Trade openness and growth: A network‐based approach

Georg Duernecker, Moritz Meyer and Fernando Vega‐Redondo

Journal of Applied Econometrics, 2022, vol. 37, issue 6, 1182-1203

Abstract: 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.

Date: 2022
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https://doi.org/10.1002/jae.2920

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Working Paper: Trade Openness and Growth: A Network-Based Approach (2021)
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Persistent link: https://EconPapers.repec.org/RePEc:wly:japmet:v:37:y:2022:i:6:p:1182-1203

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