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http://dspace.mediu.edu.my:8181/xmlui/handle/10419/1723| Title: | Openness and economic growth in developing countries |
| Keywords: | O41 ddc:330 Außenhandelsliberalisierung Exportinduziertes Wachstum Entwicklungskonvergenz Wachstumstheorie Investition Schätzung Theorie Entwicklungsländer |
| Issue Date: | 16-Oct-2013 |
| Description: | 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. |
| URI: | http://koha.mediu.edu.my:8181/xmlui/handle/10419/1723 |
| Other Identifiers: | Weltwirtschaftliches Archiv 0043-2636 133 1997 3 479-496 http://hdl.handle.net/10419/1723 ppn:261053736 ppn:261053736 RePEc:zbw:ifwkie:1723 |
| Appears in Collections: | EconStor |
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