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The Impact of Trade Liberalisation on Exports, Imports, and the Balance of Payments of Developing Countries

Thirlwall, A.P., Santos-Paulino, Amelia (2004) The Impact of Trade Liberalisation on Exports, Imports, and the Balance of Payments of Developing Countries. The Economic Journal, 114 (493). pp. 50-73. ISSN 0013-0133. (doi:10.1111/j.0013-0133.2004.00187.x) (The full text of this publication is not currently available from this repository. You may be able to access a copy if URLs are provided) (KAR id:605)

The full text of this publication is not currently available from this repository. You may be able to access a copy if URLs are provided. (Contact us about this Publication)
Official URL
http://dx.doi.org/10.1111/j.0013-0133.2004.00187.x

Abstract

This paper uses panel data and times series/cross section analysis to estimate the effect of trade liberalisation on export growth, import growth, the balance of trade and the balance of payments for a sample of 22 developing countries that have adopted trade liberalisation policies since the mid-1970s. We find that liberalisation stimulated export growth but raised import growth by more, leading to a worsening of the balance of trade and payments. To the extent that this has constrained the growth of output and living standards, the findings have important implications for the sequencing and degree of liberalisation.

Item Type: Article
DOI/Identification number: 10.1111/j.0013-0133.2004.00187.x
Subjects: H Social Sciences
Divisions: Faculties > Social Sciences > School of Economics
Depositing User: C. Hudson
Date Deposited: 19 Dec 2007 18:22 UTC
Last Modified: 08 Feb 2020 04:00 UTC
Resource URI: https://kar.kent.ac.uk/id/eprint/605 (The current URI for this page, for reference purposes)
Thirlwall, A.P.: https://orcid.org/0000-0002-1661-2218
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