This study examines the effects of trade liberalization on the extensive and intensive margins of import and export in developing countries. The study use the duties and the trade liberalization dummy variable (the year which countries have significant reforms in trade policies) to represent trade liberalization. As a result, the study found that the trade liberalization has a significant impac...

Mr. Crockett: May I make an analogy and see whether it conveys any insights? In the finance field, we think of technology and liberalization as having driven the enormous changes in financial markets. Technology enables the better pricing of risk; liberalization allows risk to be more efficiently managed and traded. Could one say that something similar is taking place in labor markets? Technolo...

This paper discusses a quantitative simulation analysis on the impact of Japan’s FTAs in Asia using a CGE model of global trade. It has been argued that a regional FTA would be a step toward global trade liberalization rather than a final goal. In fact, it is shown that changes in sectoral trade balance and production would vary according to the partners in Japan’s FTAs in Asia deviating from t...

Sunflower is one of four main annual oil plants that cultivated in oil and nut varieties. This plant as an important and industrial food product and because of nutritional features and the potential for earning exchange has become a valuable product in foreign and inner markets and has a special position in agricultural sector. Khoy, by producing 40 percent of sunflower productions of country a...

This paper provides compelling evidence that equity market liberalization, as the most efficient way to smooth financial market frictions such as credit constraints, can alleviate persistent cross-dynastic income inequality by promoting increased human capital accumulation. The authors examine the effect of equity market liberalization on inequality by using data from 72 countries for 1980–2006...

This paper analyzes empirically whether political freedom and civil liberties help or hinder economic liberalization, using panel data from 25 post-communist countries of Central and Eastern Europe (CEE) and Former Soviet Union (FSU), between 1992 and 1997. Building on analytical arguments and counter-arguments put forward by the recent literature, the paper identifies the channels through whic...

Child Labor and Trade Liberalization in Indonesia We examine the effects of trade liberalization on child work in Indonesia. Our estimation strategy identifies geographical differences in the effects of trade policy through district level exposure to reduction in import tariff barriers. We use a balanced panel of 261 districts, based on four rounds (1993 to 2002) of the Indonesian annual nation...

This paper investigates the implications for international markets of the existence of retailers/wholesalers with market power. Two main results are shown. First, in the presence of buyer power trade liberalization may lead to retail market concentration. Due to this concentration retail prices may be higher and welfare may be lower in free trade than in autarky, thus reversing the standard e¤e...

In the year that capital-poor countries open their stock markets to foreign investors, the growth rate of their typical firm’s capital stock exceeds its pre-liberalization mean by 4.1 percentage points. In each of the next three years the average growth rate of the capital stock for the 369 firms in the sample exceeds its pre-liberalization mean by 6.1 percentage points. However, there is no ev...

Trade liberalization episodes are usually analyzed in a horizontal dimension, that is, the movement of resources across sectors due to relative price changes. This perspective underestimates an element present in many liberalization processes: the opening access of foreign ...rms to produce and sell locally. As long there exist productivity di¤erences between native and foreign ...rms and depen...