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

Bibliographic Data

ID9720082
AuthorsAmelia Santos‐Paulino (University of Sussex), Amelia U Santos‐Paulino (0000-0002-1053-8758, University of Sussex), A P Thirlwall (0000-0002-1661-2218, University of Kent)
Year2004
Volume114
Issue493
PagesF50-F72
Publication date2004-02-01
Peer ReviewedYes
Open AccessYes
TypeARTICLE
VenueThe Economic Journal (JOURNAL)
Journal identifiersISSN: 0013-0133 • E-ISSN: 1468-0297
PublisherOxford University Press (OUP) (PUBLISHER)
DOI10.1111/j.0013-0133.2004.00187.x
OpenAlexW2037902713
LanguageEN
Citations received17
References cited20

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. Copyright 2004 Royal Economic Society

Balance of payments · Developing country · Econometrics · Economic growth · Economics · International economics · International trade · Liberalization · Market economy · Panel data · Payment · Economic Growth and Productivity · Fiscal Policy and Economic Growth · Global trade and economics