Author: Mona HaddadPublisher:
ISBN:
Category : Industrial productivity
Languages : en
Pages : 498
Book Description
The Effect of Trade Liberalization on Multi-factor Productivity
Author: Mona HaddadPublisher:
ISBN:
Category : Industrial productivity
Languages : en
Pages : 498
Book Description
The Effect of Trade Liberalization on Multi-factor Productivity
Author: Muná HạddādReassessing the Productivity Gains from Trade Liberalization
Author: Mr.JaeBin AhnPublisher: International Monetary Fund
ISBN: 1475525311
Category : Business & Economics
Languages : en
Pages : 31
Book Description
This paper reassesses the impact of trade liberalization on productivity. We build a new, unique database of effective tariff rates at the country-industry level for a broad range of countries over the past two decades. We then explore both the direct effect of liberalization in the sector considered, as well as its indirect impact in downstream industries via input linkages. Our findings point to a dominant role of the indirect input market channel in fostering productivity gains. A 1 percentage point decline in input tariffs is estimated to increase total factor productivity by about 2 percent in the sector considered. For advanced economies, the implied potential productivity gains from fully eliminating remaining tariffs are estimated at around 1 percent, on average, which do not factor in the presumably larger gains from removing existing non-tariff barriers. Finally, we find strong evidence of complementarities between trade and FDI liberalization in boosting productivity. This calls for a broad liberalization agenda that cuts across different areas.
The Dynamic Effects of Trade Liberalization: An Empirical Analysis, Inv. 332-375
Author: Publisher: DIANE Publishing
ISBN: 1457825414
Category :
Languages : en
Pages : 166
Book Description
The Dynamic Effects of Trade Liberalization
Author: United States International Trade CommissionPublisher:
ISBN:
Category : Economic development
Languages : en
Pages : 168
Book Description
The Expected Benefits of Trade Liberalization for World Income and Development
Author: Antoine BouëtPublisher: Intl Food Policy Res Inst
ISBN: 0896295109
Category : Political Science
Languages : en
Pages : 176
Book Description
Development experts often promote trade liberalization as a path to economic development and poverty alleviation. This study examines the trade models used to support such claims. The author surveys the methodologies used to assess trade liberalization’s impact and examines the extent to which assessments of impact diverge. Through careful analysis of models and their results, the author provides a more nuanced assessment of the liberalization’s possible benefits
The Elusive Productivity Effect of Trade Liberalization in the Manufacturing Industries of Emerging Economies
Author: Berhanu AbegazProductivity Matters for Trade Policy
Author: Baybars KaracaovaliPublisher:
ISBN:
Category : Commercial policy
Languages : en
Pages : 60
Book Description
"There is a growing literature that investigates the effect of trade liberalization on productivity. Nearly all such studies assume that trade policy is determined independently of productivity, hence it is exogenous. The author shows that this assumption is not valid in general, both theoretically and empirically, and that researchers may be underestimating the positive effect of liberalization on productivity when they do not account for the endogeneity bias. On the theory side, he demonstrates that under a standard political economy model of trade protection, productivity directly influences tariffs. Moreover, this productivity-tariff relationship partly determines the extent of liberalization across sectors even in the presence of a large exogenous unilateral liberalization shock that affects all sectors. The link between productivity and tariffs is maintained after the author includes in his political economy model a learning-by-doing motive of protection, which also serves as the source of liberalization. On the empirical side, he examines total factor productivity (TFP) estimates obtained at the firm level for Colombia between 1983 and 1998, and finds that more productive sectors receive more protection within this period. In estimating the effect of productivity on tariffs, he controls for the endogeneity of the two main right-hand-side variables-the inverse import penetration to import demand elasticity ratio and productivity-by using materials prices, the capital to output ratio, a measure of scale economies, and the TFP of the upstream industries as robust instruments. The author also accounts for the large trade liberalization between 1990 and 1992, and finds that the sectors with a higher productivity gain are liberalized less. Finally, he illustrates a system of equations estimation and shows that the positive impact of liberalization on productivity grows stronger when corrected for the endogeneity bias. "--World Bank web site.
Trade Liberalization and Firm Productivity
Author: Petia TopalovaTrade Liberalization and Productivity Growth
Author: Satish ChandPublisher:
ISBN:
Category :
Languages : en
Pages : 0
Book Description
The impact of trade liberalization on productivity growth is still an empirical issue; the theoretical literature is as yet unclear on the direction of any such association. This paper develops an analytical framework and employs it to empirically test whether trade liberalization in Indian manufacturing has raised total factor productivity (TFP) growth. The answer is in the affirmative. The results also support a key postulate of the new growth theories, that liberalization of the intermediate-good sectors has a larger favorable impact on TFP growth than that of the final-good sectors.