Openness and economic growth in developing countries
Erich Gundlach ()
Open Access Publications from Kiel Institute for the World Economy from Kiel Institute for the World Economy (IfW)
Openness appears to have a strong impact on economic growth especially in DCs, which typically exhibit a high share of physical capital in factor income and a low share of labor. In the neoclassical growth model with partial capital mobility, physical capital?s share in factor income determines the difference in the predicted convergence rates for open and closed economies. With a 60 percent share as in many developing countries, the convergence rates should differ by a factor of about 2.5. My regression results for a sample of open and closed DCs roughly confirm this hypothesis.
JEL-codes: O41 (search for similar items in EconPapers)
References: View references in EconPapers View complete reference list from CitEc
Citations View citations in EconPapers (11) Track citations by RSS feed
Downloads: (external link)
Journal Article: Openness and economic growth in developing countries (1997)
Working Paper: Openness and economic growth in developing countries (1996)
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:zbw:ifwkie:1723
Access Statistics for this paper
More papers in Open Access Publications from Kiel Institute for the World Economy from Kiel Institute for the World Economy (IfW) Contact information at EDIRC.
Bibliographic data for series maintained by ZBW - Leibniz Information Centre for Economics ().