The Impact of Trade Liberalisation on Economic Growth: Evidence from a Quantile Regression Analysis
Abstract
Individual country experience with trade liberalisation has been mixed. This paper examines the relationship between liberalisation and growth for a sample of 75 liberalising countries. To consider the importance of heterogeneity in the growth response to liberalisation this paper employs quantile regression methods which allow the coefficient on liberalisation to vary across the conditional growth distribution. The results suggest that countries experiencing the lowest rates of growth benefit most from liberalisation. The results also suggest that while such countries benefit most in the long-run they are the most likely to suffer from short-run negative effects of liberalisation. Copyright 2008 The Authors. Journal compilation 2008 Blackwell Publishing Ltd.Download Info
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Bibliographic Info
Article provided by Wiley Blackwell in its journal Kyklos.
Volume (Year): 61 (2008)
Issue (Month): 4 (November)
Pages: 543-567
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Web page: http://www.blackwellpublishing.com/journal.asp?ref=0023-5962
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Citations
Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.Cited by:
- Jesus Crespo-Cuaresma & Neil Foster & Robert Stehrer, 2009. "The Determinants of Regional Economic Growth by Quantile," wiiw Working Papers 54, The Vienna Institute for International Economic Studies, wiiw.
- Potrafke, Niklas, 2009.
"Political cycles and economic performance in OECD countries: empirical evidence from 1951-2006,"
MPRA Paper
23751, University Library of Munich, Germany.
- Niklas Potrafke, 2012. "Political cycles and economic performance in OECD countries: empirical evidence from 1951–2006," Public Choice, Springer, vol. 150(1), pages 155-179, January.
- Ulaşan, Bülent, 2012. "Openness to international trade and economic growth: A cross-country empirical investigation," Economics Discussion Papers 2012-25, Kiel Institute for the World Economy.
- François Facchini & Mickaël Melki, 2012.
"Political Ideology and Economic Growth in a Democracy : The French Experience, 1871 - 2009,"
Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers)
halshs-00662838, HAL.
- François Facchini & Mickaël Melki, 2012. "Political Ideology and Economic Growth in a Democracy : The French Experience, 1871 - 2009," Documents de travail du Centre d'Economie de la Sorbonne 12003, Université Panthéon-Sorbonne (Paris 1), Centre d'Economie de la Sorbonne.
- Muhammad, Shahbaz, 2012.
"Does Trade Openness Affect Long Run Growth? Cointegration, Causality and Forecast Error Variance Decomposition Tests for Pakistan,"
MPRA Paper
37391, University Library of Munich, Germany, revised 10 Mar 2012.
- Shahbaz, Muhammad, 2012. "Does trade openness affect long run growth? Cointegration, causality and forecast error variance decomposition tests for Pakistan," Economic Modelling, Elsevier, vol. 29(6), pages 2325-2339.
- Hollweg, Claire H. & Lederman, Daniel & Reyes, Jose-Daniel, 2012. "Monitoring export vulnerability to changes in growth rates of major global markets," Policy Research Working Paper Series 6266, The World Bank.
- Marta Simões & João Sousa Andrade & Adelaide Duarte, 2012. "Convergence and Growth: Portugal in the EU 1986-2010," GEMF Working Papers 2012-13, GEMF - Faculdade de Economia, Universidade de Coimbra.
- Stojkov, Aleksandar & Zalduendo, Juan, 2011. "Europe as a convergence engine -- heterogeneity and investment opportunities in emerging Europe," Policy Research Working Paper Series 5837, The World Bank.
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