No miracles here: Trade policy, fiscal policy and economic growth
研究了贸易自由化后发展中国家的增长率是否显著不同，发现没有差异，并探讨了财政政策变化是否抵消了增长效应，发现贸易自由化仍无增长效应。
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 welfare but not other forms of expenditure. However, once we control for the effects of fiscal policy, trade liberalisation still has no growth effects.