Openness and growth in Fiji: some time series evidence

B. Bhaskara Rao and Maheshwar Rao
Authors registered in the RePEc Author Service: B. Bhaskara Rao

Applied Economics, 2009, vol. 41, issue 13, 1653-1662

Abstract: Compared to many cross-country studies on the determinants of growth rate, time series works are relatively few and limited in scope. However, time series studies are useful for country-specific policies. But in many recent works ad hoc specifications have been used to analyse the contribution of various factors to growth. This article uses an improved specification to estimate the effects of openness on growth in a small open economy namely Fiji. In addition to trade openness, we include, as additional variables, the basic conditioning variables namely factor inputs into our specification. The need for the inclusion of some basic conditioning variables has been emphasized by Boswoth and Collins (2003) in their cross country studies. Our results show that trade openness and output are cointegrated. Neglecting the conditioning variables seems to lead to some overestimation of the effects of openness and at times a cointegrating vector may not exist.

Date: 2009
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (16)

Downloads: (external link)
http://www.tandfonline.com/doi/abs/10.1080/00036840601007252 (text/html)
Access to full text is restricted to subscribers.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:taf:applec:v:41:y:2009:i:13:p:1653-1662

Ordering information: This journal article can be ordered from
http://www.tandfonline.com/pricing/journal/RAEC20

DOI: 10.1080/00036840601007252

Access Statistics for this article

Applied Economics is currently edited by Anita Phillips

More articles in Applied Economics from Taylor & Francis Journals
Bibliographic data for series maintained by Chris Longhurst ().