Market access, openness and growth
By: John Romalis.
Contributors: National Bureau of Economic Research.
Series: NBER working paper series -- no. 13048.; Working paper series (National Bureau of Economic Research) -- working paper no. 13048.
Publisher: National Bureau of Economic Research
Published: 2007
Place of publication: Cambridge, Mass
Language: eng
Number of pages: 17
Subjects: Free trade; International trade -- Econometric models; Developing countries -- Commerce; United States -- Commercial policy
Description: This paper identifies a causal effect of openness to international trade on growth. It does so by using tariff barriers of the United States as instruments for the openness of developing countries. Trade liberalization by a large trading partner causes an expansion in the trade of other countries. Trade expansion induced by greater market access appears to cause a quantitatively large acceleration in the growth rates of developing countries. Eliminating existing developed world tariffs would increase developing country trade to GDP ratios by one third and growth rates by 0.6 to 1.6 percent per annum.
Notes: "April 2007"

Includes bibliographical references (p. 15-16).

Also available in PDF from the NBER world wide web site (www.nber.org).