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Trade, specialization and growth: a preliminary assessment of the Brazilian experience in the nineties

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  • Gilberto A. Libânio

Abstract

Developing countries have experienced important changes regarding trade and capital account policies in the past two decades. External liberalization may have important long-term effects on macroeconomic variables such as growth rates, employment, and the like. This paper explores a particular aspect of the relation between trade liberalization and economic growth: it emphasizes the expected effects of openness on the patterns of trade specialization, and the consequent impacts in terms of growth in the long run. After presenting some of the main theoretical findings on the matter, a preliminary assessment of the Brazilian experience in the 1990s is also made, discussing the effects of trade liberalization on the composition of Brazilian exports.

Suggested Citation

  • Gilberto A. Libânio, 2003. "Trade, specialization and growth: a preliminary assessment of the Brazilian experience in the nineties," Textos para Discussão Cedeplar-UFMG td220, Cedeplar, Universidade Federal de Minas Gerais.
    • Handle: RePEc:cdp:texdis:td220
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    File URL: https://www.cedeplar.ufmg.br/pesquisas/td/TD%20220.pdf
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    References listed on IDEAS

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    1. Mario Cimoli & Nelson Correa, 2002. "Trade Openess and Technological Gaps in Latin America: a Low Growth Trap," LEM Papers Series 2002/14, Laboratory of Economics and Management (LEM), Sant'Anna School of Advanced Studies, Pisa, Italy.
    2. T. N. Srinivasan & Jagdish Bhagwati, 2001. "Outward-Orientation and Development: Are Revisionists Right?," Palgrave Macmillan Books, in: Deepak Lal & Richard H. Snape (ed.), Trade, Development and Political Economy, chapter 1, pages 3-26, Palgrave Macmillan.
    3. Canuto, Otaviano & Holland, Márcio & Xavier, Clésio, 1998. "Taxas de Câmbio, Elasticidades-renda e Saldo Comercial na Economia Brasileira," Revista Brasileira de Economia - RBE, EPGE Brazilian School of Economics and Finance - FGV EPGE (Brazil), vol. 52(2), April.
    4. repec:umd:umdeco:rodriguez9901 is not listed on IDEAS
    5. Alwyn Young, 1991. "Learning by Doing and the Dynamic Effects of International Trade," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 106(2), pages 369-405.
    6. Francisco Rodríguez & Dani Rodrik, 2001. "Trade Policy and Economic Growth: A Skeptic's Guide to the Cross-National Evidence," NBER Chapters, in: NBER Macroeconomics Annual 2000, Volume 15, pages 261-338, National Bureau of Economic Research, Inc.
    7. Alwyn Young, 1991. "Learning by Doing and the Dynamic Effects of International Trade," NBER Working Papers 3577, National Bureau of Economic Research, Inc.
    8. Anthony Philip Thirlwall, 1983. "Foreign trade elasticities in centre-periphery models of growth and development," Banca Nazionale del Lavoro Quarterly Review, Banca Nazionale del Lavoro, vol. 36(146), pages 249-261.
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    Cited by:

    1. Grigorovici, Corina, 2009. "Analysing The Degree Of Specialization In Romania’S Services Trade," Journal for Economic Forecasting, Institute for Economic Forecasting, vol. 6(1), pages 94-114, March.

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    More about this item

    Keywords

    trade liberalization; patterns of specialization; growth;
    All these keywords.

    JEL classification:

    • F14 - International Economics - - Trade - - - Empirical Studies of Trade
    • O11 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Macroeconomic Analyses of Economic Development
    • O24 - Economic Development, Innovation, Technological Change, and Growth - - Development Planning and Policy - - - Trade Policy; Factor Movement; Foreign Exchange Policy
    • O40 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - General

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