Trade and Growth at Different Stages of Economic Development

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Title:	Trade and Growth at Different Stages of Economic Development
Authors:	Kim, Dong-hyeon;Lin, Shu-chin
Contributors:	淡江大學經濟學系
Date:	2009-09
Issue Date:	2011-10-22 17:36:43 (UTC+8)
Publisher:	Abingdon: Routledge
Abstract:	The paper investigates whether trade openness contributes to long-run economic growth and the effect varies with the level of economic development. We implement this analysis through the instrument-variable threshold regressions approach. The empirical evidence shows that there indeed exists an income threshold above which greater trade openness has beneficial effects on economic growth and below which heightened trade has detrimental consequences. It implies that greater international trade and integration may contribute to more diverging economies. In addition, the relationship of trade with growth is found to work possibly through both investment and productivity growth channels.
Relation:	Journal of Development Studies 45(8), pp.1211-1224
DOI:	10.1080/00220380902862937
Appears in Collections:	[Graduate Institute & Department of Economics] Journal Article

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