Modeling aggregate trade flow and measuring openness to international trade.
Item
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Title
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Modeling aggregate trade flow and measuring openness to international trade.
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Identifier
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AAI9325142
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identifier
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9325142
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Creator
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Sari, Osman.
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Contributor
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Adviser: Robert Edward Lipsey
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Date
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1993
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Language
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English
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Publisher
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City University of New York.
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Subject
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Economics, General | Economics, Theory
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Abstract
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The effects of openness to international trade have been increasingly emphasized in the literature of international trade, macro analysis and development economics. However, there is no general agreement as to: (i) what openness is; (ii) how to measure it and; (iii) how it is linked to other economic variables. The primary purpose of this dissertation is to present a framework in which we can deal with these three questions simultaneously. I define openness of a country as its trade intensity relative to a norm. The norm is the predicted trade intensity under the assumption that the height of artificial barriers of the given country is the same with the height of artificial barriers of the base country. This dissertation contains four chapters. The first chapter is introduction. In the second chapter, the concept of openness, its use in international trade, macro analysis and development economics and the existing indicators of openness is discussed. In the third chapter, first three theoretical models implying gravity equations are presented, then a search theoretical model of aggregate trade flows that supports the variable selection in gravity equations is introduced. In the last chapter, first, the empirical model and findings are discussed. Secondly, an openness index that is continuous, objective, interpretable, implementable, and comparable among countries and over time is introduced. Lastly, the openness index is compared with existing indicators of openness. The openness index is highly correlated with other indicators of openness.
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Type
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dissertation
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Source
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PQT Legacy CUNY.xlsx
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degree
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Ph.D.
