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Internal and external liberalisation for faster growth

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  • Giersch, Herbert

Abstract

This paper is an attempt to bring the two sides together. It will demonstrate, on the, one hand, - that internal and external liberalisation of trade in goods and services does substantially raise potential output and its growth path and - that it, therefore, pays to anticipate these gains in conceiving and conducting macro-economic policies. On the other hand, it will be argued that a macro-economic policy that is trade oriented and forward looking in this sense would allow trade negotiators and deregulators to deemphasise the direct losses of output and employment expected from removing restrictions and to anticipate a pull of demand that will facilitate the transfer of resources to alternative uses.

Suggested Citation

  • Giersch, Herbert, 1986. "Internal and external liberalisation for faster growth," Kiel Working Papers 275, Kiel Institute for the World Economy (IfW Kiel).
    • Handle: RePEc:zbw:ifwkwp:275
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    File URL: https://www.econstor.eu/bitstream/10419/46808/1/255238983.pdf
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    References listed on IDEAS

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    1. Anne O. Krueger, 1983. "Trade and Employment in Developing Countries, Volume 3: Synthesis and Conclusions," NBER Books, National Bureau of Economic Research, Inc, number krue83-1, March.
    2. Michaely, Michael, 1977. "Exports and growth : An empirical investigation," Journal of Development Economics, Elsevier, vol. 4(1), pages 49-53, February.
    3. Anne O. Krueger, 1978. "Foreign Trade Regimes and Economic Development: Liberalization Attempts and Consequences," NBER Books, National Bureau of Economic Research, Inc, number krue78-1, March.
    4. Donges, Juergen B., 1986. "Whither international trade policies? Worries about continuing protectionism," Kiel Discussion Papers 125, Kiel Institute for the World Economy (IfW Kiel).
    5. Heitger, Bernhard, 1986. "Import protection and export performance: Their impact on economic growth," Kiel Working Papers 260, Kiel Institute for the World Economy (IfW Kiel).
    6. Lal, Deepak & Rajapatirana, Sarath, 1987. "Foreign Trade Regimes and Economic Growth in Developing Countries," The World Bank Research Observer, World Bank, vol. 2(2), pages 189-217, July.
    7. MacKillop, Andrew, 1985. "Review of member states' energy policies : Publication COM (84) 88 final, Commission of the European Communities, Brussels, 1984, 175 pp, free," Energy Policy, Elsevier, vol. 13(1), pages 106-107, February.
    8. Bela Balassa & Carol Balassa, 1984. "Industrial Protection in the Developed Countries," The World Economy, Wiley Blackwell, vol. 7(2), pages 179-196, June.
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    Cited by:

    1. Lücke, Matthias, 1987. "Scale efficiency in the Brazilian motor vehicle industry: An international comparison," Kiel Working Papers 298, Kiel Institute for the World Economy (IfW Kiel).
    2. Kostrzewa, Wojciech Julian & Schmieding, Holger, 1989. "Die EFTA-Option für Osteuropa: Eine Chance zur wirtschaftlichen Reintegration des Kontinents," Kiel Discussion Papers 154, Kiel Institute for the World Economy (IfW Kiel).
    3. Juergen B. Donges, 1989. "The 1980s Economic Growth Weakness in Europe: Focusing on the Supply Side," The Economic Record, The Economic Society of Australia, vol. 65(2), pages 165-176, June.
    4. Weiss, Frank Dietmar & Heitger, Bernhard & Jüttemeier, Karl-Heinz & Kirkpatrick, Grant & Klepper, Gernot, 1988. "Trade policy in West Germany," Open Access Publications from Kiel Institute for the World Economy 374, Kiel Institute for the World Economy (IfW Kiel).
    5. Krämer, Hans R., 1987. "Rechtliche Aspekte und Probleme der Vollendung des EG-Binnenmarktes," Kiel Working Papers 310, Kiel Institute for the World Economy (IfW Kiel).

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