International comparative analysis of economic growth

trade liberalization and productivity

Research output: Contribution to journalArticle

41 Citations (Scopus)

Abstract

Capital accumulation and productivity change are important in explaining the diversity of growth patterns among developing countries. The major element explaining the contrast in growth patterns between Asian and Latin American countries is the difference in productivity change. Differences in trade policy are an important factor in explaining the disparities in growth rates of developing countries. Trade policy can work positively or negatively on productivity through several routes. In this analysis, a model is used, which takes into consideration the productivity gap and macro policy instability as factors possibly influencing TFP-measured productivity. The model relies on an international macro pool database. Though export promotion policies certainly works positively for productivity, import substitution policies and liberalization of FDI can work positively or negatively depending on the country it is applied to as well as the stage of that country's development. -from Author

Original languageEnglish
Pages (from-to)373-397
Number of pages25
JournalDeveloping Economies
Volume32
Issue number4
Publication statusPublished - 1994
Externally publishedYes

Fingerprint

trade liberalization
liberalization
economic growth
productivity
trade policy
developing world
developing country
export promotion
import substitution
capital accumulation
import
analysis
Trade liberalization
Comparative analysis
Productivity
Economic growth
substitution
Developing countries
Trade policy
Productivity change

ASJC Scopus subject areas

  • Economics and Econometrics
  • Development

Cite this

International comparative analysis of economic growth : trade liberalization and productivity. / Kawai, Hiroki.

In: Developing Economies, Vol. 32, No. 4, 1994, p. 373-397.

Research output: Contribution to journalArticle

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