Taylor, Alan M.; Estevadeordal, Antoni - National Bureau of Economic Research (NBER) - 2008
According to the Washington Consensus, developing countries? growth would benefit from a reduction in tariffs and other … these concerns -- by using a model-based analysis which highlights tariffs on capital and intermediate goods; by compiling … treatment, liberalizing tariffs on imported capital and intermediate goods, did lead to faster GDP growth, and by a margin …