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Baldwin, Richard E. - 1996

This paper presents five theoretical openness-and-growth links that can account for trade-induced investment-led growth …, cross-country data suggests that openness influences growth only via its effect on investment, and suggests that openness … promotes investment in all countries whatever the capital-intensive of their exports (contrary to predictions of the old …

Persistent link: https://www.econbiz.de/10012473266

Testing for Trade-Induced Investment-Led Growth

Baldwin, Richard E. - 1996

novel theoretical model that establishes a link between trade liberalization and investment-led growth. Estimating equations … domestic protection depresses investment and thereby slows growth. Foreign trade barriers also lower domestic investment, but … the anti-investment effect is weaker and is less robust to sample and specification changes …

Persistent link: https://www.econbiz.de/10012473448

The Economic Tragedy of the XXth Century : Growth in Africa

Artadi, Elsa V. - 2003

rates Africa would have enjoyed if these key determinants had taken OECD rather than African values. Expensive investment …

Persistent link: https://www.econbiz.de/10012468832

Trade and Growth : Import-Led or Export-Led? Evidence From Japan and Korea

Lawrence, Robert Z. - 1999

It is commonly argued that Japanese trade protection has enabled the nurturing and development internationally competitive firms. The results in our paper suggest that when it comes to TFP growth, this view of Japan is seriously erroneous. We find that lower tariffs and higher import volumes...

Persistent link: https://www.econbiz.de/10012471526

How Economic Ideas Led to Taiwan's Shift to Export Promotion in the 1950s

Irwin, Douglas A. - National Bureau of Economic Research - 2021

Taiwan was perhaps the first developing country to adopt an export-oriented trade strategy after World War II. The factors usually associated with big shifts in policy--a macroeconomic crisis, a change in political power or institutions, lobbying by export interests, pressure from international...

Persistent link: https://www.econbiz.de/10012629518

Currency Undervaluation and Comparative Advantage

Bergin, Paul R. - National Bureau of Economic Research - 2022

This paper highlights a tradeoff implied by a policy of export-led growth through currency undervaluation. While undervaluation can foster domestic manufacturing in countries like China by sustaining trade surplus, it also can harm a country's comparative advantage by altering the composition of...

Persistent link: https://www.econbiz.de/10012814474

Does Trade Reform Promote Economic Growth? A Review of Recent Evidence

Irwin, Douglas A. - 2019

Do trade reforms that significantly reduce import barriers lead to faster economic growth? In the two decades since Rodríguez and Rodrik's (2000) critical survey of empirical work on this question, new research has tried to overcome the various methodological problems that have plagued previous...

Persistent link: https://www.econbiz.de/10012479877

The Structure of Protection and Growth in the Late 19th Century

Lehmann, Sibylle H. - 2008

Many papers have explored the relationship between average tariff rates and economic growth, when theory suggests that the structure of protection is what should matter. We therefore explore the relationship between economic growth and agricultural tariffs, industrial tariffs, and revenue...

Persistent link: https://www.econbiz.de/10012464154

Market Access, Openness and Growth

Romalis, John - 2007

This paper identifies a causal effect of openness to international trade on growth. It does so by using tariff barriers of the United States as instruments for the openness of developing countries. Trade liberalization by a large trading partner causes an expansion in the trade of other...

Persistent link: https://www.econbiz.de/10012465606

International Reserves Management and the Current Account

Aizenman, Joshua - 2006

The paper assesses the costs and benefits of active international reserve management (IRM), shedding light on the question of how intense should IRM be for an emerging market. In principle, an active IRM strategy could lower real exchange rate volatility induced by terms of trade shocks; provide...

Persistent link: https://www.econbiz.de/10012465926

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