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Trade Barriers, Openness, And Economic Growth

  • Jakob Madsen

Using a long dataset on openness and productivity this paper tests the influence of openness on TFP growth and per capita growth since 1870 for 16 industrialized countries. It is shown, in simple regressions, that growth is by and large independent of openness. However, once the interaction between openness and foreign knowledge is allowed for, productivity is positively affected by openness.

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File URL: http://www.buseco.monash.edu.au/eco/research/papers/2008/2708trademadsen.pdf
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Paper provided by Monash University, Department of Economics in its series Monash Economics Working Papers with number 27/08.

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Length: 38 pages
Date of creation: 03 Sep 2008
Date of revision:
Handle: RePEc:mos:moswps:2008-27
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Department of Economics, Monash University, Victoria 3800, Australia

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