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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

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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.

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Bibliographic Info

Paper provided by Cedeplar, Universidade Federal de Minas Gerais in its series Textos para Discussão Cedeplar-UFMG with number td220.

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Length: 21 pages
Date of creation: Sep 2003
Date of revision:
Handle: RePEc:cdp:texdis:td220

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Keywords: trade liberalization; patterns of specialization; growth;

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  1. Alwyn Young, 1991. "Learning by Doing and the Dynamic Effects of International Trade," NBER Working Papers 3577, National Bureau of Economic Research, Inc.
  2. Srinivasan, T.N. & Bhagwati, J., 1999. "Outward-Orientation and Development: Are Revisionist Right?," Papers, Yale - Economic Growth Center 806, Yale - Economic Growth Center.
  3. Otaviano Canuto & Márcio Holland & Clésio Xavier, 1998. "Taxas de Câmbio, Elasticidades-renda e Saldo Comercial na Economia Brasileira," Revista Brasileira de Economia, FGV/EPGE Escola Brasileira de Economia e Finanças, Getulio Vargas Foundation (Brazil), vol. 52(2), pages 323-334, April.
  4. Mario Cimoli & Nelson Correa, 2002. "Trade Openess and Technological Gaps in Latin America: a Low Growth Trap," LEM Papers Series, Laboratory of Economics and Management (LEM), Sant'Anna School of Advanced Studies, Pisa, Italy 2002/14, Laboratory of Economics and Management (LEM), Sant'Anna School of Advanced Studies, Pisa, Italy.
  5. 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, Banca Nazionale del Lavoro, vol. 36(146), pages 249-261.
  6. Young, Alwyn, 1991. "Learning by Doing and the Dynamic Effects of International Trade," The Quarterly Journal of Economics, MIT Press, MIT Press, vol. 106(2), pages 369-405, May.
  7. Francisco Rodriguez & Dani Rodrik, 1999. "Trade Policy and Economic Growth: A Skeptic's Guide to Cross-National Evidence," NBER Working Papers 7081, National Bureau of Economic Research, Inc.
  8. T. N. Srinivasan & Jagdish Bhagwati, 1999. "Outward-Orientation and Development: Are Revisionists Right," Working Papers, Economic Growth Center, Yale University 806, Economic Growth Center, Yale University.
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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, Institute for Economic Forecasting, vol. 6(1), pages 94-114, March.

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