Trade and Growth: An Empirical InvestigationJeffrey A. Frankel, David Romer
NBER Working Paper No. 5476 Countries' geographic characteristics have important effects on their trade, and are plausibly uncorrelated with other determinants of their incomes. This paper therefore constructs measures of the geographic component of countries' trade and uses those measures to obtain instrumental variables estimates of the effect of trade on income. The results suggest that ordinary least squares estimates understate the effects of trade, and that trade has a quantitatively large, significant, and robust positive effect on income.
Machine-readable bibliographic record - MARC, RIS, BibTeX Document Object Identifier (DOI): 10.3386/w5476 Published: American Economic Review, Vol. 89, no. 3 (June 1999): 379-399.(Published under title "Does Trade Cause Growth?") Users who downloaded this paper also downloaded* these:
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