Artikel
Openness and economic growth in developing countries
Openness appears to have a strong impact on economic growth especially in DCs, which typically exhibit a high share of physical capital in factor income and a low share of labor. In the neoclassical growth model with partial capital mobility, physical capital?s share in factor income determines the difference in the predicted convergence rates for open and closed economies. With a 60 percent share as in many developing countries, the convergence rates should differ by a factor of about 2.5. My regression results for a sample of open and closed DCs roughly confirm this hypothesis.
- Language
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Englisch
- Bibliographic citation
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Journal: Weltwirtschaftliches Archiv ; ISSN: 0043-2636 ; Volume: 133 ; Year: 1997 ; Issue: 3 ; Pages: 479-496 ; Tübingen: Mohr
- Classification
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Wirtschaft
One, Two, and Multisector Growth Models
- Subject
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Außenhandelsliberalisierung
Exportinduziertes Wachstum
Entwicklungskonvergenz
Wachstumstheorie
Investition
Schätzung
Theorie
Entwicklungsländer
- Event
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Geistige Schöpfung
- (who)
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Gundlach, Erich
- Event
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Veröffentlichung
- (who)
-
Mohr
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften, Leibniz-Informationszentrum Wirtschaft
- (where)
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Tübingen
- (when)
-
1997
- Handle
- Last update
-
10.03.2025, 11:42 AM CET
Data provider
This object is provided by:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Artikel
Associated
- Gundlach, Erich
- Mohr
- ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften, Leibniz-Informationszentrum Wirtschaft
Time of origin
- 1997
Other Objects (12)
Openness and economic growth in developing countries
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[Book Review of] Easterly, William : The elusive quest for growth: economists' adventures and misadventures in the tropics: Cambridge, MA: MIT Press, 2001
Openness and economic growth in developing countries
Chromatographische Untersuchungen mit markierten Thrombozytenaggregationshemmern
Nachlassakte Erich Gundlach
[Book Review of] Bourguignon, François ... Adjustment and equity in developing countries : a new approach, Paris, OECD Development Centre Studies, 1992
Some consequences of globalization for developing countries
The European single market: bad news for developing countries?
Empirical evidence for alternative growth models : time series results
The Solow model in the empirics of growth and trade
Interpreting productivity growth in the new economy: Some agnostic notes
The role of human capital in economic growth: New results and alternative interpretations
Solow vs. Solow : Notes on identification and interpretation in the empirics of growth and development
[Book Review of] Easterly, William : The elusive quest for growth: economists' adventures and misadventures in the tropics: Cambridge, MA: MIT Press, 2001
Openness and economic growth in developing countries
Chromatographische Untersuchungen mit markierten Thrombozytenaggregationshemmern
Nachlassakte Erich Gundlach
[Book Review of] Bourguignon, François ... Adjustment and equity in developing countries : a new approach, Paris, OECD Development Centre Studies, 1992
Some consequences of globalization for developing countries
The European single market: bad news for developing countries?
Empirical evidence for alternative growth models : time series results
The Solow model in the empirics of growth and trade
Interpreting productivity growth in the new economy: Some agnostic notes
The role of human capital in economic growth: New results and alternative interpretations
Solow vs. Solow : Notes on identification and interpretation in the empirics of growth and development