Globalization and growth in the low income African countries with the extreme bounds analysis

Economic Modelling

Volumn 28, Issue 3, 2011, Pages 795-805

  Rao, B Bhaskara ^a   Vadlamannati, Krishna Chaitanya ^b  

^a UNIVERSITY OF WESTERN SYDNEY   (Australia)

^b UNIVERSITY OF GÖTTINGEN   (Germany)

Author keywords

Africa; Economic growth; Extreme bounds analysis; Globalization; N1; O1; O4; O57; Solow model

Indexed keywords

EID: 79953057035     PISSN: 02649993     EISSN: None     Source Type: Journal    
DOI: 10.1016/j.econmod.2010.10.009     Document Type: Article

References (69)

1. Andersen T.M., Herbertsson T.T. Quantifying globalization. Applied Economics 2005, 37(10):1089-1098.
2. Anderson J.E., vanWincoop E. Gravity with gravitas: a solution to the border puzzle. The American Economic Review 2003, 93(2):170-192.
3. Arellano M., Bond S. Some test of specification for panel data: Monte Carlo evidence and an application to employment equations. Review of Economic Studies 1991, 58(2):277-297.
4. Arellano M., Bover O. Another look at the instrumental variables estimation of error-component models. Journal of Econometrics 1995, 68(1):29-51.
5. Baldwin R.E. Openness and growth: what's the empirical relationship?. NBER, Working Paper 2003, 9578. Cambridge MA.
6. Barro R.J., Lee J.W. International data on educational attainment: updates and implications. Oxford Economic Papers 2001, 53(3):541-563.
7. Barro R.J., Sala-I-Martin X. Economic Growth 1995, McGraw Hill, New York.
8. Ben-David D. Equalizing exchange: trade liberalization and income convergence. Quarterly Journal of Economics 1993, 108(3):653-679.
9. Bernanke B.S., Gürkaynak R.S. Is growth exogeneous? Taking Mankiw, Romer and Weil seriously. NBER Macroeconomics Annual 2002, 16:11-72.
10. Bigsten A., Collier P., Dercon S., Fafchamps M., Gauthier B., Gunning J.W., Oduro A., Oostendorp R., Pattillo C., Söderbom M., Teal F., Zeufack A. Do African manufacturing firms learn from exporting?. Journal of Development Studies 2004, 40(3):115-141.
11. Blinder A. Off shoring: The Next Industrial Revolution? Foreign Affairs, March/April 2006 2006.
12. Blundell R., Bond S. Initial conditions and moment restrictions in dynamic panel data models. Journal of Econometrics 1998, 87(1):115-143.
13. Brunner A.D. The long-run effects of trade on income and income growth, Working Paper 03/37 2003, International Monetary Fund, Washington.
14. Clemens M.A., Williamson J.G. Why did the tariff-growth correlation reverse after 1950?. Journal of Economic Growth 2004, 9(1):5-46.
15. Dollar D. Outward-oriented developing economies really do grow more rapidly: evidence from 95 LDCs, 1976-1985. Economic Development and Cultural Change 1992, 40(3):523-544.
16. Dollar D., Kraay A. Trade, growth and poverty. The Economic Journal 2004, 114(493):F22-F49.
17. Dreher A. Does globalization affect growth? Evidence from a new index of globalization. Applied Economics 2006, 38(10):1091-1110.
18. Dreher A., Gaston N. Has globalization increased inequality?. Review of International Economics 2008, 16(3):516-536.
19. Dreher A., Gaston N., Martens P. Measuring Globalization - Gauging its Consequences 2008, Springer, New York.
20. Drukker D.M. Testing for serial correlation in linear panel-data models. Stata Journal 2003, 2(3):168-177.
21. Durlauf S.N., Johnson P.A., Temple J.R.W. Growth econometrics. Handbook of Economic Growth 2005, 555-677. chapter 8. P. Aghion, S. Durlauf (Eds.).
22. Easterly W., Levine R. Africa's growth tragedy: policies and ethnic divisions. Quarterly Journal of Economics 1997, 112(4):1203-1250.
23. Easterly W., Levine R., Roodman D. Aid, policies and growth: comment. The American Economic Review 2004, 94(3):774-780.
24. Edwards S. Openness, productivity and growth: what do we really know?. The Economic Journal 1998, 108(447):383-398.
25. Frankel J., Romer D. Does trade cause growth?. The American Economic Review 1999, 89(3):379-399.
26. Gleditsch N.P., Wallensteen P., Eriksson M., Sollenberg M., Strand H. Armed conflict 1946-2001: A new dataset. Journal of Peace Research 2002, 39(5):615-637.
27. Greenaway D., Morgan W., Wright P. Trade reform, adjustment and growth: what does the evidence tell us. The Economic Journal 1998, 108(450):1547-1561.
28. Greiner A., Semler W., Gong G. The Forces of Economic Growth: A Time Series Perspective 2004, Princeton University Press, Princeton, NJ.
29. Jones C. R&D-based models of economic growth. Journal of Political Economy 1995, 103(4):759-784.
30. Korcherlkota, Yi Ke.-Mu. A simple time series test of endogenous vs. exogenous growth models: an application to the United States. The Review of Economics and Statistics 1996, 78(1):126-134.
31. Kornai J. The post socialist transition and the state: reflection in the light of Hungarian fiscal problems. The American Economic Review 1992, 82(2):1-21.
32. Krugman P. Trade and Inequality, Revisited available online at. http://www.voxeu.org/index.php?q=node/261.
33. Leamer E.E. Let's take the con out of econometrics. The American Economic Review 1983, 73(1):31-43.
34. Levine R., Renelt D. A sensitivity analysis of cross-county growth regressions. The American Economic Review 1992, 82(4):942-963.
35. Lockwood B., Redoano M. The CSGR globalization index: an introductory guide, centre for the study of globalization and regionalization. Working Paper 155/04 2005.
36. Lucas R.E. On the mechanics of economic development. Journal of Monetary Economics 1988, 22(1):3-42.
37. Mankiw N.G., Romer D., Weil D.N. A contribution to the empirics of economic growth. Quarterly Journal of Economics 1992, 107(2):407-437.
38. McAleer M., Pagan A.R., Volker P.A. What will take the con out of econometrics?. The American Economic Review 1985, 75(3):293-307.
39. Mengistae T., Pattillo C. Export orientation and productivity in sub-Saharan Africa. International Monetary Fund Staff Papers 2004, 51(2):327-353.
40. Parente S. The failure of endogenous growth, knowledge. Technology and Policy 2001, 13(1):49-58.
41. Pritchett L. Measuring outward orientation in LDC's: can it be done?. Journal of Development Economics 1996, 49(2):307-335.
42. Pritchett L. Understanding patterns of economic growth: searching for hills among plateaus, mountains, and plains. World Bank Economic Review 2000, 14(2):221-250.
43. Quinn D. The correlates of change in international financial regulation. American Political Science Review 1997, 91(3):531-551.
44. Rao, B.B., Cooray, A., forthcoming. How useful is growth literature for Policies in the developing countries? Applied Economics.
45. Roodman D. A note on the theme of too many instruments. Oxford Bulletin of Economics and Statistics 2009, 71(1):153-158.
46. Rodríguez F., Rodrik D. Trade policy and economic growth: a skeptic guide to cross-national evidence. NBER Macroeconomics Annual 2000 2000, 261-324. MIT Press, Cambridge, Mass. B. Bernanke, K. Rogoff (Eds.).
47. Rodrik D. Has Globalization Gone too Far? 1997, Institute for International Economics, Washington, DC.
48. Rodrik D. Saving globalization from its cheerleaders. Journal of International Trade and Diplomacy 2007, 1(2):1-33.
49. Rodrik D. One Economics, Many Recipes: Globalization, Institutions and Economic Growth 2007, Princeton University Press, Princeton.
50. Rogers M. A survey of economic growth. The Economic Record 2003, 79(244):112-135.
51. Sachs J.D., Warner A.M. Economic reform and the process of global integration. Brookings Papers on Economic Activity 1995, 1995(1):1-118.
52. Sala-I-Martin X. I just ran four million regressions. The American Economic Review 1997, 87(2):178-183.
53. Sala-I-Martin X. I just ran four million regressions. NBER Working Paper 1997, 6252. Cambridge, MA.
54. Sala-I-Martin X., Doppelhofer G., Miller R. Determinants of long-term growth: a Bayesian averaging of classical estimates (BACE) approach. The American Economic Review 2004, 94(4):813-835.
55. Senhadji A. Sources of economic growth: an extensive growth accounting exercise. IMF Staff Papers 2000, 47(1):129-157.
56. Solow R. A contribution to the theory of economic growth. Quarterly Journal of Economics 1956, 70(1):65-94.
57. Solow R. Technical change and the aggregate production function. The Review of Economics and Statistics 1957, 39(3):312-320.
58. Solow R. Toward a macroeconomics of the medium run. The Journal of Economic Perspectives 2000, 14(1):151-158.
59. Stiglitz J.E. Globalization and its Discontents 2002, W.W. Norton, New York.
60. Subast T. What does the Hechscher-Ohlin model contribute to international trade theory? A critical assessment. Review of radical political Economics 2003, 35(2):148-165.
61. Summers L. Financial Times, October 29 2006.
62. Uzawa H. Optimum technical change in an aggregative model of economic growth. International Economic Review 1965, 6(1):18-31.
63. Vamvakidis A. Regional integration and economic growth. World Bank Economic Review 1998, 12(2):251-270.
64. Vamvakidis A. How robust is the growth-openness connection? Historical evidence. Journal of Economic Growth 2002, 7(1):57-80.
65. Van Biesebroeck J. Exporting raises productivity in sub-Saharan African manufacturing firms. Journal of International Economics 2005, 67(2):373-391.
66. Wacziarg R., Welch K.H. Trade liberalization and growth: new evidence. World Bank Economic Review 2008, 22(2):187-231.
67. Warner A. Once More into the Breach: Economic Growth and Global Integration unpublished 2002, Harvard University, Cambridge, MA.
68. Witold J.Henisz, Zelner B.A. Measures of political risk - political constraints http://www-management.wharton.upenn.edu/henisz/_vti_bin/shtml.dll/POLCON/ContactInfo.html.
69. Wooldridge J.M. Econometric Analysis of Cross Section and Panel Data 2002, MIT Press, Cambridge, MA.