Trade Liberalisation and Economic Performance: An Overview

Winters, L. Alan (2004) Trade Liberalisation and Economic Performance: An Overview. Economic Journal, 114 (493). F4-F21. ISSN 0013-0133

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This paper surveys the recent literature on trade liberalisation and economic growth. While there are serious methodological challenges and disagreements about the strength of the evidence, the most plausible conclusion is that liberalisation generally induces a temporary (but possibly long-lived) increase in growth. A major component of this is an increase in productivity. Part 2 stresses the importance of other factors in achieving growth, such as other policies, investment and institutions, but argues that many of these respond positively to trade liberalisation. It also considers the implementation of liberalisation and notes the benefits of simple and transparent trade regimes.

Item Type: Article
Schools and Departments: University of Sussex Business School > Economics
Depositing User: L.Alan Winters
Date Deposited: 06 Feb 2012 18:33
Last Modified: 11 Jun 2012 10:43
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