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The relationship between openness and growth in the United Kingdom: a summary of the Bank of England openness and growth project

Redding, Stephen (1997) The relationship between openness and growth in the United Kingdom: a summary of the Bank of England openness and growth project. Bank of England Quarterly Bulletin, 37 (4). pp. 390-405. ISSN 0005-5166

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Abstract

This article summarises the results of the Bank’s Openness and Growth Project. The empirical findings suggest that openness is closely associated with growth in productivity both across countries and across sectors within the United Kingdom. Between 1970 and 1992, some 15% of the initial gap in productivity between the United Kingdom and the United States was closed. Of this, roughly half was attributable to the rise in international openness.

Item Type: Article
Official URL: http://www.bankofengland.co.uk/publications/Pages/...
Additional Information: © 1997 Bank of England
Library of Congress subject classification: H Social Sciences > H Social Sciences (General)
H Social Sciences > HB Economic Theory
Journal of Economic Literature Classification System: F - International Economics > F4 - Macroeconomic Aspects of International Trade and Finance > F41 - Open Economy Macroeconomics
N - Economic History > N1 - Macroeconomics and Monetary Economics; Growth and Fluctuations > N12 - U.S.; Canada: 1913-
N - Economic History > N1 - Macroeconomics and Monetary Economics; Growth and Fluctuations > N14 - Europe: 1913-
Sets: Research centres and groups > Centre for Economic Performance (CEP)
Departments > Economics
Collections > Economists Online
Rights: http://www.lse.ac.uk/library/usingTheLibrary/academicSupport/OA/depositYourResearch.aspx
Date Deposited: 23 Jun 2008 11:28
URL: http://eprints.lse.ac.uk/5508/

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