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Dynamic Empirics Of Trade Openness And Economic Growth In Latin America: Do Fast Reformers Grow Faster?

Author

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  • Gustavo Barboza

    () (Clarion University of Pennsylvania)

Abstract

This study uses a dynamic model to determine the contribution of openness on output growth in Latin America. Error Correction Model and Phillips and Loretan results prove superior to OLS estimates. First, openness growth does not have a straight positive relationship to productivity growth; i.e., it is not clear whether fast reformers grow faster. Second, there are significant variations between the short run and long run estimates under the ECM but not under the Phillips and Loretan specification. Third, lead effects are present and are strong in magnitude.

Suggested Citation

  • Gustavo Barboza, 2007. "Dynamic Empirics Of Trade Openness And Economic Growth In Latin America: Do Fast Reformers Grow Faster?," Journal of Economic Development, Chung-Ang Unviersity, Department of Economics, vol. 32(2), pages 93-112, December.
  • Handle: RePEc:jed:journl:v:32:y:2007:i:2:p:93-112
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    File URL: http://www.jed.or.kr/full-text/32-2/4.pdf
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    References listed on IDEAS

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    1. Balassa, Bela, 1978. "Exports and economic growth : Further evidence," Journal of Development Economics, Elsevier, vol. 5(2), pages 181-189, June.
    2. Feder, Gershon, 1983. "On exports and economic growth," Journal of Development Economics, Elsevier, vol. 12(1-2), pages 59-73.
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    Cited by:

    1. Trejos, Sandra & Barboza, Gustavo, 2015. "Dynamic estimation of the relationship between trade openness and output growth in Asia," Journal of Asian Economics, Elsevier, vol. 36(C), pages 110-125.
    2. Anwesha Aditya & Rajat Acharyya, 2012. "Does What Countries Export Matter? The Asian And Latin American Experience," Journal of Economic Development, Chung-Ang Unviersity, Department of Economics, vol. 37(3), pages 47-74, September.

    More about this item

    Keywords

    Economic Growth; Trade Openness; Dynamic Estimates;

    JEL classification:

    • F1 - International Economics - - Trade
    • O3 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights
    • O4 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity

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