Similar Search Results

Trade Policy and Economic Growth : a Skeptic'S Guide to Cross-National Evidence

Rodriguez, Francisco; Rodrik, Dani - 2021

Do countries with lower policy-induced barriers to international trade grow faster, once other relevant country characteristics are controlled for? There exists a large empirical literature providing an affirmative answer to this question. We argue that methodological problems with the empirical...

Persistent link: https://www.econbiz.de/10013229058

Trapped Factors and China's Impact on Global Growth

Bloom, Nicholas - 2014

OECD growth rate of 2% we find that trade integration with low-wage countries in the decade around China's WTO accession ….7%. China accounts for about half of these growth increases …

Persistent link: https://www.econbiz.de/10013057413

Why is Trade Reform so Unpopular? on Status Quo Bias in Policy Reforms

Fernández, Raquel; Rodrik, Dani - 2021

Despite the well-known gains from trade, trade liberalization is politically one of the most contentious actions that a government can take. We propose and formalize a new argument, having to do with uncertainty, which is complementary to the usual explanations for why that is the case; many...

Persistent link: https://www.econbiz.de/10013224337

The Rush to Free Trade in the Developing World : Why so Late? Why Now? Will it Last?

Rodrik, Dani - 2022

This paper asks why developing country policymakers have been so reluctant to undertake trade reform until the 1980s, and why many of them have embraced open trade policies so wholeheartedly since then. To answer these questions, the paper develops a heuristic index of the "political...

Persistent link: https://www.econbiz.de/10013324070

Does Openness to Trade Make Countries More Vulnerable to Sudden Stops, or Less? Using Gravity to Establish Causality

Frankel, Jeffrey A.; Cavallo, Eduardo A. - 2021

Openness to trade is one factor that has been identified as determining whether a country is prone to sudden stops in capital inflow, currency crashes, or severe recessions. Some believe that openness raises vulnerability to foreign shocks, while others believe that it makes adjustment to crises...

Persistent link: https://www.econbiz.de/10013311905

Taking Trade Policy Seriously : Export Subsidization as a Case Study in Policy Effectiveness

Rodrik, Dani - 2021

differ across countries and issue areas. Case studies of export subsidization in Korea, Brazil, Turkey, India, Kenya, and …

Persistent link: https://www.econbiz.de/10013222055

Trade Policy and Economic Performance in Sub-Saharan Africa

Rodrik, Dani - 2021

restrictions have been an important obstacle to exports in the past, and their reduction can be expected to result in significantly … case in which exports are not responsive to prices or to the traditional instruments of commercial policy. At the same time …

Persistent link: https://www.econbiz.de/10013224680

Trade Strategy, Investment, and Exports : Another Look at East Asia

Rodrik, Dani - 2021

The export booms in South Korea and Taiwan starting in the early 1960s are anomalous when compared with later export … in investment. This paper offers an argument and a formal model to suggest that exports in East Asia may have been driven … exports and imports. Moreover, this could happen with a relatively small change in the relative price of exportables …

Persistent link: https://www.econbiz.de/10013217208

Trade and Industrial Policy Reform in Developing Countries : A Review of Recent Theory and Evidence

Rodrik, Dani - 2021

This paper reviews recent theory and evidence on trade and industrial policy reform in developing countries. First, the theoretical and empirical basis of the rationales for policy reform are discussed. Next, two sources of heterodoxy are identified and evaluated: (a) the East Asian experience...

Persistent link: https://www.econbiz.de/10013217938

What Does the Political Economy Literature on Trade Policy (Not) Tell Usthat We Ought to Know?

Rodrik, Dani - 2022

Three questions lie at the core of the large and distinguished literature on the political economy of trade policy. First, why is international trade not free? Second, why are trade policies universally biased against (rather than in favor of) trade? Third, what are the determinants of the...

Persistent link: https://www.econbiz.de/10013323558