Causality between Openness and Indigenous Factors among World Economies

X. Zhou and Kui-Wai Li ()

MPRA Paper from University Library of Munich, Germany

Abstract: The paper studies the causality relationship between economic openness and indigenous factors. The construction of the Openness Index and the Indigenous Index provides a measure on the extent of openness and indigenous development among world economies. The two indices are used to study their causality. The empirical findings show that there are bi-directional dynamic causality relationships between openness and indigenous factors. Indigenous factors help to forecast openness factors and vice versa.

Keywords: Openness; indigeneity; panel data model; causality test (search for similar items in EconPapers)
JEL-codes: C33 F02 O11 (search for similar items in EconPapers)
Date: 2010
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Published in Investment Management and Financial Innovations 2.7(2010): pp. 159-166

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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:36421

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