Trade liberalisation and growth in developing countries

• 成果类型: Article
• 署名作者: Greenaway, D; Morgan, W; Wright, P
• 署名单位: University of Nottingham
• 刊物名称: JOURNAL OF DEVELOPMENT ECONOMICS
• ISSN/ISSBN: 0304-3878
• DOI: 10.1016/S0304-3878(01)00185-7
• 发表日期: 2002
• 页码: 229-244
• 关键词: Trade liberalisation; GROWTH

摘要

Trade liberalisation in developing countries over the last 20 years has often been implemented with the expectation of growth being stimulated; yet the evidence on its growth enhancing effects is mixed. This paper argues that problems with mis-specification and the diversity of liberalisation indices used are in part responsible for the inconclusiveness. Using a dynamic panel framework and three different indicators of liberalisation, the paper finds that liberalisation does appear to impact upon growth, albeit with a lag. The evidence points to a J curve type response and this finding is robust to changes in specification, sample size and data period, (C) 2002 Elsevier Science B.V. All rights reserved.