Trade openness, labour market rigidity and economic growth: A dynamic panel data analysis
The result's identifiers
Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F61989100%3A27510%2F17%3A10238159" target="_blank" >RIV/61989100:27510/17:10238159 - isvavai.cz</a>
Result on the web
<a href="http://journals.sagepub.com/doi/abs/10.1177/1035304617722904" target="_blank" >http://journals.sagepub.com/doi/abs/10.1177/1035304617722904</a>
DOI - Digital Object Identifier
<a href="http://dx.doi.org/10.1177/1035304617722904" target="_blank" >10.1177/1035304617722904</a>
Alternative languages
Result language
angličtina
Original language name
Trade openness, labour market rigidity and economic growth: A dynamic panel data analysis
Original language description
The rapid liberalisation of trade policies since the 1990s has brought additional attention to the role of trade as an engine of economic growth. Although an abundant literature addresses the relationship between openness and economic growth, the real effect of trade liberalisation is still ambiguous and undetermined. Most previous studies have ignored the selection effects of strict labour regulations on international trade. The main objective of this study is to measure the role of labour regulations in moderating the contribution of trade to economic growth among 30 Organisation for Economic Co-operation and Development countries for the period 2006-2013. In doing so, we employ a one-step Generalised Method of Moments system estimation method. Our results reveal that openness to trade does not have a robust and significant effect on growth. However, the interaction of openness with strict labour regulations enhances the contributions of trade to growth.
Czech name
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Czech description
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Classification
Type
J<sub>imp</sub> - Article in a specialist periodical, which is included in the Web of Science database
CEP classification
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OECD FORD branch
50202 - Applied Economics, Econometrics
Result continuities
Project
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Continuities
I - Institucionalni podpora na dlouhodoby koncepcni rozvoj vyzkumne organizace
Others
Publication year
2017
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů
Data specific for result type
Name of the periodical
Economic and Labour Relations Review
ISSN
1035-3046
e-ISSN
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Volume of the periodical
28
Issue of the periodical within the volume
4
Country of publishing house
GB - UNITED KINGDOM
Number of pages
9
Pages from-to
555-564
UT code for WoS article
000416255600005
EID of the result in the Scopus database
2-s2.0-85035140167