Trade Distortion And Growth

Author : Jong-Wha Lee
Publisher : International Monetary Fund
ISBN 13 : 1451851332
Total Pages : 42 pages
Book Rating : 4.35/5 ( download)

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Download or read book International Trade, Distortions and Long-Run Economic Growth written by Jong-Wha Lee and published by International Monetary Fund. This book was released on 1992-11-01 with total page 42 pages. Available in PDF, EPUB and Kindle. Book excerpt: The links between trade and growth are examined in a neoclassical model of an open economy in which domestic production requires both domestic and imported inputs. The model shows that trade distortions induced by such government policies as tariffs and exchange controls generate cross-country divergences in growth rates and in per capita income over a long transitional period. The empirical results confirm that tariff rates and black market premia, interacting with an estimate of the share of free trade imports, have significant negative effects on the growth rate of per capita income across countries in the orders of magnitude predicted by the model.

Author : Dilip Kumar Ghosh
Publisher :
ISBN 13 :
Total Pages : 241 pages
Book Rating : 4.42/5 ( download)

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Download or read book Trade, Distortion and Growth written by Dilip Kumar Ghosh and published by . This book was released on 1984 with total page 241 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Author :
Publisher : Concept Publishing Company
ISBN 13 :
Total Pages : 260 pages
Book Rating : 4./5 ( download)

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Download or read book Trade, Distortion and Growth written by and published by Concept Publishing Company. This book was released on with total page 260 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Author : Jong-Wha Lee
Publisher :
ISBN 13 :
Total Pages : 298 pages
Book Rating : 4.81/5 ( download)

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Download or read book Trade, Distortion and Growth written by Jong-Wha Lee and published by . This book was released on 1992 with total page 298 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Author : Chong-hwa Yi
Publisher :
ISBN 13 :
Total Pages : 48 pages
Book Rating : 4.63/5 ( download)

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Download or read book International Trade, Distortions and Long-run Economic Growth written by Chong-hwa Yi and published by . This book was released on 1992 with total page 48 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Author : Cristina Constantinescu
Publisher : International Monetary Fund
ISBN 13 : 1498399134
Total Pages : 44 pages
Book Rating : 4.35/5 ( download)

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Download or read book The Global Trade Slowdown written by Cristina Constantinescu and published by International Monetary Fund. This book was released on 2015-01-21 with total page 44 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper focuses on the sluggish growth of world trade relative to income growth in recent years. The analysis uses an empirical strategy based on an error correction model to assess whether the global trade slowdown is structural or cyclical. An estimate of the relationship between trade and income in the past four decades reveals that the long-term trade elasticity rose sharply in the 1990s, but declined significantly in the 2000s even before the global financial crisis. These results suggest that trade is growing slowly not only because of slow growth of Gross Domestic Product (GDP), but also because of a structural change in the trade-GDP relationship in recent years. The available evidence suggests that the explanation may lie in the slowing pace of international vertical specialization rather than increasing protection or the changing composition of trade and GDP.

Author : Anne O. Krueger
Publisher :
ISBN 13 :
Total Pages : 60 pages
Book Rating : 4.20/5 ( download)

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Download or read book Growth, Distortions, and Patterns of Trade Among Many Countries written by Anne O. Krueger and published by . This book was released on 1977 with total page 60 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Author : Kwabena Gyimah-Brempong
Publisher :
ISBN 13 :
Total Pages : 16 pages
Book Rating : 4.25/5 ( download)

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Download or read book Trade Distortion and Economic Growth in Sub-Saharan Africa written by Kwabena Gyimah-Brempong and published by . This book was released on 1996 with total page 16 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Author : Sebastian Edwards
Publisher :
ISBN 13 :
Total Pages : 100 pages
Book Rating : 4.20/5 ( download)

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Download or read book Trade Orientation, Distortions and Growth in Developing Countries written by Sebastian Edwards and published by . This book was released on 1991 with total page 100 pages. Available in PDF, EPUB and Kindle. Book excerpt: In this paper I use a cross country data set to analyze the relationship between trade orientation, trade distortions and growth. I first develop a simple endogenous growth model that emphasizes the process of technological absorption in small developing countries. According to this model countries that liberalize their international trade and become more open will tend to grow faster. Whether this higher growth is permanent, or only a short run result, will depend on the relative size of some key parameters. using nine alternative indicators of trade orientation I find out that the data supports the view that more open economies tend to grow faster than economies with trade distortions. The results are robust to the method of estimation, to correction for errors in variables and for the deletion of outliers. I finally argue that future research in the area should move towards the empirical investigation of the microeconomics of technological innovations and growth.

Author : Mr.James H Cassing
Publisher : INTERNATIONAL MONETARY FUND
ISBN 13 : 9781451860313
Total Pages : 32 pages
Book Rating : 4.15/5 ( download)

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Download or read book Trade and Growth in the Presence of Distortions written by Mr.James H Cassing and published by INTERNATIONAL MONETARY FUND. This book was released on 2005-01-01 with total page 32 pages. Available in PDF, EPUB and Kindle. Book excerpt: Tariffs and other policy distortions typically lower real national income relative to what it otherwise would have been for any given rate of factor accumulation. Even while lowering real income, however, policy distortions may raise an economy's real measured growth rate and so, somewhat deceivingly, give the impression that national welfare has benefited from things like tariff protection. This would be an incorrect conclusion. This paper discusses the issue of how protection can affect the rate of growth for a small, open economy. As shown by Johnson (1970), in the presence of exogenously given factor accumulation, tariffs either raise or lower an economy's growth rate (measured by the change in the value of output at world prices), relative to the no-distortion growth rate. We also discuss the relevance of this result for tariff uniformity, "tariff jumping" foreign direct investment, and the empirical literature on trade and growth. Finally we use a numerical simulation model of Egypt to assess whether the costs of its tax distortions have increased or declined over time.