Trade openness and economic growth : an empirical approach

Autores
Romero Stéfani, Mauro Ignacio
Año de publicación
2024
Idioma
inglés
Tipo de recurso
artículo
Estado
versión publicada
Descripción
Fil: Romero Stéfani, Mauro Ignacio. Universidad Nacional del Sur. Departamento de Economía; Argentina.
Economic growth has beneficial effects on the general well-being of a society. Identifying and analyzing its determining factors becomes essential to improve economic policy decisions. Among these factors, the effects of trade openness are widely debated in the literature. Although there are many works that study the relationship between trade openness and economic growth, the results are heterogeneous and differ depending on the level of development of the economies, the openness variable considered, among other conditions. The main objective of this paper is to investigate the existence of a relationship between trade openness and economic growth in a large group of developed and developing countries, considering different openness measures, and thus outline recommendations for economic policies that promote growth. The central hypothesis is that trade openness has a different effect on the economic growth rate depending on the degree of development of the economies and the openness variable analysed. To meet the objective, parametric estimates were used for the period 1960-2019, and alternative measures of openness were constructed to the conventional indicator defined as the sum of exports and imports in relation to the gross domestic product (GDP).The results obtained in this work differ depending on the level of development of the countries analysed and the openness measures used.
Materia
Economic growth
Trade openness
Determinants
Economic policy
Nivel de accesibilidad
acceso abierto
Condiciones de uso
Atribución-NoComercial-CompartirIgual 4.0 Internacional
Repositorio
Repositorio Institucional Digital de la Universidad Nacional de Misiones (UNaM)
Institución
Universidad Nacional de Misiones
OAI Identificador
oai:rid.unam.edu.ar:20.500.12219/5844

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spelling Trade openness and economic growth : an empirical approachRomero Stéfani, Mauro IgnacioEconomic growthTrade opennessDeterminantsEconomic policyFil: Romero Stéfani, Mauro Ignacio. Universidad Nacional del Sur. Departamento de Economía; Argentina.Economic growth has beneficial effects on the general well-being of a society. Identifying and analyzing its determining factors becomes essential to improve economic policy decisions. Among these factors, the effects of trade openness are widely debated in the literature. Although there are many works that study the relationship between trade openness and economic growth, the results are heterogeneous and differ depending on the level of development of the economies, the openness variable considered, among other conditions. The main objective of this paper is to investigate the existence of a relationship between trade openness and economic growth in a large group of developed and developing countries, considering different openness measures, and thus outline recommendations for economic policies that promote growth. The central hypothesis is that trade openness has a different effect on the economic growth rate depending on the degree of development of the economies and the openness variable analysed. To meet the objective, parametric estimates were used for the period 1960-2019, and alternative measures of openness were constructed to the conventional indicator defined as the sum of exports and imports in relation to the gross domestic product (GDP).The results obtained in this work differ depending on the level of development of the countries analysed and the openness measures used.Universidad Nacional de Misiones. Facultad de Ciencias Económicas. Programa de Posgrado en Administración2024-12-31info:eu-repo/semantics/articleinfo:eu-repo/semantics/publishedVersionhttp://purl.org/coar/resource_type/c_6501info:ar-repo/semantics/articuloapplication/pdfapplication/pdf813.5 KBhttps://visiondefuturo.fce.unam.edu.ar/index.php/visiondefuturo/article/view/867/901https://hdl.handle.net/20.500.12219/5844enginfo:eu-repo/semantics/altIdentifier/urn/https://visiondefuturo.fce.unam.edu.ar/index.php/visiondefuturo/article/view/867/901info:eu-repo/semantics/altIdentifier/doi/https://doi.org/10.36995/j.visiondefuturo.2024.29.01.006.eninfo:eu-repo/semantics/openAccessAtribución-NoComercial-CompartirIgual 4.0 Internacionalhttp://creativecommons.org/licenses/by-nc-sa/4.0/reponame:Repositorio Institucional Digital de la Universidad Nacional de Misiones (UNaM)instname:Universidad Nacional de Misiones2025-10-23T11:20:29Zoai:rid.unam.edu.ar:20.500.12219/5844instacron:UNAMInstitucionalhttps://rid.unam.edu.ar/Universidad públicahttps://www.unam.edu.ar/https://rid.unam.edu.ar/oai/rsnrdArgentinaopendoar:2025-10-23 11:20:30.203Repositorio Institucional Digital de la Universidad Nacional de Misiones (UNaM) - Universidad Nacional de Misionesfalse
dc.title.none.fl_str_mv Trade openness and economic growth : an empirical approach
title Trade openness and economic growth : an empirical approach
spellingShingle Trade openness and economic growth : an empirical approach
Romero Stéfani, Mauro Ignacio
Economic growth
Trade openness
Determinants
Economic policy
title_short Trade openness and economic growth : an empirical approach
title_full Trade openness and economic growth : an empirical approach
title_fullStr Trade openness and economic growth : an empirical approach
title_full_unstemmed Trade openness and economic growth : an empirical approach
title_sort Trade openness and economic growth : an empirical approach
dc.creator.none.fl_str_mv Romero Stéfani, Mauro Ignacio
author Romero Stéfani, Mauro Ignacio
author_facet Romero Stéfani, Mauro Ignacio
author_role author
dc.subject.none.fl_str_mv Economic growth
Trade openness
Determinants
Economic policy
topic Economic growth
Trade openness
Determinants
Economic policy
dc.description.none.fl_txt_mv Fil: Romero Stéfani, Mauro Ignacio. Universidad Nacional del Sur. Departamento de Economía; Argentina.
Economic growth has beneficial effects on the general well-being of a society. Identifying and analyzing its determining factors becomes essential to improve economic policy decisions. Among these factors, the effects of trade openness are widely debated in the literature. Although there are many works that study the relationship between trade openness and economic growth, the results are heterogeneous and differ depending on the level of development of the economies, the openness variable considered, among other conditions. The main objective of this paper is to investigate the existence of a relationship between trade openness and economic growth in a large group of developed and developing countries, considering different openness measures, and thus outline recommendations for economic policies that promote growth. The central hypothesis is that trade openness has a different effect on the economic growth rate depending on the degree of development of the economies and the openness variable analysed. To meet the objective, parametric estimates were used for the period 1960-2019, and alternative measures of openness were constructed to the conventional indicator defined as the sum of exports and imports in relation to the gross domestic product (GDP).The results obtained in this work differ depending on the level of development of the countries analysed and the openness measures used.
description Fil: Romero Stéfani, Mauro Ignacio. Universidad Nacional del Sur. Departamento de Economía; Argentina.
publishDate 2024
dc.date.none.fl_str_mv 2024-12-31
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dc.identifier.none.fl_str_mv https://visiondefuturo.fce.unam.edu.ar/index.php/visiondefuturo/article/view/867/901
https://hdl.handle.net/20.500.12219/5844
url https://visiondefuturo.fce.unam.edu.ar/index.php/visiondefuturo/article/view/867/901
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dc.language.none.fl_str_mv eng
language eng
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dc.publisher.none.fl_str_mv Universidad Nacional de Misiones. Facultad de Ciencias Económicas. Programa de Posgrado en Administración
publisher.none.fl_str_mv Universidad Nacional de Misiones. Facultad de Ciencias Económicas. Programa de Posgrado en Administración
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