Openness Can Be Good for Growth: The Role of Policy Complementarities

This paper studies how the effect of trade openness on economic growth may depend on complementary reforms that help a country take advantage of international competition. This issue is illustrated with a simple Harris-Todaro model where welfare gains after trade openness depend on the degree of lab...

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Bibliographic Details
Main Authors: Chang, Roberto, Kaltani, Linda, Loayza, Norman V.
Language:EN
Published: 2012
Subjects:
Online Access:http://hdl.handle.net/10986/5507