scholarly journals Trade liberalization and economic growth in Central America

CEPAL Review ◽  
2003 ◽  
Vol 2003 (81) ◽  
pp. 151-168 ◽  
Author(s):  
Juan Carlos Moreno-Brid ◽  
Esteban Perez
Keyword(s):  
Economic Growth ◽  
Trade Liberalization ◽  
Central America

Intra-Regional vs. Extra-Regional Trade Liberalization in Central America

2018 ◽  
Vol 55 (8) ◽  
pp. 1880-1892
Author(s):  
Adolfo Cristóbal Campoamor ◽  
Manuel Alejandro Cardenete Flores ◽  
Pedro Caldentey Del Pozo ◽  
Olexandr Nekhay
Keyword(s):  
Trade Liberalization ◽  
Central America ◽  
Regional Trade

scholarly journals CRECIMIENTO ECONÓMICO Y DESIGUALDAD EN ASIA, EUROPA Y AMÉRICA LATINA, 1990-2019

2020 ◽  
Vol 80 (315) ◽  
pp. 59
Author(s):  
Verónica Cerezo García ◽  
Heri Oscar Landa Díaz
Keyword(s):  
Economic Growth ◽  
Latin America ◽  
Income Distribution ◽  
Trade Liberalization ◽  
Latin American ◽  
Free Market ◽  
Exogenous Shock ◽  
America Latina ◽  
The Relationship ◽  
Sample Set

<p>El objetivo de este trabajo es analizar el efecto de la liberalización comercial sobre la productividad, la distribución del ingreso y el crecimiento económico, además de examinar la capacidad de absorción que este proceso ha concedido a los países ante choques externos, como el Covid-19. Empíricamente, tomamos pie en la taxonomía de crecimiento y desigualdad de Fajnzylber (1990) y en un modelo panel para evaluar esta relación en Asia, América Latina y Europa durante el periodo 1990-2019. Los principales resultados muestran: 1) co-movimiento entre crecimiento y equidad en Asia, mientras que en América Latina hay rezagos significativos, y 2) la productividad y la competitividad no precio constituyen el factor dinamizante en Asia y Europa.</p><p align="center"><strong> </strong></p><p align="center">ECONOMIC GROWTH AND INEQUALITY IN ASIA, EUROPE, AND LATIN AMERICA, 1990-2019</p><p align="center"><strong>ABSTRACT</strong></p><p>The paper’s aim is to analyse the effect of trade liberalization on productivity, income distribution and economic growth. The ability of a free-market oriented economy to fence off an exogenous shock such as the Covid-19 pandemic is also dealt with. Following Fajnzylber’s (1990) taxonomy of growth and inequality, we assess the relationship between trade liberalisation, growth and income distribution for a sample set of Asian, Latin American, and European countries over the period 1990-2019. Our main empirical results show that there exist: 1) a co-movement between growth and equality in Asia, but significant lags in both respects prevail in Latin America; 2) productivity and non-price competitiveness are the dynamizing factors in both Asia and Europe</p>

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 The Revival of Protectionism in the Modern World: Case Study of Uzbekistan

2020 ◽  
pp. 17-23
Author(s):  
Regina Gaynulina
Keyword(s):  
Economic Growth ◽  
Trade Liberalization ◽  
Adam Smith ◽  
Research Work ◽  
Developed Countries ◽  
Geographic Region ◽  
Modern World ◽  
Government Interventions ◽  
Wealth Of Nations

Since the publication of The Wealth of Nations by Adam Smith, in which market-based economy free from government interventions was systematically defended, economics and philosophy have mostly parted ways, culminating in a clear distinction between how most economists and philosophers view the global economic order. Although it is now clear that trade liberalization, unlike protectionism, paves the way for economic development, many still argue that the countries are better off implementing protectionist measures. Even the developed countries today seem to slowly return protectionist policies, while the developing ones commonly employ them fully. In this research work, the author will analyze the recent trends in trade policymaking as well as conduct a case study of Uzbekistan to see what impact the decades of protectionism and recent trade-liberalization reforms made on the country’s economic growth. The aim of the work is to identify and reveal the features of new protectionism in the context of globalization of the world economy and the related contradictions and to provide recommendations for Uzbek authorities based on the empirical findings. There is a very limited number of researches made in the field of trade policy in Uzbekistan, therefore this work will contribute to both Uzbekistan and global scientific societies, as the case study can be used to improve the current situation in the country, as well as it can be applied to the countries of a similar economic background (precisely present at the same geographic region) for the same purposes. The hypothesis proposed for this research is: When the country implements high protectionist measures it faces lack of money inflow, which consequently leads to a slow-down in economic growth.

Trade Liberalization, Foreign Direct Investment Inflows, Environmental Quality and Economic Growth Nexus: A Comparative Analysis of Pakistan and China

2019 ◽  
Vol 2 (1) ◽  
pp. 17-26
Author(s):  
Sumaira Alvi ◽  
Imran Sharif Chaudhry ◽  
Fatima Farooq ◽  
Noreen Safdar
Keyword(s):  
Economic Growth ◽  
Foreign Direct Investment ◽  
Trade Liberalization ◽  
Environmental Quality ◽  
Direct Investment ◽  
Negative Impact ◽  
Positive Impact ◽  
Secondary Data ◽  
Bounds Testing ◽  
Foreign Direct Investment Inflows

The present research endeavors to evaluate whether trade liberalization, foreign direct investment inflows and environmental quality affect the economic growth in Pakistan and China. These have crucial role in the economies and pragmatic for formulating economic growth policies. The secondary data is used for all the variables. The ARDL bounds testing approach to cointegration is applied to evaluate the determinants included in the model for both countries. The results of the research conclude that trade liberalization and foreign direct investment both have positive impact on economic growth while environmental pollution has negative impact on economic growth in long-run.

Trade Liberalization and Welfare Distribution in Central America

2011 ◽  
pp. 345-373
Author(s):  
Maurizio Bussolo ◽  
Samuel Freije ◽  
Calvin Z. Djiofack ◽  
Melissa Rodríguez
Keyword(s):  
Trade Liberalization ◽  
Central America ◽  
Welfare Distribution
Sign in / Sign up

Export Citation Format

Share Document