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Openness and growth : a time series, cross-country analysis for developing countries

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  • Harrison, Ann

Abstract

This paper compares the association between many popular proxies for openness and the rate of GDP growth, as well as the results from cross-section and panel estimation, controlling for country effects. The results suggest that using period averages versus annual data critically affects the strength of the association between openness and growth. The paper reviews the empirical literature on openness and technological change. It discusses the dataset for this paper and the empirical specification, while also presenting the main results. The sensitivity of the results to the inclusion of both macroeconomic variables and country size are also tested. It concludes with an agenda for future research.

Suggested Citation

  • Harrison, Ann, 1991. "Openness and growth : a time series, cross-country analysis for developing countries," Policy Research Working Paper Series 809, The World Bank.
  • Handle: RePEc:wbk:wbrwps:809
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    More about this item

    Keywords

    Free Trade; Economic Growth; Environmental Economics&Policies; Achieving Shared Growth; Economic Theory&Research;
    All these keywords.

    JEL classification:

    • F43 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Economic Growth of Open Economies
    • O47 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Empirical Studies of Economic Growth; Aggregate Productivity; Cross-Country Output Convergence

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