Trade openness and economic growth: is there a direct causality?: Challenges in measuring the impact of trade openness on econom,Used

Trade openness and economic growth: is there a direct causality?: Challenges in measuring the impact of trade openness on econom,Used

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The idea that free trade is a desirable factor for the economy originates all the way back in the 18th century: Adam Smith (1776) predicted that countries could grow if they would all specialize according to their absolute advantage and that all will gain from free trade. David Ricardo (1817, p. 88) opposed tariffs based on the argument that they generate inefficient usage of domestic resources; in his view, countries should specialize in goods for which they have a comparative productivity advantage. Recent studies have examined the relationship between openness and growth, with mixed results; some (e.g. Edwards, 1993) argued that trade openness promotes growth, while others (Rodriguez and Rodrik,2000)have criticised this idea with a series of arguments, such as the inappropriateness of variables used for expressing trade openness. In this thesis, we will examine the arguments of both sides, followed by our own empirical analysis.

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We ship your order within 2–3 business days for USA deliveries and 5–8 business days for international shipments. Once your package has been dispatched from our warehouse, you'll receive an email confirmation with a tracking number, allowing you to track the status of your delivery.

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We provide a 2-year limited warranty, from the date of purchase for all our products.

If you believe you have received a defective product, or are experiencing any problems with your product, please contact us.

This warranty strictly does not cover damages that arose from negligence, misuse, wear and tear, or not in accordance with product instructions (dropping the product, etc.).

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