DYNAMIC EMPIRICS OF TRADE OPENNESS AND ECONOMIC GROWTH IN LATIN AMERICA: DO FAST REFORMERS GROW FASTER?

Gustavo Barboza

Journal of Economic Development, 2007, vol. 32, issue 2, 93-112

Abstract: This study uses a dynamic model to determine the contribution of openness on output growth in Latin America. Error Correction Model and Phillips and Loretan results prove superior to OLS estimates. First, openness growth does not have a straight positive relationship to productivity growth; i.e., it is not clear whether fast reformers grow faster. Second, there are significant variations between the short run and long run estimates under the ECM but not under the Phillips and Loretan specification. Third, lead effects are present and are strong in magnitude.

Keywords: Economic Growth; Trade Openness; Dynamic Estimates (search for similar items in EconPapers)
JEL-codes: F1 O3 O4 (search for similar items in EconPapers)
Date: 2007
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Citations: View citations in EconPapers (3)

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Persistent link: https://EconPapers.repec.org/RePEc:jed:journl:v:32:y:2007:i:2:p:93-112

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