Effects of Trade Openness on the Steady State Growth Rates of Selected Asian Countries with an Extended Exogenous Growth Model

B. Rao and Rup Singh

MPRA Paper from University Library of Munich, Germany

Abstract: The Solow growth model is extended with an endogenous growth framework to estimate the effects of trade openness on the steady state growth rate (SSGR). Estimates of the augmented production functions are used to compute the SSGRs for Singapore, Malaysia, Hong Kong, India and Thailand. That good policies increase the growth effects of openness is also tested with an interactive term. Our results show that Singapore has the highest SSGR of 2.75%, followed by Hong Kong and Thailand with 2.5%. India and Malaysia have lower SSGRs of 1.7% and 0.5% respectively.

Keywords: Exogenous and Endogenous Growth; Trade Openness; Steady State Growth Rate; Country Specific Estimates with Time Series Data; Asian Countries (search for similar items in EconPapers)
JEL-codes: O33 (search for similar items in EconPapers)
Date: 2007-11-21
New Economics Papers: this item is included in nep-cwa, nep-dev and nep-sea
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Citations: View citations in EconPapers (4)

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Related works:
Journal Article: Effects of trade openness on the steady-state growth rates of selected Asian countries with an extended exogenous growth model (2010)
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