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The role of openness in economic growth of regions

Doktor hab. Tomasz Brodzicki

t.brodzicki@instytut-rozwoju.org

The role of openness in economic growth of regions

The perspectives of economic growth and new economic geography theory and empirics

February 2018

Tomasz Brodzicki a

Abstract

The bond between economic growth and openness of regions is a complex and to some extent ambiguous both from theoretical and empirical perspectives. The relationship becomes even more blurred if we take into account spatial nonlinearity into account. In the present paper we critically review the theoretical and empirical literature in the two strands – economic growth and new economic geography. It seems that the analysis of the impact of openness on economic growth of regions should take into account the various potential channels, try to prove the direction of causality and acknowledge the presence of spatial interlinkages between regions. This is in particular important for mid-size and large-size economies with a significant number of regions and large regional heterogeneity frequently due to more deep-rooted factors. It implies the use of spatial econometric techniques.

JEL Classification:      F21, F43, O47, R11, R12

Keywords:                  economic growth, economic development, openness, trade, FDI, regional economics

The study has been supported by a grant from the National Science Centre [grant no. 2015/19/B/HS4/01704] ‘Regional Exporting Activity. Assessment of Determinants in Light of Contemporary Foreign Trade Theory for Poland and Spain’.  

The paper is available at:

http://www.instytut-rozwoju.org/WP/IR_WP2018_01.pdf 

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Dodatkowe

  • Tagi:

    economic growth, economic development, openness, trade, FDI, regional economics

  • JEL:F21, F43, O47, R11, R12
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