Trade and Development: Lessons from Vietnam's Past Trade Agreements

Research output: Contribution to journalJournal articleResearchpeer-review

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Trade and Development : Lessons from Vietnam's Past Trade Agreements. / Abbott, Philip; Bentzen, Jeanet; Tarp, Finn.

In: World Development, Vol. 37, No. 2, 2009, p. 341-353.

Research output: Contribution to journalJournal articleResearchpeer-review

Harvard

Abbott, P, Bentzen, J & Tarp, F 2009, 'Trade and Development: Lessons from Vietnam's Past Trade Agreements', World Development, vol. 37, no. 2, pp. 341-353. https://doi.org/10.1016/j.worlddev.2008.04.005

APA

Abbott, P., Bentzen, J., & Tarp, F. (2009). Trade and Development: Lessons from Vietnam's Past Trade Agreements. World Development, 37(2), 341-353. https://doi.org/10.1016/j.worlddev.2008.04.005

Vancouver

Abbott P, Bentzen J, Tarp F. Trade and Development: Lessons from Vietnam's Past Trade Agreements. World Development. 2009;37(2):341-353. https://doi.org/10.1016/j.worlddev.2008.04.005

Author

Abbott, Philip ; Bentzen, Jeanet ; Tarp, Finn. / Trade and Development : Lessons from Vietnam's Past Trade Agreements. In: World Development. 2009 ; Vol. 37, No. 2. pp. 341-353.

Bibtex

@article{e5555eb0ee2911ddbf70000ea68e967b,
title = "Trade and Development: Lessons from Vietnam's Past Trade Agreements",
abstract = "History, not predictions of CGE models or cross-country growth studies, shows a strong relationship between trade and development. Vietnam's experience with bilateral trade agreements, comparing actual outcomes with predictions from existing models, demonstrates this and the limitations of research methodologies. Forecasts for Vietnam greatly underestimated the impact of past agreements because tariff reform was not the main factor driving adjustments. Addressing market imperfections through institutional reform was central to bringing output and trade expansion. Key questions for future research are whether policy reform will result in new institutional changes, and how resulting incentives determine the evolution of investment by sector.",
keywords = "Faculty of Social Sciences, trade liberalization, bilateral trade agreements, WTO accession, Vietnam",
author = "Philip Abbott and Jeanet Bentzen and Finn Tarp",
year = "2009",
doi = "10.1016/j.worlddev.2008.04.005",
language = "English",
volume = "37",
pages = "341--353",
journal = "World Development",
issn = "0305-750X",
publisher = "Pergamon Press",
number = "2",

}

RIS

TY - JOUR

T1 - Trade and Development

T2 - Lessons from Vietnam's Past Trade Agreements

AU - Abbott, Philip

AU - Bentzen, Jeanet

AU - Tarp, Finn

PY - 2009

Y1 - 2009

N2 - History, not predictions of CGE models or cross-country growth studies, shows a strong relationship between trade and development. Vietnam's experience with bilateral trade agreements, comparing actual outcomes with predictions from existing models, demonstrates this and the limitations of research methodologies. Forecasts for Vietnam greatly underestimated the impact of past agreements because tariff reform was not the main factor driving adjustments. Addressing market imperfections through institutional reform was central to bringing output and trade expansion. Key questions for future research are whether policy reform will result in new institutional changes, and how resulting incentives determine the evolution of investment by sector.

AB - History, not predictions of CGE models or cross-country growth studies, shows a strong relationship between trade and development. Vietnam's experience with bilateral trade agreements, comparing actual outcomes with predictions from existing models, demonstrates this and the limitations of research methodologies. Forecasts for Vietnam greatly underestimated the impact of past agreements because tariff reform was not the main factor driving adjustments. Addressing market imperfections through institutional reform was central to bringing output and trade expansion. Key questions for future research are whether policy reform will result in new institutional changes, and how resulting incentives determine the evolution of investment by sector.

KW - Faculty of Social Sciences

KW - trade liberalization

KW - bilateral trade agreements

KW - WTO accession

KW - Vietnam

U2 - 10.1016/j.worlddev.2008.04.005

DO - 10.1016/j.worlddev.2008.04.005

M3 - Journal article

VL - 37

SP - 341

EP - 353

JO - World Development

JF - World Development

SN - 0305-750X

IS - 2

ER -

ID: 10001539