Trade Openness and Economic Growth: Evidence in East Asia and Latin America

Been-Lon Chen

Journal of Economic Integration, 1999, vol. 14, 265-295

Abstract:

The past two decades have witnessed economic growth differentials among countries in East Asia and Latin America. In this paper we argue that the degree of openness due to government policies in both areas may be an important factor yielding this result. We construct a simple model to highlight positive association between trade openness and economic growth, and then use a sample of thirt-four countries in the area to test the relationship， after controlling for other common variables of economic growth. As there is no universal harmonious measure of openness, we use an array of five measures, including quantitative price and qualitative measures. The empirical results are Supportive of our conjecture, both in significance and in magnitude.

Keywords: East Asia; Latin America; trade openness; international Trade; economic growth (search for similar items in EconPapers)
JEL-codes: F10 O10 O40 O57 (search for similar items in EconPapers)
Date: 1999
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Citations: View citations in EconPapers (8)

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Persistent link: https://EconPapers.repec.org/RePEc:ris:integr:0105

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