贸易开放和经济增长：一个跨国实证调查【外文翻译】.docx

PAGE PAGE # 本科毕业论文外文翻译 外文题 目： Trade openness and economic growth: a cross-country empirical investigation 出 处： Journal of Development Economics 作 者： Halit Yanikkaya 原 文： Trade openness and economic growth:a cross-country empirical investigation Halit Yanikkaya Abstract This paper demonstrates that trade liberalization does not have a simple and straightforward relationship with growth using a large number of openness measures for a cross section of countries over the last three decades. We use two groups of trade openness measures.The regression results for numerous trade intensity ratios are mostly consistent with the existing literature. However, contrary to the conventional view on the growth effects of trade barriers, our estimation results show that trade barriers are positively and, in most specifications, significantly associated with growth, especially for developing countries and they are consistent with the findings of theoretical growth and development literature. Introduction Do open economies grow faster than closed economies? Almost all empirical growth studies have provided an affirmative answer to this question. The reason for this strong bias in favor of trade liberalization is partly based on the conclusions of a wide range of empirical studies, which claimed that outward-oriented economies consistently have higher growth rates than inward-oriented countries. It is also partly due to the tragic failures of import-substitution strategies, especially in the 1980s and overstated expect-ations from trade liberalization. Accordingly, this study examines the growth effects of a large number of measuresof trade openness. Using the same specification for various opennessmeasures where each variable measures a different aspect of openness, we try to accomplish two things. First, we believe that our results provide a more complete picture of the relationship between openness and growth as compared to empirical studies that used a subset of openness m