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Once Again, is Openness Good for Growth?
Ha Y. Lee
Luca Antonio Ricci
Roberto Rigobón
出版
International Monetary Fund
, 2004-07
主題
Business & Economics / General
Business & Economics / Econometrics
Business & Economics / Exports & Imports
Business & Economics / Taxation / General
Business & Economics / Economics / General
ISBN
1451855737
9781451855739
URL
http://books.google.com.hk/books?id=0lOyAAAAIAAJ&hl=&source=gbs_api
註釋
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.