Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/234685 
Year of Publication: 
2020
Series/Report no.: 
IDB Working Paper Series No. IDB-WP-01099
Publisher: 
Inter-American Development Bank (IDB), Washington, DC
Abstract: 
As Latin America and the Caribbeans "Great Liberalization" reaches its 30th anniversary, we revisit the trade and growth debate by updating and expanding Estevadeordal and Taylors 2013 paper. To better understand the regions heterogeneity of policies and outcomes, we extend this analysis to include a larger sample of countries, a new and more disaggregated bilateral product-level tariff dataset; a longer timespan; and a country-sector analysis. The results indicate that liberalization is likely to have made a significant contribution to the acceleration in growth observed in the postliberalization periodan extra 0.6 to 0.7 percentage points on annual per-capita growth-driven by lower tariffs on capital and intermediate goods (as suggested by Solows growth model) and by the manufacturing sector.
Subjects: 
Trade liberalization
growth
Latin America
intermediate goods
capita l goods
JEL: 
F10
F13
F43
F61
F62
E65
Persistent Identifier of the first edition: 
Creative Commons License: 
cc-by-nc-nd Logo
Document Type: 
Working Paper

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