Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/115370
Authors: 
Estevadeordal, Antoni
Taylor, Alan M.
Year of Publication: 
2009
Series/Report no.: 
IDB Working Paper Series IDB-WP-138
Abstract: 
According to the Washington Consensus, developing countries' growth would benefit from reductions in barriers to trade. However, the empirical basis for judging trade reforms is weak. Econometrics are mostly ad hoc; results are typically not judged against models; policies are poorly measured; and most studies are based on pre-1990 experience. We address these concerns-by using a model based on capital and intermediate goods; by compiling new disaggregated tariff measures; and by employing treatment-and-control analysis. We find that a specific treatment, liberalizing tariffs on imported capital and intermediate goods, did lead to faster growth in a manner consistent with theory.
Subjects: 
GATT
Uruguay Round
trade liberalization
growth
capital goods
intermediate goods
developing countries
JEL: 
E65
F10
F13
F43
F53
N10
N70
O40
Persistent Identifier of the first edition: 
Document Type: 
Working Paper

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