Trade Openness and Growth: Who Benefits?

Dowrick, Steve; Golley, Jane

doi:10.1093/oxrep/grh003

Cited by 130 publications

(56 citation statements)

References 34 publications

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“…As Dowrick and Golley (2004) mention, it has the advantage of being 'clearly defined and well measured.' Unlike some other measures, the constituent data is available over the long timespan used in our study.…”

Section: Methodsmentioning

confidence: 99%

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Trade openness, export diversification, and political regimes

2015

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Recent studies have challenged the view that trade openness leads to more specialization in countries' trade. Using a panel of 116 countries over 35 years, we show that openness can be positively associated with both specialization and diversification, depending on the measure used. Moreover, for developing countries in our sample, the effect of openness on trade structure depends on the type of political regime: in autocracies openness is linked with specialization, whilst in democracies it is related to diversification via export sophistication.JEL Classification: F14, F49, P48

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Section: Methodsmentioning

confidence: 99%

“…Unlike some other measures, the constituent data is available over the long timespan used in our study. Useful surveys of other measures include Dowrick and Golley (2004), Spilimbergo et al (1999) and Pritchett (1996).…”

Section: Methodsmentioning

confidence: 99%

Trade openness, export diversification, and political regimes

2015

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“…For instance, Rodrik (1997) observed that most studies on the relationship between the two hardly appropriately capture trade regimes and trade policy choice, among other. Similarly, Yanikkaya (2003) and Dowrick and Golley (2004) focused on the direction of causality between trade and economic growth. In the study, the authors observed that no relationship exists between trade and economic growth while Frankel and Romer (1999), Lucas (2007) and Harrison (1996), among others, documented the existence of a functional relationship between trade and growth.…”

Section: Trade Openness and Economic Growth Nexusmentioning

confidence: 99%

Economic growth, financial development and trade openness in Nigeria: An application of the ARDL bound testing approach

Lawal

Nwanji

Asaleye

et al. 2016

Cogent Economics & Finance

106

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For over a decade now, various efforts have been put in place by various governments of the developing economies to promote economic growth, financial development and expand trade with mixed results. The ability of financial development and/or trade openness to influence economic growth in the developing economies has been a subject of hot debate and remains inconclusive. While a number of scholars are of the view that compelling cointegration exists among each of these constructs, another set of substantial authors have documented that economic growth, trade openness and financial development do evolve independent of each other. Drawing from four financial developments-growth nexus theories, this study used the ARDL bound estimation techniques to examine the existence of cointegration among economic growth, financial development and trade openness in Nigeria. We intend to know what policy instruments need to be manipulated so as to achieve economic growth and financial stability. Our results show that a two-way cointegration exists between economic growth and financial development, on the one hand, as well as between economic growth and trade openness, on the other hand. We therefore recommend that in order to achieve economic growth, policymakers should pursue strong financial development and increase trade openness.

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“…They identify "globalizers" as countries that significantly increased their ratios of trade to GDP between the late 1970s and the late 1990s. Second and relatedly, the relationship between measures of policies related to openness and growth does not seem to be robust: A number of researchers -including Ann Harrison (1996) and Edwards (1998) Dowrick and Jane Golley (2004) and David N. DeJong and Marla Ripoll (2006) find that openness has a significantly positive impact on growth only for developed countries, while Halit Yanikkaya (2003) actually finds that openness has a negative effect on economic growth for less developed countries.…”

Section: Cross-country Growth Regressionsmentioning

confidence: 99%

Why Have Economic Reforms in Mexico Not Generated Growth?

Kehoe

Ruhl²

2010

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Following its opening to trade and foreign investment in the mid-1980s, Mexico's economic growth has been modest at best, particularly in comparison with that of China. Comparing these countries and reviewing the literature, we conclude that the relation between openness and growth is not a simple one. Using standard trade theory, we find that Mexico has gained from trade, and by some measures, more so than China. We sketch out a theory in which developing countries can grow faster than the United States by reforming. As a country becomes richer, this sort of catch-up becomes more difficult. Absent continuing reforms, Chinese growth is likely to slow down sharply, perhaps leaving China at a level less than Mexico's real GDP per working-age person.

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Trade Openness and Growth: Who Benefits?

Cited by 130 publications

References 34 publications

Trade openness, export diversification, and political regimes

Trade openness, export diversification, and political regimes

Economic growth, financial development and trade openness in Nigeria: An application of the ARDL bound testing approach

Why Have Economic Reforms in Mexico Not Generated Growth?

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