Trade and Development: Lessons from Vietnam’s Past Trade Agreements
Publikation: Bidrag til tidsskrift › Tidsskriftartikel › Forskning › fagfællebedømt
Standard
Trade and Development : Lessons from Vietnam’s Past Trade Agreements. / Abbott, Philip; Bentzen, Jeanet Sinding; Tarp, Finn.
I: World Development, Bind 37, Nr. 2, 2009.Publikation: Bidrag til tidsskrift › Tidsskriftartikel › Forskning › fagfællebedømt
Harvard
APA
Vancouver
Author
Bibtex
}
RIS
TY - JOUR
T1 - Trade and Development
T2 - Lessons from Vietnam’s Past Trade Agreements
AU - Abbott, Philip
AU - Bentzen, Jeanet Sinding
AU - Tarp, Finn
N1 - Final Manuscript for World Development
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.
M3 - Journal article
VL - 37
JO - World Development
JF - World Development
SN - 1873-5991
IS - 2
ER -
ID: 164539210