TY  - JOUR
A1  - Duernecker, Georg
A1  - Meyer, Moritz
A1  - Vega-Redondo, Fernando
T1  - Trade openness and growth: a network-based approach
T2  - Journal of applied econometrics
N2  - 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.
KW  - Bayesian model averaging
KW  - dynamic-panel model
KW  - economic growth
KW  - globalization
KW  - network analysis
KW  - trade integration
Y1  - 2022
UR  - http://publikationen.ub.uni-frankfurt.de/frontdoor/index/index/docId/73504
UR  - https://nbn-resolving.org/urn:nbn:de:hebis:30:3-735043
SN  - 1099-1255
N1  - The data and computer codes used in this paper are available in the JAE Data Archive http://qed.econ.queensu.ca/jae/datasets/duernecker001/.
VL  - 37.2022
IS  - 6
SP  - 1182
EP  - 1203
PB  - Wiley
CY  - Chichester [u.a.]
ER  -