Trade and Growth: An Empirical Investigation / Jeffrey A. Frankel, David Romer.

Format:

Book

Author/Creator:

Frankel, Jeffrey A.

Contributor:

National Bureau of Economic Research.

Romer, David.

Series:

Working Paper Series (National Bureau of Economic Research) no. w5476.

NBER working paper series no. w5476

Language:

English

Physical Description:

1 online resource: illustrations (black and white);

Other Title:

Trade and Growth

Place of Publication:

Cambridge, Mass. National Bureau of Economic Research 1996.

Summary:

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.

Notes:

Print version record

March 1996.