scholarly journals Trade Liberalization and Endogenous Growth in a Small Open Economy: A Quantitative Assessment

1999 ◽  
Author(s):  
David Tarr ◽  
Thomas Rutherford
Keyword(s):  
Trade Liberalization ◽  
Endogenous Growth ◽  
Open Economy ◽  
Quantitative Assessment ◽  
Small Open Economy

scholarly journals Does Meaningful Relationship Exist Between Trade Liberalization and Economic Growth? A Case Study of a Small Open Economy

2021 ◽  
pp. 63-79
Author(s):  
Adedapo Odebode ◽  
Olajide Sunday Oladipo
Keyword(s):  
Economic Growth ◽  
Trade Liberalization ◽  
Open Economy ◽  
Trade Openness ◽  
Small Open Economy ◽  
Jel Classification ◽  
Appropriate Technology ◽  
Vector Error Correction ◽  
Meaningful Relationship ◽  
Alternative Measures

Using quarterly data between 1981q1 and 2018q4, the paper investigates the relationship between trade liberalization and economic growth in Nigeria. Exploring Johnasen cointegration technique and the Vector Error Correction (VEC) method, the paper considers three alternative measures of trade liberalization to determine whether the response of economic growth to trade liberalization is sensitive to the choice of the indicators of trade liberalization under consideration. The paper finds significant effects of trade liberalization on the economy. The paper recommends that government should implement policies that will promote trade openness in Nigeria. This may be achieved by establishing bilateral and multi-lateral agreements that are favourable and that will support appropriate technology transfer to domestic producers. JEL classification numbers: F31, F13, F41. Keywords: Trade liberalization, Tariffs, Economic growth, Nigeria.

scholarly journals R&D and economic growth in Slovenia: A dynamic general equilibrium approach with endogenous growth

2011 ◽  
Vol 58 (1) ◽  
pp. 67-89 ◽  
Author(s):  
Miroslav Verbic ◽  
Boris Majcen ◽  
Olga Ivanova ◽  
Mitja Cok
Keyword(s):  
General Equilibrium ◽  
Endogenous Growth ◽  
Open Economy ◽  
Government Spending ◽  
Small Open Economy ◽  
Moderate Increase ◽  
Long Run ◽  
Tax Relief ◽  
Future Value ◽  
Policy Scenarios

In the article, we model R&D as a major endogenous growth element in a small open economy general equilibrium framework and consider several R&D policy scenarios for Slovenia. Increase of the share of sectoral investment in R&D that is deductible from the corporate income tax and increase of government spending on R&D turned out to be the most effective suggested policy measures. While the former policy measure is still followed in part by an undesired transfer of the tax relief to dividends, a moderate increase of government spending on R&D boosts long-run productivity in the economy, thus increasing the future value of firms, which is reflected in a desired dividend increase. The households that would gain more utility from such policy scenarios are those with more skilled and highly skilled labour, but not the very top earners in the economy.

Environmental Regulation, International Trade, and Informal Sector

2019 ◽  
pp. 80-106
Author(s):  
Tonmoy Chatterjee
Keyword(s):  
Trade Liberalization ◽  
Environmental Regulation ◽  
Informal Sector ◽  
Open Economy ◽  
Small Open Economy ◽  
Developing Nations ◽  
Export Sector ◽  
The World ◽  
Tannery Industry ◽  
National Welfare

This chapter deals with some contemporary issues related to trade and environment, which are mainly faced by the developing nations of the world. In this context, the present study has considered some facts and figures of Indian tannery industry for realization of the above-mentioned objective. In this chapter, an attempt has been made to analyze theoretically the effect of both environmental regulation and trade liberalization on the output of different sectors and also on the national welfare in a small open economy. To categorize this, the authors have presented a theoretical model based on the general equilibrium framework that mainly highlights a paradoxical result. Apart from this, the present research shows that the capital used specifically in advanced export sector is likely to affect the welfare positively, and the capital used by the rest of the economy is likely to affect the welfare adversely when usual export sector of the economy vanishes, and the opposite will occur when the pollution-intensive informal sector of the economy vanishes.

Sign in / Sign up

Export Citation Format

Share Document