Openness and economic growth in developing countries

dc.creator	Gundlach, Erich
dc.date	1996
dc.date.accessioned	2013-10-16T06:04:53Z
dc.date.available	2013-10-16T06:04:53Z
dc.date.issued	2013-10-16
dc.identifier	http://hdl.handle.net/10419/901
dc.identifier	ppn:213892510
dc.identifier	ppn:213892510
dc.identifier.uri	http://koha.mediu.edu.my:8181/xmlui/handle/10419/901
dc.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 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.
dc.language	eng
dc.publisher	Kiel Institute for the World Economy (IfW) Kiel
dc.relation	Kiel Working Papers 749
dc.rights	http://www.econstor.eu/dspace/Nutzungsbedingungen
dc.subject	O41
dc.subject	ddc:330
dc.title	Openness and economic growth in developing countries
dc.type	doc-type:workingPaper

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