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The effect of World Bank trade adjustment assistance on trade and growth, 1987–2004: Is the glass half full or half empty?

Listed author(s):
  • Jinjarak, Yothin
  • Salinas, Gonzalo
  • Tsikata, Yvonne M.

This paper studies the association between trade reform, growth, and trade adjustment assistance in a sample of developing countries that underwent trade reforms during 1987–2004. Our analysis explicitly differentiates between a group of countries that received trade adjustment loans from the World Bank and a non-recipient group. The results suggest that trade adjustment assistance is positively associated with economic growth after trade reform in the medium to long run. In comparison to a pre-reform period and to the non-recipient group, the recipient countries registered 0.2 percent higher growth of real GDP per capita, 5.0 percent higher import growth, and 2.5 percent higher export growth over a period of three to five years after trade reform.

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File URL: http://www.sciencedirect.com/science/article/pii/S093936251300054X
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Article provided by Elsevier in its journal Economic Systems.

Volume (Year): 37 (2013)
Issue (Month): 3 ()
Pages: 415-430

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Handle: RePEc:eee:ecosys:v:37:y:2013:i:3:p:415-430
DOI: 10.1016/j.ecosys.2013.05.004
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