Trade orientation measurement and consequences

  • Holger Wolf

Abstract

New trade theory and endogenous growth models have revived the debate on the static and dynamic implications of trade orientation. Alas, a decade of models has produced more ambiguity than clarity, placing a premium on empirical work. Unfortunately, existing indices of trade orientation invite substantial criticism. In the first part of the paper we construct a new measure, based on the difference between actual trade and the trade levels predicted by a factor endowments mode. In the second part, we use the index to examine the link between trade orientation and economic growth.
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How to Cite
Wolf, H. (2016). Trade orientation measurement and consequences. Estudios de Economía, 20(3), pp. 49-86. Retrieved from https://estudiosdeeconomia.uchile.cl/index.php/EDE/article/view/40754/43813
Section
Articles
Published
2016-05-03