Growth, Size, and Openness: A Quantitative Approach

Trade openness, capital openness and government size

This paper provides empirical evidence of the relation between trade openness, capital openness and government expenditures in a cross-sectional time-series context. It is shown that capital openness is significantly and negatively related to government expenditures in line with the conventional wisdom that capital mobility may undermine the ability of governments to maintain larger public sect...

corruption, government size, and openness

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Openness and Growth

Opening up the Australian economy to international trade has become one of the cornerstones of economic policy over the past decade. Tariff protection and assistance to the manufacturing sector, for instance, have already fallen dramatically and are intended to be reduced to negligible proportions by the end of the century. Whereas average effective rates of assistance were over 20 per cent in ...

Discussion of Openness and Growth

It is never pleasant to be the first discussant on the stage and it becomes particularly unpleasant when one is faced with the task of coming up with some constructive criticism of a good paper. And Steve Dowrick’s paper on openness and growth is, indeed, a very good one. In such a situation one way out is to spend a lot of time summarising the paper and its main results, but even that road is ...

Openness, Growth, And Development: Evidence From A Panel Of East Asian Countries