Trade Policy, Exchange Rates and Growth

Sebastian Edwards

No 4511, NBER Working Papers from National Bureau of Economic Research, Inc

Abstract: This paper analyzes the relationship between trade policy and economic performance. The paper is divided in two fundamental parts. The first one uses a cross country data set to investigate the relationship between trade policy and productivity growth. It is found that countries that are more open to the rest of the world have experienced faster growth in total factor productivity than countries with high trade barriers. In the second part the recent Latin American experiences with trade liberalization reforms are investigated. It is shown that in the last few years the Latin American countries have gone from having one of the most distorted external sectors, to having very low degrees of protectionism. The extent of the liberalization efforts is documented and the effect on productivity and exports is investigated.

JEL-codes: F1 F13 (search for similar items in EconPapers)
Date: 1993-10
Note: ITI IFM
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (25)

Published as Reform, Recovery, and Growth: Latin America and the Middle East, Rudiger Dornbusch and Sebastian Edwards, eds., (Chicago: University of Chicago Press: 1995), pp. 13-49
Published as Edwards, Sebastian. "Trade Policy, Growth, And Income Distribution," American Economic Review, 1997, v87(2,May), 205-210.
Published as Trade Policy, Exchange Rates, and Growth , Sebastian Edwards. in Reform, Recovery, and Growth: Latin America and the Middle East , Dornbusch and Edwards. 1995

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