Causality between Openness and Indigenous Factors among World Economies Report as inadecuate




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Abstract

The paper studies the causality relationship between economic openness and indigenous factors. The construction of the Openness Index and the Indigenous Index provides a measure on the extent of openness and indigenous development among world economies. The two indices are used to study their causality. The empirical findings show that there are bi-directional dynamic causality relationships between openness and indigenous factors. Indigenous factors help to forecast openness factors and vice versa.



Item Type: MPRA Paper -

Original Title: Causality between Openness and Indigenous Factors among World Economies-

English Title: Causality between Openness and Indigenous Factors among World Economies-

Language: English-

Keywords: Openness, indigeneity, panel data model, causality test-

Subjects: O - Economic Development, Innovation, Technological Change, and Growth > O1 - Economic Development > O11 - Macroeconomic Analyses of Economic DevelopmentF - International Economics > F0 - General > F02 - International Economic Order and IntegrationC - Mathematical and Quantitative Methods > C3 - Multiple or Simultaneous Equation Models ; Multiple Variables > C33 - Panel Data Models ; Spatio-temporal Models-





Author: Zhou, X.

Source: https://mpra.ub.uni-muenchen.de/36421/







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