Trade Liberalisation and Economic Performance: An Overview
综述了贸易自由化与经济增长的近期文献,认为自由化通常带来暂时但可能持久的增长提升,主要源于生产率提高,并强调其他政策、投资和制度的重要性。
This paper surveys the recent literature on trade liberalisation and economic growth. While there are serious methodological challenges and disagreements about the strength of the evidence, the most plausible conclusion is that liberalisation generally induces a temporary (but possibly long‐lived) increase in growth. A major component of this is an increase in productivity. Part 2 stresses the importance of other factors in achieving growth, such as other policies, investment and institutions, but argues that many of these respond positively to trade liberalisation. It also considers the implementation of liberalisation and notes the benefits of simple and transparent trade regimes.