Get 20M+ Full-Text Papers For Less Than $1.50/day. Start a 14-Day Trial for You or Your Team.

Learn More →

Foreign Trade, Human Capital and Economic Growth in Taiwan A Reexamination

Foreign Trade, Human Capital and Economic Growth in Taiwan A Reexamination This paper reexamines recent claims in the literature that foreign trade economic openness plays no role in the Taiwanese economic growth once human capital is taken into account. We show that such a claim lacks weight and is primarily the outcome of model misspecification. In the context of properly specified models, results from cointegration, errorcorrection models, and variance decompositions all suggest that economic openness is a significant catalyst of growth in Taiwan over and above any growth contribution of human capital accumulation. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Studies in Economics and Finance Emerald Publishing

Foreign Trade, Human Capital and Economic Growth in Taiwan A Reexamination

Loading next page...
 
/lp/emerald-publishing/foreign-trade-human-capital-and-economic-growth-in-taiwan-a-0TmbnZ6CJF

References (21)

Publisher
Emerald Publishing
Copyright
Copyright © Emerald Group Publishing Limited
ISSN
1086-7376
DOI
10.1108/eb028761
Publisher site
See Article on Publisher Site

Abstract

This paper reexamines recent claims in the literature that foreign trade economic openness plays no role in the Taiwanese economic growth once human capital is taken into account. We show that such a claim lacks weight and is primarily the outcome of model misspecification. In the context of properly specified models, results from cointegration, errorcorrection models, and variance decompositions all suggest that economic openness is a significant catalyst of growth in Taiwan over and above any growth contribution of human capital accumulation.

Journal

Studies in Economics and FinanceEmerald Publishing

Published: Jan 1, 2002

There are no references for this article.