Trade Openness and Economic Growth in Latin American Countries

Openness and economic growth in developing countries

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 sh...

The Influence of Trade Openness the Economic Growth of Former Soviet Union Countries

This paper tries to test the relationship between trade openness and economic growth in Former Soviet Union countries after their independence in 1991. It has become an article of faith in most economic and political circles that opening up the economy to international trade will produce substantial benefits in terms of greater consumer choice and higher living standards. Higher productivity is...

Trade Openness And Economic Growth In Iran, And Some OPEC Nations

the influence of trade openness the economic growth of former soviet :union: countries

this paper tries to test the relationship between trade openness and economic growth in former soviet :union: countries after their independence in 1991. it has become an article of faith in most economic and political circles that opening up the economy to international trade will produce substantial benefits in terms of greater consumer choice and higher living standards. higher productivity ...

Openness and Wage Inequality in Developing Countries: The Latin American Challenge to East Asian Conventional Wisdom

The experience of East Asia in the 1960s and 1970s supports the theory that greater openness to trade tends to narrow the wage gap between skilled and unskilled workers in developing countries. In Latin America since the mid-1980s, however, increased openness has widened wage differentials. This conflict of evidence is probably not the result of differences between East Asia and Latin America. ...