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Do trade reforms that significantly reduce import barriers lead to faster economic growth? In the two decades since the … examines three strands of recent work on this issue: cross-country regressions focusing on within-country growth, synthetic … positive impact on economic growth, on average, although the effect differs across countries. Overall, these research findings …
Persistent link: https://www.econbiz.de/10012867590
Global trade imbalances narrowed in the aftermath of the global financial crisis. They have remained at a lower level but are still of concern to policy makers because of the risks they pose to individual economies, as well as globally. However, the ultimate causes of these imbalances are not...
Persistent link: https://www.econbiz.de/10011914188
The relationships between trade and growth have long been a subject of considerable controversy among economists. In … the early post-World War II period, many economic leaders concluded that protective trade policies stimulated growth, and …-oriented policies were widely adopted. While subsequent cross-country studies have generally indicated the growth effectiveness of …
Persistent link: https://www.econbiz.de/10012445357
We study, theoretically and empirically, how countries choose intra-bloc tariffs and preferential margins when they form Preferential Trade Agreements (PTAs). Our model indicates that countries should set systematically lower preferential margins when the bloc takes the form of a free trade area...
Persistent link: https://www.econbiz.de/10012603023
shift from OECD to non-OECD regions, reflecting faster growth in these countries. Multilateral global trade liberalisation …
Persistent link: https://www.econbiz.de/10010375298
propelling these economies to miracle-level growth. Just as Bastiat observed, the case made by free trade critics in favor of …
Persistent link: https://www.econbiz.de/10012846238
countries with respect to trade and the balance of payments, economic growth, poverty reduction, the distribution of income …
Persistent link: https://www.econbiz.de/10014158967
This Working Paper contains some observations concerning the evolution of trade and trade-related policies in the Asia-Pacific region since the establishment in 1989 of the Trade Policy Review Mechanism (TPRM), whose goal is to improve the transparency of these policies. It also draws some...
Persistent link: https://www.econbiz.de/10009303992
those in other regions in achieving sustained fast growth, and thereby raising living standards and reducing poverty. This … with heavy reliance on growth of manufactured exports, high rates of national saving to finance high rates of domestic … committed, capable and credible governments). However, this development strategy has left growth very heavily dependent on …
Persistent link: https://www.econbiz.de/10014177385
The 30 years of reform and opening have brought great material progress to China. By becoming a big country, China’s actions created huge spillovers on other countries. The result has been a rise in trade tension between China and its trade partners. Recently, some have claimed that China’s...
Persistent link: https://www.econbiz.de/10014045824