Working Papers in full text
2013
2012
2011
2010
2009
2008
2007
2006
2005
2004
2003
2002
2001
2000
1999
1998
1997
All
Other research-related activities and publications of the IMF can be found at IMF Research
|
Free Email Notification
Receive emails when we post new
items of interest to you.
Subscribe or
Modify your profile
|
|
|
|
Once Again, is Openness Good for Growth?
|
Author/Editor: |
Lee, Ha Y. | Ricci, Luca Antonio | Rigobón, Roberto |
| Authorized for Distribution: |
July 1, 2004 |
|
Electronic Access: |
Free Full Text (PDF file size is 386KB)
Use the free Adobe Acrobat Reader to view this PDF file.
|
|
|
|
Disclaimer: This Working Paper should not be reported as representing the views of the IMF. The views expressed in this Working Paper are those of the author(s) and do not necessarily represent those of the IMF or IMF policy. Working Papers describe research in progress by the author(s) and are published to elicit comments and to further debate.
|
|
Summary: 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.
|
|
|
|
Series: |
Working Paper No. 04/135 |
|
Subject(s): |
Trade policy | Economic growth | Economic models |
|
Author's keyword(s): |
Trade openess | economic growth | endogeneity | identification through heteroskedasticity |
|
|
|
|
| |
Published: |
|
July 1, 2004 |
|
|
|
|
| |
ISBN/ISSN: |
|
1934-7073 |
|
Format: |
|
Paper |
| |
Stock No: |
|
WPIEA1352004 |
|
Pages: |
|
29 |
| |
Price: |
|
US$15.00
|
|
|
|
|
|
|
