Trade, extent of the market and economic growth 1960-1996

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• dc.contributor.author Alcalá, Franciscoca
• dc.contributor.author Ciccone, Antonioca
• dc.contributor.other Universitat Pompeu Fabra. Departament d'Economia i Empresa
• dc.date.accessioned 2017-07-26T10:50:43Z
• dc.date.available 2017-07-26T10:50:43Z
• dc.date.issued 2003-02-01
• dc.date.modified 2017-07-23T02:08:39Z
• dc.description.abstract We find that trade and domestic market size are robust determinants of economic growth over the 1960-1996 period when trade openness is measured as the US dollar value of imports and exports relative to GDP in PPP US$ ('real openness'). When trade openness is measured as the US dollar value of imports and exports relative to GDP in exchange rate US$ ('nominal openness') however, trade and the size of domestic markets are often non-robust determinants of growth. We argue that real openness is the more appropriate measure of trade and that our empirical results should be seen as evidence in favor of the extent-of-the-market hypothesis.
• dc.format.mimetype application/pdfca
• dc.identifier https://econ-papers.upf.edu/ca/paper.php?id=765
• dc.identifier.uri http://hdl.handle.net/10230/1015
• dc.language.iso eng
• dc.relation.ispartofseries Economics and Business Working Papers Series; 765
• dc.rights L'accés als continguts d'aquest document queda condicionat a l'acceptació de les condicions d'ús establertes per la següent llicència Creative Commons
• dc.rights.accessRights info:eu-repo/semantics/openAccess
• dc.rights.uri http://creativecommons.org/licenses/by-nc-nd/3.0/es/
• dc.subject.keyword extent of the market
• dc.subject.keyword institutions
• dc.subject.keyword growth
• dc.subject.keyword Macroeconomics and International Economics
• dc.title Trade, extent of the market and economic growth 1960-1996ca
• dc.type info:eu-repo/semantics/workingPaper