Dynamic Issues in Applied Commercial Policy Analysis: Transition dynamics and trade policy reform in developing countries

摘要: This paper emphasizes the relevance of classical transition dynamics for trade policy, particularly developing countries. The empirical evidence from cross-country growth regressions points to important transitional effects related policy reforms. employs a simple model examine these effects, formally and contrasting reforms in countries near steady state (developed countries) with far (developing). Policy that appear identical static or steady-state framework can have substantially greater impact on countries, once accumulation been accounted for.