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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- Klaus W�lde & Christina Wood, 2004.
"The empirics of trade and growth: where are the policy recommendations?,"
European Economy - Economic Papers
204, Directorate General Economic and Monetary Affairs (DG ECFIN), European Commission.
- Klaus WÃ¤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.
- Wälde, 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, 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, Université catholique de Louvain, Institut de Recherches Economiques et Sociales (IRES).
- Mayer, Wolfgang, 1974. "Short-Run and Long-Run Equilibrium for a Small Open Economy," Journal of Political Economy, University of Chicago Press, vol. 82(5), pages 955-67, Sept./Oct.
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