Equalizing Exchange: Trade Liberalization and Income Convergence
通过考察二战后特定国家集团的重大贸易自由化事件,发现贸易改革的时间点与国家间收入趋同之间存在强关联。
How does movement toward freer trade affect income disparity among countries? This paper attempts to shed some light on the issue by examining episodes of major postwar trade hberalization within specified groups of countries. The findings suggest a strong link between the timing of trade reform and income convergence among countries.