Trade openness and economic growth: panel data evidence from sub-saharan africa

Brueckner, Markus and Lederman, Daniel (2015) Trade openness and economic growth: panel data evidence from sub-saharan africa. Economica, 82 1302-1323. doi:10.1111/ecca.12160


Author Brueckner, Markus
Lederman, Daniel
Title Trade openness and economic growth: panel data evidence from sub-saharan africa
Journal name Economica   Check publisher's open access policy
ISSN 1468-0335
0013-0427
Publication date 2015
Sub-type Article (original research)
DOI 10.1111/ecca.12160
Open Access Status Not Open Access
Volume 82
Start page 1302
End page 1323
Total pages 22
Place of publication Chichester, United Kingdom
Publisher Wiley-Blackwell Publishing
Collection year 2016
Language eng
Abstract This paper uses an instrumental variables approach to estimate the relationship between trade openness and economic growth in Sub-Saharan Africa. Instrumental variables estimates show that economic growth has a significant negative contemporaneous effect on trade openness, while trade openness has a significant positive effect on economic growth. A 1 percentage point increase in the ratio of trade over GDP is associated with a short-run increase in growth of approximately 0.5% in a given year; the cumulative long-run effect on the level of GDP per capita is larger, reaching about 2%.
Q-Index Code C1
Q-Index Status Confirmed Code
Institutional Status UQ

Document type: Journal Article
Sub-type: Article (original research)
Collections: Official 2016 Collection
School of Economics Publications
 
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