The Long-Run Effects of Tradeon Income and Income Growth:
This paper examines the dynamic relationship between trade and income. While most economists agree that increased trade leads to an increase in average income, economic theory is ambiguous about the possible effects on the long-run growth rate of the economy. Using a dynamic panel data model, the hy...
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1. Verfasser: | |
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Format: | Elektronisch E-Book |
Sprache: | English |
Veröffentlicht: |
Washington, D.C
International Monetary Fund
2003
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Schriftenreihe: | IMF Working Papers
Working Paper No. 03/37 |
Online-Zugang: | UBW01 UEI01 LCO01 SBR01 UER01 SBG01 UBG01 FAN01 UBT01 FKE01 UBY01 UBA01 FLA01 UBM01 UPA01 UBR01 FHA01 FNU01 BSB01 TUM01 Volltext |
Zusammenfassung: | This paper examines the dynamic relationship between trade and income. While most economists agree that increased trade leads to an increase in average income, economic theory is ambiguous about the possible effects on the long-run growth rate of the economy. Using a dynamic panel data model, the hypotheses of no long-run effects of trade on income and on income growth are tested explicitly. The possibility of endogeneity is addressed by constructing an instrument for trade by extending Frankel and Romer''s (1999) cross-sectional approach to the case of a panel data model. The empirical results indicate that trade has a large and significant effect on the level of income, but the effect on income growth is small and non-robust to model specification |
Beschreibung: | 1 Online-Ressource (39 p) |
ISBN: | 1451845596 9781451845594 |
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spelling | Brunner, Allan D. Verfasser aut The Long-Run Effects of Tradeon Income and Income Growth Brunner, Allan D Washington, D.C International Monetary Fund 2003 1 Online-Ressource (39 p) txt rdacontent c rdamedia cr rdacarrier IMF Working Papers Working Paper No. 03/37 This paper examines the dynamic relationship between trade and income. While most economists agree that increased trade leads to an increase in average income, economic theory is ambiguous about the possible effects on the long-run growth rate of the economy. Using a dynamic panel data model, the hypotheses of no long-run effects of trade on income and on income growth are tested explicitly. The possibility of endogeneity is addressed by constructing an instrument for trade by extending Frankel and Romer''s (1999) cross-sectional approach to the case of a panel data model. The empirical results indicate that trade has a large and significant effect on the level of income, but the effect on income growth is small and non-robust to model specification Online-Ausg http://elibrary.imf.org/view/IMF001/07136-9781451845594/07136-9781451845594/07136-9781451845594.xml Verlag URL des Erstveröffentlichers Volltext |
spellingShingle | Brunner, Allan D. The Long-Run Effects of Tradeon Income and Income Growth |
title | The Long-Run Effects of Tradeon Income and Income Growth |
title_auth | The Long-Run Effects of Tradeon Income and Income Growth |
title_exact_search | The Long-Run Effects of Tradeon Income and Income Growth |
title_exact_search_txtP | The Long-Run Effects of Tradeon Income and Income Growth |
title_full | The Long-Run Effects of Tradeon Income and Income Growth Brunner, Allan D |
title_fullStr | The Long-Run Effects of Tradeon Income and Income Growth Brunner, Allan D |
title_full_unstemmed | The Long-Run Effects of Tradeon Income and Income Growth Brunner, Allan D |
title_short | The Long-Run Effects of Tradeon Income and Income Growth |
title_sort | the long run effects of tradeon income and income growth |
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