Artikel

Trade openness and growth: A network‐based approach

We propose a novel approach to the study of international trade based on a theory of country integration that embodies a broad systemic viewpoint on the relationship between trade and growth. Our model leads to an indicator of country openness that measures a country's level of integration through the full architecture of its connections in the trade network. We apply our methodology to a sample of 204 countries and find a sizable and significant positive relationship between our integration measure and a country's growth rate, while that of the traditional measures of outward orientation is only minor and statistically insignificant.

Sprache
Englisch

Erschienen in
Journal: Journal of Applied Econometrics ; ISSN: 1099-1255 ; Volume: 37 ; Year: 2022 ; Issue: 6 ; Pages: 1182-1203 ; Hoboken, NJ: Wiley

Klassifikation
Wirtschaft
Thema
Bayesian model averaging
dynamic‐panel model
economic growth
globalization
network analysis
trade integration

Ereignis
Geistige Schöpfung
(wer)
Duernecker, Georg
Meyer, Moritz
Vega‐Redondo, Fernando
Ereignis
Veröffentlichung
(wer)
Wiley
(wo)
Hoboken, NJ
(wann)
2022

DOI
doi:10.1002/jae.2920
Handle
Letzte Aktualisierung
10.03.2025, 11:44 MEZ

Datenpartner

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Objekttyp

  • Artikel

Beteiligte

  • Duernecker, Georg
  • Meyer, Moritz
  • Vega‐Redondo, Fernando
  • Wiley

Entstanden

  • 2022

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