| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w11787 |
| 来源ID | Working Paper 11787 |
| Openness Can be Good for Growth: The Role of Policy Complementarities | |
| Roberto Chang; Linda Kaltani; Norman Loayza | |
| 发表日期 | 2005-11-21 |
| 出版年 | 2005 |
| 语种 | 英语 |
| 摘要 | This paper studies how the effect of trade openness on economic growth depends on complementary reforms that help a country take advantage of international competition. This issue is illustrated with a simple Harris-Todaro model where output gains after trade liberalization depend on the degree of labor market flexibility. In that model, trade protection may ameliorate the problem of underemployment (and underproduction) in sectors affected by labor market distortions; hence trade liberalization unambiguously increases per capita income only when labor markets are sufficiently flexible. We then present some panel evidence on how the growth effect of openness depends on a variety of structural characteristics. For this purpose, we use a non-linear growth regression specification that interacts a proxy of trade openness with proxies of educational investment, financial depth, inflation stabilization, public infrastructure, governance, labor-market flexibility, ease of firm entry, and ease of firm exit. We find that the growth effects of openness are positive and economically significant if certain complementary reforms are undertaken. |
| 主题 | Macroeconomics ; Fiscal Policy ; International Economics ; Trade ; International Macroeconomics ; Development and Growth ; Growth and Productivity |
| URL | https://www.nber.org/papers/w11787 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/569438 |
| 推荐引用方式 GB/T 7714 | Roberto Chang,Linda Kaltani,Norman Loayza. Openness Can be Good for Growth: The Role of Policy Complementarities. 2005. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w11787.pdf（339KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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