ASSESSING ECONOMIC LIBERALIZATION EPISODES: A SYNTHETIC CONTROL APPROACH

• 成果类型: Article
• 署名作者: Billmeier, Andreas; Nannicini, Tommaso
• 署名单位: Bocconi University
• 刊物名称: REVIEW OF ECONOMICS AND STATISTICS
• ISSN/ISSBN: 0034-6535
• DOI: 10.1162/REST_a_00324
• 发表日期: 2013-07
• 页码: 983-1001
• 关键词: trade liberalization; GROWTH; openness; income

摘要

We use a transparent statistical methodology for data-driven case studies-the synthetic control method-to investigate the impact of economic liberalization on real GDP per capita in a worldwide sample of countries. Economic liberalization is measured by a widely used indicator that captures the scope of the market in the economy. The methodology compares the postliberalization GDP trajectory of treated economies with the trajectory of a combination of similar but untreated economies. We find that liberalizing the economy had a positive effect in most regions, but more recent liberalizations, in the 1990s and mainly in Africa, had no significant impact.