IDEAS home Printed from https://ideas.repec.org/p/chb/bcchwp/284.html
   My bibliography  Save this paper

Preferential Trading Arrangements, Trade, and Growth

Author

Listed:
  • Arvind Panagariya

Abstract

The natural starting point in the study of the relationship among PTAs, trade, and growth is the link between growth and trade. If this relationship itself is weak, it is unlikely that we can establish a strong link between PTAs and growth since such link must work principally through trade. Until recently, trade economists had thought that their systematic research during the 1970s and 1980s had conclusively established the positive relationship between trade and growth. But the criticisms of the evidence by free-trade critics such as Joseph Stiglitz and Dani Rodrik and continued attack on the wisdom of trade liberalization by others including influential NGOs have made it essential to restate and defend this link explicitly. Once this is done, we can turn to an assessment of whether PTAs, which form a specific form of trade liberalization, promote trade in ways that is conducive to growth. Or, is there something peculiar about this instrument that renders the beneficial effects of trade liberalization ineffective?

Suggested Citation

  • Arvind Panagariya, 2004. "Preferential Trading Arrangements, Trade, and Growth," Working Papers Central Bank of Chile 284, Central Bank of Chile.
  • Handle: RePEc:chb:bcchwp:284
    as

    Download full text from publisher

    File URL: http://si2.bcentral.cl/public/pdf/documentos-trabajo/pdf/dtbc284.pdf
    Download Restriction: no

    More about this item

    NEP fields

    This paper has been announced in the following NEP Reports:

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:chb:bcchwp:284. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Claudio Sepulveda). General contact details of provider: http://edirc.repec.org/data/bccgvcl.html .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.