منابع مشابه
Trade openness, capital openness and government size
This paper provides empirical evidence of the relation between trade openness, capital openness and government expenditures in a cross-sectional time-series context. It is shown that capital openness is significantly and negatively related to government expenditures in line with the conventional wisdom that capital mobility may undermine the ability of governments to maintain larger public sect...
متن کاملOpenness and Inflation∗
A general equilibrium model of a small open economy is developed to analyze the optimal rate of inflation under discretion. Once agents’ welfare is the sole policy objective it is possible to show that openness and inflation no longer have a simple inverse relationship. A greater degree of openness may lead the policy maker to want to exploit the short-run Phillips curve more aggressively, even...
متن کاملFinancial Openness and Productivity
Financial openness is often associated with higher rates of economic growth. We show that the impact of openness on factor productivity growth is more important than the effect on capital growth. This explains why the growth effects of liberalization appear to be largely permanent, not temporary. We attribute these permanent liberalization effects to the role financial openness plays in stock m...
متن کاملCorruption and Openness∗
We report an intriguing empirical observation. The relationship between corruption and output depends on the economy’s degree of openness: in open economies, corruption and GNP per capita are strongly negatively correlated, but in closed economies there is no relationship at all. This stylized fact is robust to a variety of different empirical specifications. In particular, the same basic patte...
متن کاملOpenness and Growth
Opening up the Australian economy to international trade has become one of the cornerstones of economic policy over the past decade. Tariff protection and assistance to the manufacturing sector, for instance, have already fallen dramatically and are intended to be reduced to negligible proportions by the end of the century. Whereas average effective rates of assistance were over 20 per cent in ...
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ژورنال
عنوان ژورنال: International Journal of Mathematics and Mathematical Sciences
سال: 1984
ISSN: 0161-1712,1687-0425
DOI: 10.1155/s0161171284000041