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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.
Author: | Georg DuerneckerORCiDGND, Moritz MeyerGND, Fernando Vega-RedondoGND |
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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 |