Baltzer, Markus; Baten, Jörg - In: Economics & Human Biology 6 (2008) 2, pp. 191-203
Which variables determine whether a country chooses an open or protected market? It has been argued that economic downturn leads to a higher propensity for protectionism. We find for seven Latin American countries in the second half of the 20th century that declining GDP motivated the opening...