Trade Liberalization and Income Equalization: A Long-Run Perspective
Dan Ben-David () and
No 275610, Foerder Institute for Economic Research Working Papers from Tel-Aviv University > Foerder Institute for Economic Research
An examination of the impact of trade reform on the behavior of income differentials among countries provides the setting for the utilization of an income convergence test that differs from the conventional cross-country regressions. The existence, or non-existence, of convergence involves joint estimation of augmented Dickey-Fuller type equations using seemingly unrelated regression (SUR) techniques. Monte Carlo simulations are used to calculate the critical values which are in turn used to determine the significance of convergence. The findings here provide support for a link between trade liberalization and income convergence.
Keywords: Financial Economics; International Relations/Trade (search for similar items in EconPapers)
References: View references in EconPapers View complete reference list from CitEc
Citations: Track citations by RSS feed
Downloads: (external link)
Working Paper: Trade Liberalization and Income Equalization: A Long-Run Perspective (1995)
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:ags:isfiwp:275610
Access Statistics for this paper
More papers in Foerder Institute for Economic Research Working Papers from Tel-Aviv University > Foerder Institute for Economic Research Contact information at EDIRC.
Bibliographic data for series maintained by AgEcon Search ().