Joseph Francois, Clinton Shiells, Hakan Nordström,
"Transition Dynamics and Trade Policy Reform in Developing Countries"
: Dynamic Issues in Applied Commercial Policy Analysis, Dambridge University Press, 1997
Original Titel:
Transition Dynamics and Trade Policy Reform in Developing Countries
Sprache des Titels:
Englisch
Original Buchtitel:
Dynamic Issues in Applied Commercial Policy Analysis
Original Kurzfassung:
This paper emphasizes the relevance of classical transition
dynamics for trade policy, particularly for developing countries. The
empirical evidence from cross-country growth regressions points to
important transitional growth effects related to trade policy reforms. The
paper employs a simple growth model to examine these effects, formally
developing the transitional dynamics and contrasting policy reforms in
countries near steady state (developed countries) with countries far from
steady state (developing). Policy reforms that appear identical in a static or
steady state framework can have a substantially greater impact on
developing countries, once transitional accumulation effects have been
accounted for.
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