Regional Trade Agreements Versus Board Liberalization: Which Path Leads to Faster Growth? Time-Series Evidence
Should a closed economy open its trade to all countries or limit itself to participation in regional trade agreements (RTAs)? Based on time-series evidence for a data set for 1950-92, this paper estimates and compares the growth performance of countries that liberalized broadly and those that joined...
Gespeichert in:
| 1. Verfasser: | |
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| Format: | Elektronisch E-Book |
| Sprache: | English |
| Veröffentlicht: |
Washington, D.C
International Monetary Fund
1998
|
| Schriftenreihe: | IMF Working Papers
Working Paper No. 98/40 |
| Online-Zugang: | UBW01 UEI01 LCO01 SBR01 UER01 SBG01 UBG01 FAN01 UBT01 FKE01 UBY01 UBA01 FLA01 UBM01 UPA01 UBR01 FHA01 FNU01 BSB01 TUM01 URL des Erstveröffentlichers |
| Zusammenfassung: | Should a closed economy open its trade to all countries or limit itself to participation in regional trade agreements (RTAs)? Based on time-series evidence for a data set for 1950-92, this paper estimates and compares the growth performance of countries that liberalized broadly and those that joined an RTA. The comparisons show that economies grew faster after broad liberalization, both in the short and long run, but slower after participation in an RTA. Economies also had higher investment shares after broad liberalization, but lower ones after joining an RTA. The policy implications support broad liberalization |
| Beschreibung: | 1 Online-Ressource (34 p) |
| ISBN: | 1451845944 9781451845945 |
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| spelling | Vamvakidis, Athanasios Verfasser aut Regional Trade Agreements Versus Board Liberalization Which Path Leads to Faster Growth? Time-Series Evidence Vamvakidis, Athanasios Washington, D.C International Monetary Fund 1998 1 Online-Ressource (34 p) txt rdacontent c rdamedia cr rdacarrier IMF Working Papers Working Paper No. 98/40 Should a closed economy open its trade to all countries or limit itself to participation in regional trade agreements (RTAs)? Based on time-series evidence for a data set for 1950-92, this paper estimates and compares the growth performance of countries that liberalized broadly and those that joined an RTA. The comparisons show that economies grew faster after broad liberalization, both in the short and long run, but slower after participation in an RTA. Economies also had higher investment shares after broad liberalization, but lower ones after joining an RTA. The policy implications support broad liberalization Online-Ausg http://elibrary.imf.org/view/IMF001/05650-9781451845945/05650-9781451845945/05650-9781451845945.xml Verlag URL des Erstveröffentlichers Volltext |
| spellingShingle | Vamvakidis, Athanasios Regional Trade Agreements Versus Board Liberalization Which Path Leads to Faster Growth? Time-Series Evidence |
| title | Regional Trade Agreements Versus Board Liberalization Which Path Leads to Faster Growth? Time-Series Evidence |
| title_auth | Regional Trade Agreements Versus Board Liberalization Which Path Leads to Faster Growth? Time-Series Evidence |
| title_exact_search | Regional Trade Agreements Versus Board Liberalization Which Path Leads to Faster Growth? Time-Series Evidence |
| title_exact_search_txtP | Regional Trade Agreements Versus Board Liberalization Which Path Leads to Faster Growth? Time-Series Evidence |
| title_full | Regional Trade Agreements Versus Board Liberalization Which Path Leads to Faster Growth? Time-Series Evidence Vamvakidis, Athanasios |
| title_fullStr | Regional Trade Agreements Versus Board Liberalization Which Path Leads to Faster Growth? Time-Series Evidence Vamvakidis, Athanasios |
| title_full_unstemmed | Regional Trade Agreements Versus Board Liberalization Which Path Leads to Faster Growth? Time-Series Evidence Vamvakidis, Athanasios |
| title_short | Regional Trade Agreements Versus Board Liberalization |
| title_sort | regional trade agreements versus board liberalization which path leads to faster growth time series evidence |
| title_sub | Which Path Leads to Faster Growth? Time-Series Evidence |
| url | http://elibrary.imf.org/view/IMF001/05650-9781451845945/05650-9781451845945/05650-9781451845945.xml |
| work_keys_str_mv | AT vamvakidisathanasios regionaltradeagreementsversusboardliberalizationwhichpathleadstofastergrowthtimeseriesevidence |