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- W257900900 abstract "In this paper, we propose a new approach to represent a country's outward orientation.Prior work mostly uses indicators of aggregate trade intensity, trade policyor trade restrictiveness. Our approach offers a broader perspective as it measuresa country's level of integration not only by its set of direct trade connections withthe rest of the world but also through the full architecture of its second, third, andall other higher-order connections. We apply our methodology to a sample of 167countries spanning the period from 1962 to 2009 and perform a Bayesian modelaveraginganalysis on the determinants of growth. We find a prominent positive effect of integration on a country's level of per capita income, while the aforementionedtraditional measures of outward orientation display only a secondary, largelyinsignificant, weight. This, we argue, highlights the network basis of economic growthand adds a novel perspective to the notion of economic openness. We also performseveral sensitivity checks and conclude that our baseline findings are extremely robustto different data input and alternative assumptions about the computation ofcountry integration." @default.
- W257900900 created "2016-06-24" @default.
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- W257900900 date "2014-01-01" @default.
- W257900900 modified "2023-09-27" @default.
- W257900900 title "The Network Origins of Economic Growth" @default.
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