Understanding economic openness: a review of existing measures

This paper surveys measures of economic openness, the latter being understood as the degree to which non-domestic actors can or do participate in a domestic economy. Based on the existing literature, the authors introduce a typology of openness indicators, which distinguishes between ‘real’ and ‘fin...

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Detalles Bibliográficos
Autores principales: Gräbner, Claudius, Heimberger, Philipp, Kapeller, Jakob, Springholz, Florian
Formato: Online Artículo Texto
Lenguaje:English
Publicado: Springer Berlin Heidelberg 2020
Materias:
Original Paper
Acceso en línea:https://www.ncbi.nlm.nih.gov/pmc/articles/PMC7461754/
http://dx.doi.org/10.1007/s10290-020-00391-1
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author Gräbner, Claudius
Heimberger, Philipp
Kapeller, Jakob
Springholz, Florian
author_facet Gräbner, Claudius
Heimberger, Philipp
Kapeller, Jakob
Springholz, Florian
author_sort Gräbner, Claudius
collection PubMed
description This paper surveys measures of economic openness, the latter being understood as the degree to which non-domestic actors can or do participate in a domestic economy. Based on the existing literature, the authors introduce a typology of openness indicators, which distinguishes between ‘real’ and ‘financial’ openness as well as ‘de-facto’ and ‘de-jure’ measures of openness. They use data collected on these indicators to analyze trends in openness over time and to conduct a correlation analysis across indicators. Finally, they illustrate the potential consequences of employing different openness measures in a growth regression framework. ELECTRONIC SUPPLEMENTARY MATERIAL: The online version of this article (10.1007/s10290-020-00391-1) contains supplementary material, which is available to authorized users.
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spelling pubmed-74617542020-09-02 Understanding economic openness: a review of existing measures Gräbner, Claudius Heimberger, Philipp Kapeller, Jakob Springholz, Florian Rev World Econ Original Paper This paper surveys measures of economic openness, the latter being understood as the degree to which non-domestic actors can or do participate in a domestic economy. Based on the existing literature, the authors introduce a typology of openness indicators, which distinguishes between ‘real’ and ‘financial’ openness as well as ‘de-facto’ and ‘de-jure’ measures of openness. They use data collected on these indicators to analyze trends in openness over time and to conduct a correlation analysis across indicators. Finally, they illustrate the potential consequences of employing different openness measures in a growth regression framework. ELECTRONIC SUPPLEMENTARY MATERIAL: The online version of this article (10.1007/s10290-020-00391-1) contains supplementary material, which is available to authorized users. Springer Berlin Heidelberg 2020-09-01 2021 /pmc/articles/PMC7461754/ http://dx.doi.org/10.1007/s10290-020-00391-1 Text en © The Author(s) 2020 https://creativecommons.org/licenses/by/4.0/Open AccessThis article is licensed under a Creative Commons Attribution 4.0 International License, which permits use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons licence, and indicate if changes were made. The images or other third party material in this article are included in the article’s Creative Commons licence, unless indicated otherwise in a credit line to the material. If material is not included in the article's Creative Commons licence and your intended use is not permitted by statutory regulation or exceeds the permitted use, you will need to obtain permission directly from the copyright holder. To view a copy of this licence, visit http://creativecommons.org/licenses/by/4.0/ (https://creativecommons.org/licenses/by/4.0/) .
spellingShingle Original Paper
Gräbner, Claudius
Heimberger, Philipp
Kapeller, Jakob
Springholz, Florian
Understanding economic openness: a review of existing measures
title Understanding economic openness: a review of existing measures
title_full Understanding economic openness: a review of existing measures
title_fullStr Understanding economic openness: a review of existing measures
title_full_unstemmed Understanding economic openness: a review of existing measures
title_short Understanding economic openness: a review of existing measures
title_sort understanding economic openness: a review of existing measures
topic Original Paper
url https://www.ncbi.nlm.nih.gov/pmc/articles/PMC7461754/
http://dx.doi.org/10.1007/s10290-020-00391-1
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