## Regional Trade Agreements Versus Broad Liberalization: Which Path Leads to Faster Growth? Time-Series Evidence

_IMF Working Papers, March 1, 1998_

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## Bibliographic details
- Authors: Athanasios Vamvakidis
- Published: March 1, 1998
- Series: IMF Working Papers
- DOI: https://doi.org/10.5089/9781451845945.001

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### Summary and principal findings
- Research question: Should a closed economy open its trade to all countries or limit itself to participation in regional trade agreements (RTAs)?
- Data coverage: time-series evidence for a data set for 1950-92.
- Main empirical findings:
  - Economies grew faster after broad liberalization, both in the short and long run.
  - Economies grew slower after participation in an RTA.
  - Economies had higher investment shares after broad liberalization.
  - Economies had lower investment shares after joining an RTA.
- Policy implication stated: The policy implications support broad liberalization.

### Methods and subject focus
- Methodological approach: time-series estimation and comparisons of growth performance for countries that liberalized broadly versus those that joined an RTA.
- Subjects and keywords listed:
  - Econometric analysis
  - International trade
  - Logit models
  - Population and demographics
  - Population growth
  - Trade barriers
  - Trade liberalization
  - Trade policy
  - Economic Growth of Open Economies
  - Global
  - investment share
  - liberalization case
  - Logit models
  - open economy
  - Population growth
  - RTA dummy
  - RTAs lead
  - Trade barriers
  - Trade liberalization
  - Trade policy
  - trade share
  - WP
  - Years before

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_Source: https://www.imf.org/en/publications/wp/issues/2016/12/30/regional-trade-agreements-versus-broad-liberalization-which-path-leads-to-faster-growth-time-2540_