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The Effect of World Bank Trade Adjustment Assistance on Trade and Growth: 1987-2004, Is the Glass Half Full of Half Empty?

Jinjarak, Yothin and Salinas, Gonzalo and Tsikata, Yvonne (2013) 'The Effect of World Bank Trade Adjustment Assistance on Trade and Growth: 1987-2004, Is the Glass Half Full of Half Empty?' Economic Systems, 37. pp. 415-430.

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Abstract

This paper studies the association between trade reform, growth, and trade adjustment assistance, in a sample of developing countries that underwent trade reforms during 1987-2004. Our analysis explicitly differentiates between a group of countries that received trade-adjustment loans from the World Bank, and a non-recipient group. The results suggest that trade adjustment assistance is positively associated with economic growth after trade reform in a medium- to long-run. Comparing to a pre-reform period and to the non-recipient group, the recipient countries registered 0.2 percent higher growth of real GDP/capita, 5.0 percent higher import growth, and 2.5 percent higher export growth during a period of three to five years after trade reform.

Item Type: Journal Article
SOAS Departments & Centres: Legacy Departments > Faculty of Law and Social Sciences > School of Finance and Management
Legacy Departments > Faculty of Law and Social Sciences > School of Finance and Management > Centre for Financial and Management Studies (CeFiMS)
ISSN: 09393625
DOI (Digital Object Identifier): https://doi.org/10.1016/j.ecosys.2013.05.004
Depositing User: Yothin Jinjarak
Date Deposited: 07 May 2013 08:31
URI: http://eprints.soas.ac.uk/id/eprint/15928

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