Combes, Jean-Louis; Saadi-Sedik, Tahsin - In: Journal of Development Studies 42 (2006) 8, pp. 1401-1416
This paper analyses the effects of trade openness on budget balances by distinguishing the effects of natural openness from those of trade policy. Revealed indicators of natural openness and trade policy are computed. Using GMM-system estimator, the econometric analysis focuses on 66 developing...