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Effects of trade openness on the steady-state growth rates of selected Asian countries with an extended exogenous growth model

Rao, Bhaskara B. and Singh, Rup (2010) Effects of trade openness on the steady-state growth rates of selected Asian countries with an extended exogenous growth model. Applied Economics, 42 (29). pp. 3693-3702. ISSN 0003-6846

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Abstract

The Solow (1956) growth model is extended with an endogenous growth framework to estimate the effects of trade openness on the Steady State Growth Rate (SSGR). Estimates of the augmented production functions are used to compute the SSGRs for Singapore, Malaysia, Hong Kong, India and Thailand. Good policies that increase the growth effects of openness is also tested with an interactive term. Our results show that Singapore has the highest SSGR of 2.75%, followed by Hong Kong and Thailand with 2.5%. India and Malaysia have lower SSGRs of 1.7% and 0.5%, respectively.

Item Type: Journal Article
Subjects: H Social Sciences > HD Industries. Land use. Labor
Divisions: Faculty of Business and Economics (FBE) > School of Economics
Depositing User: Ms Mereoni Camailakeba
Date Deposited: 25 May 2010 14:20
Last Modified: 20 Jul 2012 17:39
URI: http://repository.usp.ac.fj/id/eprint/1863
UNSPECIFIED

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