Once again, is openness good for growth?
By: Ha Yan Lee, Luca Antonio Ricci, Roberto Rigobon.
Contributors: Ricci, Luca Antonio.; Rigobón, Roberto.; National Bureau of Economic Research.
Series: NBER working paper series ;; working paper 10749; Working paper series (National Bureau of Economic Research : Online) ;; working paper no. 10749.
Publisher: National Bureau of Economic Research
Published: 2004
Place of publication: Cambridge, MA
Language: eng
Format: Electronic resource
Subjects: International trade -- Econometric models.; Economic development -- Econometric models.
Description: "Rodriguez and Rodrik (2000) argue that the relation between openness and growth is still an open question.  One of the main problems in the assessment of the effect is the endogeneity of the relation.  In order to address this issue, this paper applies the identification through heteroskedasticity methodology to estimate the effect of openness on growth while properly controlling for the effect of growth on openness.  The results suggest that openness would have a positive effect on growth, although small.  This result stands, despite the equally robust effect from growth to openness"--National Bureau of Economic Research web site.
Notes: Includes bibliographical references.
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