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Economic Consequences of Landlockedness - What Makes a Difference?

Author

Listed:
  • Miao, Guannan

    (OECD)

  • Woergoetter, Andreas

    (TU Wien)

Abstract

The economic disadvantage of landlocked countries is well established in the literature (Faye et al, 2004). This paper investigates the economicimpact of landlockedness on convergence. The econometric analysis is carried out for three income groups and the time before and after the global financial crisis (GFC) of 2007/9. The quality of institutions, investment rate, landlockedness, international trading costs and trade openness are used as conditional variables. The time period under investigation is 1996 to 2016. This paper contributes to the debate between geography (Sachs, 2003) and institutions (Rodrik et al, 2004) as main obstacles for higher economic growth in landlocked countries.

Suggested Citation

  • Miao, Guannan & Woergoetter, Andreas, 2021. "Economic Consequences of Landlockedness - What Makes a Difference?," IHS Working Paper Series 35, Institute for Advanced Studies.
    • Handle: RePEc:ihs:ihswps:35
    as

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    File URL: https://irihs.ihs.ac.at/id/eprint/5919/
    File Function: First version, 2021
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    References listed on IDEAS

    as
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    3. Dani Rodrik & Arvind Subramanian & Francesco Trebbi, 2004. "Institutions Rule: The Primacy of Institutions Over Geography and Integration in Economic Development," Journal of Economic Growth, Springer, vol. 9(2), pages 131-165, June.
    4. MacKellar, Landis & Woergoetter, Andreas & Woerz, Julia, 2000. "Economic Development Problems of Landlocked Countries," Transition Economics Series 14, Institute for Advanced Studies.
    5. Smirnykh, Larisa & Woergoetter, Andreas, 2021. "Regional convergence in CEE before and after the Global Financial Crisis," IHS Working Paper Series 33, Institute for Advanced Studies.
    6. Sala-i-Martin, Xavier X, 1996. "The Classical Approach to Convergence Analysis," Economic Journal, Royal Economic Society, vol. 106(437), pages 1019-1036, July.
    7. Ramesh C. Paudel, 2014. "Economic Growth in Developing Countries: Is Landlockedness Destiny?," Economic Papers, The Economic Society of Australia, vol. 33(4), pages 339-361, December.
    8. Julian Donaubauer & Alexander Glas & Birgit Meyer & Peter Nunnenkamp, 2018. "Disentangling the impact of infrastructure on trade using a new index of infrastructure," Review of World Economics (Weltwirtschaftliches Archiv), Springer;Institut für Weltwirtschaft (Kiel Institute for the World Economy), vol. 154(4), pages 745-784, November.
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    10. Jeffrey D. Sachs, 2003. "Institutions Don't Rule: Direct Effects of Geography on Per Capita Income," NBER Working Papers 9490, National Bureau of Economic Research, Inc.
    11. Raballand, Gael & Kunaka, Charles & Giersing, Bo, 2008. "The impact of regional liberalization and harmonization in road transport services : a focus on Zambia and lessons for landlocked countries," Policy Research Working Paper Series 4482, The World Bank.
    12. Jean-François Arvis & Gaël Raballand & Jean-François Marteau, 2010. "The Cost of Being Landlocked : Logistics Costs and Supply Chain Reliability," World Bank Publications - Books, The World Bank Group, number 2489.
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