| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP1367 |
| DP1367 A Macro Theory of Employment Vouchers | |
| Dennis Snower; Mike Orszag | |
| 发表日期 | 1996-03-31 |
| 出版年 | 1996 |
| 语种 | 英语 |
| 摘要 | Many studies have found a positive correlation between trade and growth, but do not attempt to identify the economic mechanisms involved. This paper attempts to identify one of the mechanisms linking trade and growth. In particular, we present a novel theoretical model that establishes a link between trade liberalization and investment-led growth. Estimating equations are derived from the model and estimated with three-stage least squares on a cross-country data sample. We find that domestic protection depresses investment and thereby slows growth. Foreign trade barriers also lower domestic investment, but the anti-investment effect is weaker and is less robust to sample and specification changes. |
| 主题 | International Trade and Regional Economics |
| 关键词 | Lnvestment-led growth Trade and growth |
| URL | https://cepr.org/publications/dp1367 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/530509 |
| 推荐引用方式 GB/T 7714 | Dennis Snower,Mike Orszag. DP1367 A Macro Theory of Employment Vouchers. 1996. |
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