This study investigates the effect of openess on economic growth for rapidly growing economies in East Asia in which rapid growth has been accompanied by a persistent openess to world trade. The framework of analysis is a five-variable vector auto-regressive model that consists of real output,...

New growth theories suggest that an economy's increased openness raises domestic productivity, and hence must have a positive effect on the living standards of a nation. The North Korean economy, isolated from world trade for several decades and its economy devastated, provides a test for this...

The effect of increasing openness on real output growth in China is examined. The framework of analysis is a regression model that uses time-series data for each province. For east coastal provinces, increasing openness is found to have positive effects on real output growth, and some of the...

The export-led growth hypothesis has been examined for the case of South Korea, which has long been regarded as a typical export-oriented economy. In particular, the expansion of exports in South Korea has been reinforced by the imports of raw materials and intermediate goods from overseas, and...