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.
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| Author: | Georg DuerneckerORCiDGND, Moritz MeyerGND, Fernando Vega-RedondoGND |
|---|---|
| URN: | urn:nbn:de:hebis:30:3-735043 |
| DOI: | https://doi.org/https://doi.org/10.1002/jae.2920 |
| ISSN: | 1099-1255 |
| Parent Title (English): | Journal of applied econometrics |
| Publisher: | Wiley |
| Place of publication: | Chichester [u.a.] |
| Document Type: | Article |
| Language: | English |
| Date of Publication (online): | 2022/06/30 |
| Date of first Publication: | 2022/06/30 |
| Publishing Institution: | Universitätsbibliothek Johann Christian Senckenberg |
| Release Date: | 2023/04/04 |
| Tag: | Bayesian model averaging; dynamic-panel model; economic growth; globalization; network analysis; trade integration |
| Volume: | 37.2022 |
| Issue: | 6 |
| Page Number: | 22 |
| First Page: | 1182 |
| Last Page: | 1203 |
| Note: | The data and computer codes used in this paper are available in the JAE Data Archive http://qed.econ.queensu.ca/jae/datasets/duernecker001/. |
| HeBIS-PPN: | 508905583 |
| Institutes: | Wirtschaftswissenschaften |
| Dewey Decimal Classification: | 3 Sozialwissenschaften / 33 Wirtschaft / 330 Wirtschaft |
| Sammlungen: | Universitätspublikationen |
| Licence (German): |  Creative Commons - CC BY - Namensnennung 4.0 International |
