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Intégration à l'économie mondiale et instabilité des taux de croissance (révisé en E 1999.27)

Author

Listed:
  • Jean-Louis COMBES

    (Centre d'Etudes et de Recherches sur le Développement International(CERDI))

  • Pascale COMBES MOTEL

    (Centre d'Etudes et de Recherches sur le Développement International(CERDI))

  • Patrick GUILLAUMONT

    (Centre d'Etudes et de Recherches sur le Développement International(CERDI))

  • Sylviane GUILLAUMONT JEANNENEY

    (Centre d'Etudes et de Recherches sur le Développement International(CERDI))

Abstract

This paper considers the effects of a more or less trade and capital openness on the instability of the growth rate. Indicators of outward looking policies are estimated by eliminating the impact of structural factors through a panel standardization equation. Then indicators of growth instability are estimated. Open trade policies are assumed to be stabilizing because they improve the working of markets. But open financial policies, when the financial system is underdeveloped, may increase instability due to speculative capital flows. Econometric analysis relying on a large sample of developed and developing countries for three periods beginning in 1970 allows to not reject these assumptions.

Suggested Citation

  • Jean-Louis COMBES & Pascale COMBES MOTEL & Patrick GUILLAUMONT & Sylviane GUILLAUMONT JEANNENEY, 1999. "Intégration à l'économie mondiale et instabilité des taux de croissance (révisé en E 1999.27)," Working Papers 199906, CERDI.
    • Handle: RePEc:cdi:wpaper:105
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    File URL: http://publi.cerdi.org/ed/1999/1999.06.pdf
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    Cited by:

    1. Caroline DAYMON, 2012. "Ouverture Commerciale, Inégalités De Revenu Et Répartition Salariale Dans Les Pays Du Sud Et De L’Est De La Méditerranée," Region et Developpement, Region et Developpement, LEAD, Universite du Sud - Toulon Var, vol. 35, pages 81-98.

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