No miracles here: Trade policy, fiscal policy and economic growth

被引:10
|
作者
Kneller, Richard [1 ]
机构
[1] Univ Nottingham, Leverhulme Ctr Globalisat & Econ Policy, Nottingham NG7 2RD, England
来源
JOURNAL OF DEVELOPMENT STUDIES | 2007年 / 43卷 / 07期
关键词
D O I
10.1080/00220380701526386
中图分类号
F0 [经济学]; F1 [世界各国经济概况、经济史、经济地理]; C [社会科学总论];
学科分类号
0201 ; 020105 ; 03 ; 0303 ;
摘要
In this paper we consider whether the rate of growth following trade liberalisation differs significantly from growth in other developing countries. We find that it does not. Given this result we explore whether these growth effects are offset by changes in other policy variables, namely changes in fiscal policy. Governments increase welfare spending as a response to greater exposure to international trade. We find evidence that countries that liberalise their trade regimes increase their spending on we tare but not other forms of expenditure. However, once we control for the effects of fiscal policy, trade liberalisation still has no growth effects.
引用
收藏
页码:1248 / 1269
页数:22
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