International Trade, Distortions and Long-Run Economic Growth

The links between trade and growth are examined in a neoclassical model of an open economy in which domestic production requires both domestic and imported inputs. The model shows that trade distortions induced by such government policies as tariffs and exchange controls generate cross-country diver...

Full description

Bibliographic Details
Main Author: Lee, Jong-Wha
Format: eBook
Language:English
Published: Washington, D.C. International Monetary Fund 1992
Series:IMF Working Papers
Subjects:
Online Access:
Collection: International Monetary Fund - Collection details see MPG.ReNa
LEADER 02154nmm a2200481 u 4500
001 EB000926494
003 EBX01000000000000000720090
005 00000000000000.0
007 cr|||||||||||||||||||||
008 150128 ||| eng
020 |a 9781451851335 
100 1 |a Lee, Jong-Wha 
245 0 0 |a International Trade, Distortions and Long-Run Economic Growth  |c Jong-Wha Lee 
260 |a Washington, D.C.  |b International Monetary Fund  |c 1992 
300 |a 41 pages 
651 4 |a Greece 
653 |a Income 
653 |a Tariffs 
653 |a Tariff 
653 |a International Trade Organizations 
653 |a Public finance & taxation 
653 |a Taxes 
653 |a Personal income 
653 |a Trade Policy 
653 |a Trade liberalization 
653 |a Exports and Imports 
653 |a International economics 
653 |a Personal Income, Wealth, and Their Distributions 
653 |a National accounts 
653 |a Economic Growth of Open Economies 
653 |a Commercial policy 
653 |a International trade 
653 |a Trade policy 
653 |a Trade barriers 
653 |a Macroeconomics 
653 |a Taxation 
041 0 7 |a eng  |2 ISO 639-2 
989 |b IMF  |a International Monetary Fund 
490 0 |a IMF Working Papers 
028 5 0 |a 10.5089/9781451851335.001 
856 4 0 |u https://elibrary.imf.org/view/journals/001/1992/090/001.1992.issue-090-en.xml?cid=841-com-dsp-marc  |x Verlag  |3 Volltext 
082 0 |a 330 
520 |a The links between trade and growth are examined in a neoclassical model of an open economy in which domestic production requires both domestic and imported inputs. The model shows that trade distortions induced by such government policies as tariffs and exchange controls generate cross-country divergences in growth rates and in per capita income over a long transitional period. The empirical results confirm that tariff rates and black market premia, interacting with an estimate of the share of free trade imports, have significant negative effects on the growth rate of per capita income across countries in the orders of magnitude predicted by the model