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Replication Data for: False Prophet, or Genuine Savior? Assessing the Effects of Economic Openness on Sustainable Development, 1980-1999 (with Indra de Soysa), International Organization 59 (3), 2005, pp. 731-772

Harvard Dataverse (Africa Rice Center, Bioversity International, CCAFS, CIAT, IFPRI, IRRI and WorldFish)

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Title Replication Data for: False Prophet, or Genuine Savior? Assessing the Effects of Economic Openness on Sustainable Development, 1980-1999 (with Indra de Soysa), International Organization 59 (3), 2005, pp. 731-772
 
Identifier https://doi.org/10.7910/DVN/6IYP9L
 
Creator Neumayer, Eric
 
Publisher Harvard Dataverse
 
Description While many herald globalization—the increasing interconnectedness
of national economies—to be associated with rising standards of living across the
globe, others fear its effects on sustainability. Antiglobalization forces and environmentalists
view these developments as a threat to the welfare of future generations
because of profligate and excessive current consumption. This study is the first to
estimate the effects of dependence on trade, foreign direct investment (FDI), and an
index of economic freedom on the World Bank’s measure of sustainability - the genuine
savings rate - which measures the rate at which investment in the total stock of
manufactured, human, and natural capital exceeds its depreciation. Contrary to pessimists’
fears, our indicators of economic openness show positive effects on sustainability,
results that are robust to sample size, testing procedure, and several alternative
specifications. The results support those who suggest that distorted economies tend
to be both inefficient and damaging to future generations. If increasing trade, FDI,
and economic freedom are hallmarks of globalization, then worries about its effects
on future well-being are misplaced.
 
Subject Social Sciences
 
Contributor Neumayer, Eric