Measuring the Dynamics Gains from Trade
This article investigates the links between trade policy and economic growth in a panel of 57 countries between 1970 and 1989. It develops a new measure of trade policy openness based on the policy component of trade shares, using it in a simultane...
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| Format: | Journal Article |
| Language: | English en_US |
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World Bank, Washington, DC
2014
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| Online Access: | http://documents.worldbank.org/curated/en/2001/09/17737156/measuring-dynamics-gains-trade http://hdl.handle.net/10986/17436 |
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okr-10986-174362021-04-23T14:03:29Z Measuring the Dynamics Gains from Trade Wacziarg, Romain trade policy economic growth trade shares determinants of growth This article investigates the links between trade policy and economic growth in a panel of 57 countries between 1970 and 1989. It develops a new measure of trade policy openness based on the policy component of trade shares, using it in a simultaneous equations system to identify the effect of trade policy on several determinants of growth. The result suggests a positive impact of openness on economic growth, with the accelerated accumulation of physical capital accounting for more than half the total effect; for smaller effects. This decomposition is robust with respect to alternative specifications and time periods. The article also successfully tests whether the model exhaustively captures the effects of trade policy on growth. 2014-03-27T20:37:33Z 2014-03-27T20:37:33Z 2001-09 Journal Article http://documents.worldbank.org/curated/en/2001/09/17737156/measuring-dynamics-gains-trade World Bank Economic Review http://hdl.handle.net/10986/17436 English en_US CC BY-NC-ND 3.0 IGO http://creativecommons.org/licenses/by-nc-nd/3.0/igo World Bank World Bank, Washington, DC Publications & Research :: Journal Article |
| repository_type |
Digital Repository |
| institution_category |
Foreign Institution |
| institution |
Digital Repositories |
| building |
World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English en_US |
| topic |
trade policy economic growth trade shares determinants of growth |
| spellingShingle |
trade policy economic growth trade shares determinants of growth Wacziarg, Romain Measuring the Dynamics Gains from Trade |
| description |
This article investigates the links
between trade policy and economic growth in a panel of 57
countries between 1970 and 1989. It develops a new measure
of trade policy openness based on the policy component of
trade shares, using it in a simultaneous equations system to
identify the effect of trade policy on several determinants
of growth. The result suggests a positive impact of openness
on economic growth, with the accelerated accumulation of
physical capital accounting for more than half the total
effect; for smaller effects. This decomposition is robust
with respect to alternative specifications and time periods.
The article also successfully tests whether the model
exhaustively captures the effects of trade policy on growth. |
| format |
Journal Article |
| author |
Wacziarg, Romain |
| author_facet |
Wacziarg, Romain |
| author_sort |
Wacziarg, Romain |
| title |
Measuring the Dynamics Gains from Trade |
| title_short |
Measuring the Dynamics Gains from Trade |
| title_full |
Measuring the Dynamics Gains from Trade |
| title_fullStr |
Measuring the Dynamics Gains from Trade |
| title_full_unstemmed |
Measuring the Dynamics Gains from Trade |
| title_sort |
measuring the dynamics gains from trade |
| publisher |
World Bank, Washington, DC |
| publishDate |
2014 |
| url |
http://documents.worldbank.org/curated/en/2001/09/17737156/measuring-dynamics-gains-trade http://hdl.handle.net/10986/17436 |
| _version_ |
1764433140542078976 |