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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

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

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

What You Export Matters

Hausmann, Ricardo; Hwang, Jason; Rodrik, Dani - 2021

formally and adduce some empirical support for it. We construct an index of the "income level of a country's exports," document …

Persistent link: https://www.econbiz.de/10013219717

Open Regionalism in a World of Continental Trade Blocs

Wei, Shang-Jin; Frankel, Jeffrey A. - 2021

Continental trade blocs are emerging in many parts of the world almost in tandem. If trade blocs are required to … reduction of trade barriers against non-member countries. That may not be politically feasible. On the other hand, in a world of …

Persistent link: https://www.econbiz.de/10013225933

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

Rule of Law, Democracy, Openness, and Income : Estimating the Interrelationships

Rodrik, Dani; Rigobon, Roberto - 2021

We estimate the interrelationships among economic institutions, political institutions, openness, and income levels, using identification through heteroskedasticity (IH). We split our cross-national dataset into two sub-samples: (i) colonies versus non-colonies; and (ii) continents aligned on an...

Persistent link: https://www.econbiz.de/10013227787

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

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