IMF Staff Papers, Volume 56, No. 3

Released on by International Monetary Fund. Research Dept.
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  • IMF Staff Papers, Volume 56, No. 3 Book Detail

  • Author : International Monetary Fund. Research Dept.
  • Release Date : 2009-07-31
  • Publisher : International Monetary Fund
  • Genre : Business & Economics
  • Pages : 248
  • ISBN 13 : 1589068203
  • File Size : 83,83 MB
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IMF Staff Papers, Volume 56, No. 3 by International Monetary Fund. Research Dept. PDF Summary

Book Description: Studies of the impact of trade openness on growth are based either on crosscountry analysis—which lacks transparency—or case studies—which lack statistical rigor. This paper applies a transparent econometric method drawn from the treatment evaluation literature (matching estimators) to make the comparison between treated (that is, open) and control (that is, closed) countries explicit while remaining within a statistical framework. Matching estimators highlight that common cross-country evidence is based on rather far-fetched country comparisons, which stem from the lack of common support of treated and control countries in the covariate space. The paper therefore advocates paying more attention to appropriate sample restriction in crosscountry macro research.

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IMF Staff Papers, Volume 56, No. 3

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