Export Performance in Transition Economies
研究欧洲和中亚转型经济体的出口绩效,发现早期出口成功需要同时推进稳定化和自由化,仅靠贸易自由化或货币贬值是不够的,且取消出口管制比放松进口管制更紧迫。
Trade performance Export reorientation in the transition We examine export performance in the transition economies of Europe and central Asia. We conclude that early success in exporting required the simultaneous pursuit of stabilization and liberalization. Neither liberalizing the foreign trade regime alone nor drastic devaluations of domestic currencies will improve trade performance unless domestic prices are decontrolled, inflationary expectations lowered, and administrative controls over the economy relaxed. Within the foreign trade regime, removing export controls appears a more immediate priority than relaxing import controls: export controls induce undervaluation and high levels of protection that insulate domestic producers and consumers from international markets. —Bartlomiej Kaminski, Zhen Kun Wang and L. Alan Winters