Mostrar el registro sencillo del ítem

dc.contributor.authorCamarero, Mariam
dc.contributor.authorMartínez-Zarzoso, Inmaculada
dc.contributor.authorNowak Lehmann, Felicitas
dc.contributor.authorTamarit, Cecilio
dc.date.accessioned2016-03-14T11:33:30Z
dc.date.available2016-03-14T11:33:30Z
dc.date.issued2015-08-18
dc.identifier.citationCAMARERO, Mariam, et al. Trade Openness and Income: A Tale of Two Regions. The World Economy, 2015.ca_CA
dc.identifier.urihttp://hdl.handle.net/10234/153628
dc.description.abstractIn this article we present evidence of the long-run effect of trade openness on income per worker for two regions that have followed different liberalization strategies, namely Asia and Latin America. A model that re-examines these questions is estimated for two panels of Asian and Latin American countries over the 1980-2008 period using a novel empirical approach that accounts for endogeneity as well as for the time series properties of the variables involved. From an econometric point of view, we apply recent panel cointegration techniques based on factor models that account for two additional elements usually neglected in previous empirical literature: cross-dependence and structural breaks. The results point to a positive impact of trade openness in both Asia and Latin America although the size is smaller in the second region. We associate this finding with the degree to which trade was managed in both regions of the developing world.ca_CA
dc.description.sponsorShipSpanish Ministry of Education mobility programme (Grant ref. PRX12/00103) The authors also acknowledge the funding from Spanish MINECO (project ECO2014-58991-C3-2-R), Generalitat Valenciana (project PROMETEOII/2014/053), University Jaume I (project P1-1B2013-06) and the European Commission (Lifelong Learning Program- references 542457-LLP-1-2013-1-ES-AJM-CL (M. Camarero), 542434-LLP-1-2013-1-ES-AJM-CL (C. Tamarit) and 542727-LLP-1-2013-1-ES-AJM-CLca_CA
dc.format.extent37 p.ca_CA
dc.format.mimetypeapplication/pdfca_CA
dc.language.isoengca_CA
dc.publisherJohn Wiley & Sons Ltdca_CA
dc.relation.isPartOfThe World Economy, 2015ca_CA
dc.rights© 2015 John Wiley & Sons Ltdca_CA
dc.subjectGDP per workerca_CA
dc.subjecttrade opennessca_CA
dc.subjectpanel cointegrationca_CA
dc.subjectstructural breaksca_CA
dc.subjectcrosssection dependenceca_CA
dc.subjectAsiaca_CA
dc.subjectLatin Americaca_CA
dc.titleTrade Openness and Income: A Tale of Two Regionsca_CA
dc.typeinfo:eu-repo/semantics/articleca_CA
dc.identifier.doihttp://dx.doi.org/10.1111/twec.12306
dc.rights.accessRightsinfo:eu-repo/semantics/openAccessca_CA
dc.relation.publisherVersionhttp://onlinelibrary.wiley.com/doi/10.1111/twec.12306/fullca_CA
dc.editionVersió pre-printca_CA


Ficheros en el ítem

Thumbnail

Este ítem aparece en la(s) siguiente(s) colección(ones)

Mostrar el registro sencillo del ítem