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Miracles and Debacles: In Defense of Trade Openness

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Author Info

  • Arvind Panagariya

    (Columbia)

Abstract

The paper argues that without trade openness, there is no sustained growth and that trade is rarely responsible for stagnation or decline in incomes over a long period.

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File URL: http://128.118.178.162/eps/it/papers/0403/0403002.pdf
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Bibliographic Info

Paper provided by EconWPA in its series International Trade with number 0403002.

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Length: 39 pages
Date of creation: 04 Mar 2004
Date of revision:
Handle: RePEc:wpa:wuwpit:0403002

Note: Type of Document - pdf; prepared on WinXP; pages: 39
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Web page: http://128.118.178.162

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References

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  1. Wacziarg, Romain & Welch, Karen Horn, 2003. "Trade Liberalization and Growth: New Evidence," Research Papers 1826, Stanford University, Graduate School of Business.
  2. 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.
  3. Westphal, Larry E, 1990. "Industrial Policy in an Export-Propelled Economy: Lessons from South Korea's Experience," Journal of Economic Perspectives, American Economic Association, vol. 4(3), pages 41-59, Summer.
  4. Pritchett, Lant, 1996. "Measuring outward orientation in LDCs: Can it be done?," Journal of Development Economics, Elsevier, vol. 49(2), pages 307-335, May.
  5. Jagdish N. Bhagwati & T. N. Srinivasan, 1975. "Foreign Trade Regimes and Economic Development: India," NBER Books, National Bureau of Economic Research, Inc, number bhag75-1, May.
  6. Jeffrey Sachs & Andrew Warner, 1995. "Economic Reform and the Progress of Global Integration," Harvard Institute of Economic Research Working Papers 1733, Harvard - Institute of Economic Research.
  7. repec:umd:umdeco:rodriguez9901 is not listed on IDEAS
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Citations

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Cited by:
  1. Monojit, Chatterji & Sushil, Mohan & Sayantan Ghosh, Dastidar, 2013. "Relationship between trade openness and economic growth of India: A time series analysis," SIRE Discussion Papers 2013-27, Scottish Institute for Research in Economics (SIRE).
  2. Panagariya, Arvind, 2009. "Miracles and debacles revisited," Journal of Policy Modeling, Elsevier, vol. 31(4), pages 556-572, July.
  3. Kym Anderson, 2005. "On the Virtues of Multilateral Trade Negotiations," Centre for International Economic Studies Working Papers 2005-15, University of Adelaide, Centre for International Economic Studies.
  4. Mishkin, Frederic S., 2009. "Globalization and financial development," Journal of Development Economics, Elsevier, vol. 89(2), pages 164-169, July.
  5. John Romalis, 2007. "Market Access, Openness and Growth," NBER Working Papers 13048, National Bureau of Economic Research, Inc.
  6. Purba Mukerji & Arvind Panagariya, 2011. "Cost of Protection: A Second Look at the Romer Variety Effect," Open Economies Review, Springer, vol. 22(3), pages 463-477, July.
  7. Khaing, Khaing Sape Saw, 2007. "Globalization and Change of Investment Environment in ASEAN," MPRA Paper 42003, University Library of Munich, Germany.
  8. Guillermo A. Calvo, 2008. "Crises in Emerging Markets Economies: A Global Perspective," Central Banking, Analysis, and Economic Policies Book Series, in: Kevin Cowan & Sebastián Edwards & Rodrigo O. Valdés & Norman Loayza (Series Editor) & Klaus Schmid (ed.), Current Account and External Financing, edition 1, volume 12, chapter 3, pages 085-115 Central Bank of Chile.
  9. Yongzheng Yang & Sanjeev Gupta, 2005. "Regional Trade Arrangements in Africa," IMF Working Papers 05/36, International Monetary Fund.
  10. Kym Anderson, 2004. "The challenge of Reducing Subsidies and Trade Barriers," Centre for International Economic Studies Working Papers 2004-12, University of Adelaide, Centre for International Economic Studies.

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