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Trade Openness And Economic Growth In Latin American Countries

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Author Info
RAJAGOPAL ()

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Abstract

In the pre-reforms period the trade policy in Latin America had involved very high levels of protection and government intervention. The recent trade liberalization policies of the Latin American countries have sought to reverse the protectionist policies and open the scope for foreign direct investment and joint ventures in the public and private sector industries. This paper discusses the impact of trade openness policy on tariff structure, export competitiveness, inflation and economic growth of Latin American countries. The relationship between the trade openness and general price level as an indicator of inflation and robustness of this relationship has been explored in the study.

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File URL: http://www.usc.es/~economet/journals/eedi/eedi714.pdf
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Publisher Info
Article provided by Euro-American Association of Economic Development in its journal Estudios Economicos de Desarrollo Internacional.

Volume (Year): 7 (2007)
Issue (Month): 1 ()
Pages: 75-102
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Handle: RePEc:eaa:eedein:v:7:y2007:i:7_4

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Related research
Keywords: Trade openness export competitiveness institutional reforms economic growth trade blocs trade agreements neo-regionalism inflationary trend foreign investment and economic welfare

Find related papers by JEL classification:
C21 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Cross-Sectional Models; Spatial Models; Treatment Effect Models
C33 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables - - - Models with Panel Data
C51 - Mathematical and Quantitative Methods - - Econometric Modeling - - - Model Construction and Estimation
E31 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Price Level; Inflation; Deflation
F13 - International Economics - - Trade - - - Trade Policy; International Trade Organizations
F - International Economics
F43 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Economic Growth of Open Economies

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This page was last updated on 2008-9-5.

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