Since 2014
The impact of international trade flows on economic growth in Brazilian states
Review of Economics and Institutions
View Archive Info| Field | Value | |
| Title |
The impact of international trade flows on economic growth in Brazilian states
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| Creator |
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| Subject |
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international trade, growth equation, GMM estimator, Brazilian states F43, R11 |
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| Description |
This paper explores the impact of trade openness on the economic growth of Brazilian states according to their initial income level. This empiri- cal study covers 26 Brazilian states over the period 1989-2002. Growth rates of Brazilian states are modeled as dependent on international trade flows and a set of control variables such as initial income level, human capital, private and public physical capital, growth rate of labor force and a number of inter- action terms with trade openness. This empirical analysis relies on dynamic growth regressions, using the system GMM estimator. The results indicate that trade openness is more beneficial to states with a high level of initial per capita income and therefore contributes to increased regional dispari- ties in Brazil. In addition, trade openness favors more industrialized states, well-endowed in human capital, rather than states whose economic activity is mainly based on agriculture and farming. These results have important policy implications since achieving balanced territorial development has be- come a priority for the Brazilian federal government over the last few decades.
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| Publisher |
University of Perugia
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| Contributor |
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| Date |
2010-12-30
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| Type |
info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion Peer-reviewed Article |
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| Format |
application/pdf
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| Identifier |
http://www.rei.unipg.it/rei/article/view/27
10.5202/rei.v2i1.27 |
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| Source |
Review of Economics and Institutions; Vol 2, No 1 (2011)
2038-1379 2038-1344 |
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| Language |
eng
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| Relation |
http://www.rei.unipg.it/rei/article/view/27/32
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| Rights |
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