Franklin

The Impact of Trade Liberalizationon the Trade Balance in Developing Countries [electronic resource] Wu, Yi.

Author/Creator:
Wu, Yi.
Publication:
Washington, D.C. : International Monetary Fund, 2008.
Series:
IMF eLibrary
IMF Working Papers; Working Paper No. 08/14.
IMF Working Papers; Working Paper No. 08/14
Format/Description:
Government document
Book
1 online resource (19 p.)
Local subjects:
Average tariff.
Average tariff rate.
Average tariff rates.
Average trade.
Balance of payments.
Bilateral trade.
Bilateral trade data.
Developing countries.
Effects of trade liberalization.
Export growth.
Export market.
Export performance.
Foreign trade.
Global integration.
Impact of trade.
Impact of trade liberalization.
Import demand.
Import prices.
Intermediate inputs.
Measure of trade.
Multilateral initiatives.
Non-tariff barriers.
Nontariff barriers.
Partner countries.
Price elasticity.
Tariff barrier.
Tariff barriers.
Tariff change.
Tariff changes.
Tariff cut.
Tariff cuts.
Tariff data.
Tariff rate.
Tariff rates.
Tariff reduction.
Tariff reductions.
Tariff revenue.
Terms of trade.
Terms of trade improvement.
Terms of trade shocks.
Trade balance.
Trade barriers.
Trade data.
Trade deficit.
Trade imbalances.
Trade liberalisation.
Trade liberalization.
Trade policy reform.
Trade promotion.
Trade regime.
Trade regimes.
Trade share.
Trade shocks.
Trading partner.
Trading partners.
Cameroon.
Chile.
Guinea-Bissau.
Indonesia.
Mauritania.
Saint Lucia.
Sri Lanka.
Summary:
Using two recently constructed measures of trade liberalization dates, this research studies the impact of trade liberalization on imports, exports, and overall trade balance for a large sample of developing countries. We find strong and consistent evidence that trade liberalization leads to higher imports and exports. However, in contrast Santos-Paulino and Thirwall (2004) who find a robustly negative impact of trade liberalization on the overall trade balance, we only find mixed evidence of such a negative impact. In particular, we find little evidence of a statistically significant negative impact using our first measure of liberalization dates which extends Li (2004). Using a second measure of liberalization dates compiled by Wacziarg and Welch (2003), we find some evidence that liberalization worsens the trade balance, but the evidence is not robust across different estimation specifications, and the estimated impact is smaller than that reported by Santos-Paulino and Thirwall (2004).
Notes:
Description based on print version record.
Contributor:
Wu, Yi.
Zeng, Li.
Other format:
Print Version:
ISBN:
1451868766:
9781451868760
ISSN:
1018-5941
Publisher Number:
10.5089/9781451868760.001
Access Restriction:
Restricted for use by site license.
Loading...
Location Notes Your Loan Policy
Description Status Barcode Your Loan Policy