://www.usc.es/economet/reviews/ijaeqs324.pdf
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    Article provided by Euro-American Association of Economic Development in its journal International Journal of Applied Econometrics and Quantitative Studies .

    Volume (Year): 3 (2006)
    Issue (Month): 2 ()
    Pages: 67-86

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    Handle: RePEc:eaa:ijaeqs:v:3:y2006:i:2_4
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    1. Romer, David, 1993. "Openness and Inflation: Theory and Evidence," The Quarterly Journal of Economics, MIT Press, vol. 108(4), pages 869-903, November.
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    13. Johansen, Soren & Juselius, Katarina, 1990. "Maximum Likelihood Estimation and Inference on Cointegration--With Applications to the Demand for Money," Oxford Bulletin of Economics and Statistics, Department of Economics, University of Oxford, vol. 52(2), pages 169-210, May.
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    18. repec:rus:hseeco:121595 is not listed on IDEAS
    19. Granger, C. W. J., 1988. "Some recent development in a concept of causality," Journal of Econometrics, Elsevier, vol. 39(1-2), pages 199-211.
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