Trade, politics and economic development : exploring the relevance of the trade-growth link in selected developing countries between 1996 and 2006
Thesis (M.A.)--Georgetown University, 2011.; Includes bibliographical references.; Text (Electronic thesis) in PDF format. The purpose of this thesis is to quantitatively analyze the economic growth effect from international trade in the context of developing countries. Although there has been a substantial literature regarding the effects of international trade on various economic outcomes, the exact effect on economic growth is yet to be clarified. In addition to similar approaches in the academic literature, this study will look at the effects of governance, infrastructure and regime type among developing countries on this relationship. Using the data from the World Development Indicators and other political variables such as fragmentation and regime type, I will observe the relationship using a fixed-effects model between international trade and economic development in 24 developing countries, chosen among countries with lowest GDP and with most available of data, between the years of 1996 to 2006. In line with prior findings, my empirical results suggest that trade openness, infrastructure and natural resource endowments enhance economic development in the selected countries. In particular, my findings indicate that developing countries lacking resources are not expected to benefit from trade liberalization as much as countries with more resources. This in turn reflects the well-documented fact that complementary policy measures are necessary to supplement trade liberalization in developing economies.
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