Trade liberalization and economic growth in Central America

Juan Carlos Moreno Brid and Esteban Perez Caldentey
Authors registered in the RePEc Author Service: Juan Carlos Moreno-Brid ()

Revista CEPAL, 2003

Abstract: This article examines the long-run relationship between export performance and economic growth in three Central American countries from 1950 to 1999. Therefore, it excludes the recent years of slowdown in the world economy, 2000-2002. The cointegration analysis supports the view that the external sector has been a key determinant of these countries' long-run rate of economic growth. The article also suggests that the trade liberalization experiences seen since the mid-1980s have had very disparate impacts on these countries' long-run rates of economic growth. Lastly, the implications of these results for trade liberalization strategies and the possible impact of a United States-Central America Free Trade Agreement are examined.

Date: 2003-12
Note: Includes bibliography
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (12)

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Persistent link: https://EconPapers.repec.org/RePEc:ecr:col070:10992

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