Market access, openness and growth
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Author
Contributions
- National Bureau of Economic Research. - Contributor
Publication
2007 - National Bureau of Economic Research, Cambridge, Mass, Massachusetts
Language
English
Word Count
4,250 words, Guess
Page Count
17 pages
Identifiers
- OCLC Control Number137223817
- Open LibraryOL17633740M
Description
This paper identifies a causal effect of openness to international trade on growth. It does so by using tariff barriers of the United States as instruments for the openness of developing countries. Trade liberalization by a large trading partner causes an expansion in the trade of other countries. Trade expansion induced by greater market access appears to cause a quantitatively large acceleration in the growth rates of developing countries. Eliminating existing developed world tariffs would increase developing country trade to GDP ratios by one third and growth rates by 0.6 to 1.6 percent per annum.
Subjects
Series Statement
- NBER working paper series -- no. 13048.
- Working paper series (National Bureau of Economic Research) -- working paper no. 13048.
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