Thispaper applies the balance of payments constrained growth model to seventeen countries of Latin America over the period 1977-2002. The crucial parameter to estimate is the income elasticity of demand for imports which is done for Latin America as a whole, as well as for individual countries....

The broad purpose of trade liberalisation is to raise the rate of growth of countries on a sustainable basis, consistent with the achievement of other macroeconomic objectives. In this paper we consider whether trade liberalisation in seventeen countries of Latin America has improved the...

This paper analyses the impact of the reduction of tariff and non-tariff barriers on the trade balance and the current account of the balance of payments of 22 selected developing countries from Africa, Latin America, East Asia, and South Asia. The study presents estimates of dynamic panel data...

This paper examines the process of trade liberalisation in Mexico, particularly since the mid-1980s and the signing of the NAFTA agreement, and its impact on economic performance. The average growth of GDP of the Mexican economy since liberalisation has been only one-half the rate...

This paper analyses the impact of the reduction of tariff and non-tariff barriers on the imports of selected developing countries, utilising dynamic panel data techniques. Domestic income and relative prices are found to be significant determinants of import growth. Additionally, the results...

This paper examines the impact of trade liberalisation on export growth for a sample of developing economies using the export demand function approach. The research applies dynamic panel data models based on fixed-effects and generalised methods of moments (GMM) estimators. In addition,...

This paper constructs a picture of the labour market impact of trade liberalisation in Brazil. We examine the level and dispersion of wages, the skilled wage premium, and employment composition before and after trade liberalisation. After trade reform, there was a rise in the returns to college...

This report presents descriptive evidence of specialisation trends and investigates empirically their causes and consequences, analysing the role of policies in this process. Then, based on the insights from the backward looking analysis, it draws global trade and specialisation scenarios up to...

This paper presents long-term trade scenarios for the world economy up to 2060 based on a modelling approach that combines aggregate growth projections for the world with a detailed computable general equilibrium sectoral trade model. The analysis suggests that over the next 50 years, the...