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

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Openness and growth : a time series, cross-country analysis for developing countries, Volume 1

Author:	Harrison, Ann;	Collection Title:	Policy, Research working papers ; no. WPS 809. World Development Report
Date Stored:	2001/04/26	Document Date:	1991/11/30
Document Type:	Policy Research Working Paper	Language:	English
Major Sector:	(Historic)Economic Policy	Report Number:	WPS809
Sub Sectors:	Macro/Non-Trade	SubTopics:	Achieving Shared Growth; Environmental Economics & Policies; Economic Theory & Research; Free Trade; Economic Growth
Volume No:	1

Summary: 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.


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