Economic Growth in Developing Countries: Is Landlockedness Destiny?
| Autor: | Ramesh Paudel |
|---|---|
| Rok vydání: | 2014 |
| Předmět: |
business.industry
Corporate governance media_common.quotation_subject Developing country jel:F43 Destiny International trade jel:C33 Natural resource Good governance Landlocked Countries Economic Growth Governance Hausman-Taylor Estimation jel:O50 Resource curse Development economics jel:O43 Economics Openness to experience Landlocked country business General Economics Econometrics and Finance media_common |
| Zdroj: | Economic Papers: A journal of applied economics and policy. 33:339-361 |
| ISSN: | 0812-0439 |
| DOI: | 10.1111/1759-3441.12096 |
| Popis: | This paper examines the determinants of economic growth in developing countries within the standard growth regression framework, with special attention being paid to the experience of landlocked countries. The results confirm the findings of previous studies that landlockedness hampers economic growth, but the magnitude of negative impact is sensitive to alternative estimation methods. However, the analysis suggests that good governance, trade-openness, and coordinating infrastructure development with neighbours explain the significant aspect of the inter-country differences in growth rates among landlocked developing countries (LLDCs). The results also suggest that African landlocked are not different from the other LLDCs. Contrary to the 'resource-curse' hypothesis, natural resources seem to contribute to economic growth of LLDCs. |
| Databáze: | OpenAIRE |
| Externí odkaz: |
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