دانلود مقاله ISI انگلیسی شماره 49936
عنوان فارسی مقاله

برآورد پویا از رابطه بین درجه باز بودن تجاری و رشد تولید در آسیا

کد مقاله سال انتشار مقاله انگلیسی ترجمه فارسی تعداد کلمات
49936 2015 16 صفحه PDF سفارش دهید 12050 کلمه
خرید مقاله
پس از پرداخت، فوراً می توانید مقاله را دانلود فرمایید.
عنوان انگلیسی
Dynamic estimation of the relationship between trade openness and output growth in Asia ☆
منبع

Publisher : Elsevier - Science Direct (الزویر - ساینس دایرکت)

Journal : Journal of Asian Economics, Volume 36, February 2015, Pages 110–125

کلمات کلیدی
رشد اقتصادی - درجه باز بودن تجاری - برآورد پویا
پیش نمایش مقاله
پیش نمایش مقاله برآورد پویا از رابطه بین درجه باز بودن تجاری و رشد تولید در آسیا

چکیده انگلیسی

This paper studies the relationship between trade openness and output growth for a sample of twenty-three Asian countries using both a static OLS and a dynamic ECM estimation models. At the country specific level, the findings of this study provide robust empirical evidence indicating that higher revealed trade openness is not the main engine explaining the Asian economic-growth miracle. In particular, the authors find that physical capital accumulation is at the core of the observed long-run output per worker growth. At the regional level, the authors observe a marked difference between the pre and post 1997–1998 financial crisis, whereas, in the post period, trade openness has a positive and significant effect on output growth. In general, the results from the dynamic estimations prove that the conventional OLS static estimates underestimate the effect of investment on output growth. In addition, the dynamic model allows for a separation of gains from trade between short term and long term. The paper results also provide evidence in support of the idea that, countries with a growing degree of trade openness may experience faster per-capita output growth through gains in productivity associated to capital accumulation, rather than the assumed technological spillover effects from the trading sector. Again, at the regional level in the post financial crisis period both short term and long term gains from trade are relevant to growth. Why more trade does not necessarily imply faster growth at all levels of revealed trade openness growth, remains a conundrum.

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