How does trade openness influence budget deficits in developing countries?
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How does trade openness influence budget deficits in developing countries?

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Published by International Monetary Fund, Fiscal Affairs Dept. in [Washington, D.C] .
Written in English

Subjects:

  • Terms of trade -- Developing countries.,
  • Budget -- Developing countries.,
  • Developing countries -- Commercial policy

Book details:

Edition Notes

Statementprepared by Jean-Louis Combes and Tahsin Saadi-Sedik.
SeriesIMF working paper -- WP06/3
ContributionsSaadi-Sedik, Tahsin., International Monetary Fund. Fiscal Affairs Dept.
The Physical Object
Pagination20 p. ;
Number of Pages20
ID Numbers
Open LibraryOL19920498M

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  How Does Trade Openness Influence Budget Deficits in Developing Countries? Prepared by Jean-Louis Combes and Tahsin Saadi-Sedik1 Authorized for distribution by Gerd Schwartz January Abstract This Working Paper should not be reported as representing the views of the ://~/media/Websites/IMF/imported-full-text-pdf/external/pubs/ft/wp/. Downloadable! This paper analyzes the effects of trade openness on budget balances by distinguishing the effects of natural openness from those of trade-policy induced openness. Using the GMMsystem estimator, the econometric analysis focuses on 66 developing countries during The results show that trade openness increases a country's exposure to external shocks regardless of its Get this from a library! How does trade openness influence budget deficits in developing countries?. [Jean-Louis Combès; Tahsin Saadi-Sedik; International Monetary Fund. Fiscal Affairs Department.] -- This paper analyzes the effects of trade openness on budget balances by distinguishing the effects of natural openness from those of trade-policy induced :// This paper analyzes the effects of trade openness on budget balances by distinguishing the effects of natural openness from those of trade-policy induced openness. Using the

This paper analyses the effects of trade openness on budget balances by distinguishing the effects of natural openness from those of trade policy. Revealed indicators of natural openness and trade policy are computed. Using GMM-system estimator, the econometric analysis focuses on 66 developing countries over The results show that trade openness increases a country's exposure to   This paper analyzes the effects of trade openness on budget balances by distinguishing the effects of natural openness from those of trade-policy induced openness. Using the GMMsystem estimator, the econometric analysis focuses on 66 developing countries during The results show that trade openness increases a country's exposure to external shocks regardless of its underlying The influence of trade openness on economic growth via budget balance is surprisingly neglected in the literature, particularly since the theoretical and empirical studies have provided a positive   Revealed indicators of natural openness and trade policy are computed. Using GMM-system estimator, the econometric analysis focuses on 66 developing countries over – The results show that trade openness increases a country's exposure to external shocks. This enforces the negative impact on budget balances of terms of trade ://

In this case, the additional effects on budget position of natural openness and trade policy are opposed: trade policy seems enhance budget surpluses, on the contrary, natural openness seems deteriorate budget data analysis., developing countries, Instability of term of trade, budget deficits, natural openness, outward-looking Revealed indicators of natural openness and trade policy are computed. Using GMM-system estimator, the econometric analysis focuses on 66 developing countries over The results show that trade openness increases a country's exposure to external shocks. This enforces the negative impact on budget balances of terms of trade :// J. Combes, T. Et, and. Saadi-sedik, «How Does Trade Openness Influence Budget Deficits in Developing Countries?, Journal of Development Studies, F. Schneider, The Size and Development of the Shadow Economy Around the World and The relation to   Table 1 presents an overview of trade policy episodes and the corresponding trade openness ratios, rates of economic growth, and investment ratios between and The trade openness ratio fluctuated over the period, ranging between % and %. Interestingly, the trade openness ratio averaged slightly higher (%) during the period with restrictive trade policy of – than