This paper uses three models of a small open economy to analyze the effects of terms of trade and exchange rate changes … factors model is developed and used to investigate how an exogenous worsening of the intern.ationa1 terms of trade affect …

contemplated a trade liberalization process that would create a low and uniform tariff structure. In this paper I review the …

that for most nations the adjustment has been highly recessive. Next, the potential role of trade reforms in securing the …

political and economic circumstances surrounding Chile's unilateral trade liberalization during five stages (covering the period …-level survey data to analyze the effects of trade liberalization on Chile's unemployment. We conclude that during the 1970s and …

For over a century social analysts have debated the connection between trade policy and economic performance. This … controversy continues today, even as the world is experiencing an unprecedented period of trade liberalization, and in spite of … numerous empirical studies that claim to have found a positive effect of openness on growth. Two issues have been at the core …

This paper documents and evaluates the process of trade reforms in Latin America from the mid-1980s until 1993. It … combine high and uneven import tariffs with export promotion. Additionally, the role of supporting policies to assure the … success of trade liberalization is assessed. Important questions related to the sequencing of economic reform are discussed in …

This paper analyzes the relationship between trade policy and economic performance. The paper is divided in two … fundamental parts. The first one uses a cross country data set to investigate the relationship between trade policy and … factor productivity than countries with high trade barriers. In the second part the recent Latin American experiences with …

misalignment and overvaluation. The effects of terms of trade shocks on the equilibrium real exchange rate are also investigated …

-term real exchange rate variability; and more unstable external terms of trade also affected positively the degree of real …