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E-book
Author Wu, Yi, author

Title The impact of trade liberalization on the trade balance in developing countries / prepared by Yi Wu and Li Zeng
Published [Washington, D.C.?] : International Monetary Fund, [2008]
©2008
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Description 1 online resource (19 pages) : illustrations
Series IMF working paper ; WP/08/14
Summary Using two recently constructed measures of trade liberalization dates, this research studies the impact of trade liberalization on imports, exports, and overall trade balance for a large sample of developing countries. We find strong and consistent evidence that trade liberalization leads to higher imports and exports. However, in contrast Santos-Paulino and Thirwall (2004) who find a robustly negative impact of trade liberalization on the overall trade balance, we only find mixed evidence of such a negative impact. In particular, we find little evidence of a statistically significant negative impact using our first measure of liberalization dates which extends Li (2004). Using a second measure of liberalization dates compiled by Wacziarg and Welch (2003), we find some evidence that liberalization worsens the trade balance, but the evidence is not robust across different estimation specifications, and the estimated impact is smaller than that reported by Santos-Paulino and Thirwall (2004)
Bibliography Includes bibliographical references (pages 18-19)
Notes Master and use copy. Digital master created according to Benchmark for Faithful Digital Reproductions of Monographs and Serials, Version 1. Digital Library Federation, December 2002. http://purl.oclc.org/DLF/benchrepro0212 MiAaHDL
digitized 2010 HathiTrust Digital Library committed to preserve pda MiAaHDL
Print version record
Subject Balance of trade -- Developing countries -- Econometric models.
Form Electronic book
Author Zeng, Li, author
International Monetary Fund. Policy Development and Review Department.
ISBN 1283516594
145191329X
9781283516594
9781451913293