Does trade cause growth? A policy perspective
AbstractSeveral empirical papers have shown that international trade has a positive causal effect on a country's GDP or growth rate. A common conclusion from these results is that a free trade policy will increase a country's GDP. This comment does not dispute the empirical findings per se but questions this conclusion. An example is provided that shows that it is not obvious which policy recommendations can be supported by these empirical findings. --
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Bibliographic InfoPaper provided by Dresden University of Technology, Faculty of Business and Economics, Department of Economics in its series Dresden Discussion Paper Series in Economics with number 10/00.
Date of creation: 2000
Date of revision:
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- Brecher, Richard A, 1974. "Minimum Wage Rates and the Pure Theory of International Trade," The Quarterly Journal of Economics, MIT Press, MIT Press, vol. 88(1), pages 98-116, February.
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- WÃ¤lde, Klaus & Wood, Christina, 2000.
"The empirics of trade and growth: Where are the policy recommendations?,"
Dresden Discussion Paper Series in Economics
09/00, Dresden University of Technology, Faculty of Business and Economics, Department of Economics.
- Klaus WÃƒÂ¤lde & Christina Wood, 2004. "The empirics of trade and growth: where are the policy recommendations?," International Economics and Economic Policy, Springer, vol. 1(2), pages 275-292, January.
- Klaus, WAELDE & Christina, WOOD, 2004. "The Empirics of Trade and Growth : Where are the Policy Recommendations ?," Discussion Papers (IRES - Institut de Recherches Economiques et Sociales) 2004013, UniversitÃ© catholique de Louvain, Institut de Recherches Economiques et Sociales (IRES).
- Klaus Wï¿½lde & Christina Wood, 2004. "The empirics of trade and growth: where are the policy recommendations?," European Economy - Economic Papers, Directorate General Economic and Monetary Affairs (DG ECFIN), European Commission 204, Directorate General Economic and Monetary Affairs (DG ECFIN), European Commission.
- Jong-Wha Lee, 1992.
"International Trade, Distortions and Long-Run Economic Growth,"
IMF Working Papers
92/90, International Monetary Fund.
- Jong-Wha Lee, 1993. "International Trade, Distortions, and Long-Run Economic Growth," IMF Staff Papers, Palgrave Macmillan, vol. 40(2), pages 299-328, June.
- Mayer, Wolfgang, 1974. "Short-Run and Long-Run Equilibrium for a Small Open Economy," Journal of Political Economy, University of Chicago Press, University of Chicago Press, vol. 82(5), pages 955-67, Sept./Oct.
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