Economic Openness and Growth in China and India: A Comparative Study

Authors

  • Fengbao Yin Kobe University
  • Shigeyuki Hamori Kobe University

DOI:

https://doi.org/10.6000/1929-7092.2012.01.12

Keywords:

Economic openness, KOF index, Melo-Vogt hypotheses, Hansen test, FMOLS, DOLS

Abstract

Abstract: This paper examines the Melo-Vogt hypotheses and compares the effects of economic openness in China and India. The two defining characteristics of this paper are the addition of a cross term containing the economic globalization index to the traditional import demand function model, and testing for cointegration between variables using Hansen's (1992) method that considers structural change. The results indicate that increasing economic openness has had a greater impact on the economy in China than in India.

Author Biographies

Fengbao Yin, Kobe University

Graduate School of Economics

Shigeyuki Hamori, Kobe University

Faculty of Economics

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Published

2012-11-06

How to Cite

Yin, F., & Hamori, S. (2012). Economic Openness and Growth in China and India: A Comparative Study. Journal of Reviews on Global Economics, 1, 139–149. https://doi.org/10.6000/1929-7092.2012.01.12

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Articles