期刊
JOURNAL OF DEVELOPMENT ECONOMICS
卷 67, 期 1, 页码 229-244出版社
ELSEVIER
DOI: 10.1016/S0304-3878(01)00185-7
关键词
trade liberalisation; growth
类别
Trade liberalisation in developing countries over the last 20 years has often been implemented with the expectation of growth being stimulated; yet the evidence on its growth enhancing effects is mixed. This paper argues that problems with mis-specification and the diversity of liberalisation indices used are in part responsible for the inconclusiveness. Using a dynamic panel framework and three different indicators of liberalisation, the paper finds that liberalisation does appear to impact upon growth, albeit with a lag. The evidence points to a J curve type response and this finding is robust to changes in specification, sample size and data period, (C) 2002 Elsevier Science B.V. All rights reserved.
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