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  • 8/6/2019 Relationship Between Trade Liberalization, Growth and BOP in Developing Countries_ Timothy Mahea

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    Ynfoq`lm{g`z inqtnnm

    Qyoan F`inyof`{oq`lm&

    Dyltqg oma Iofomkn lhZopcnmq{ `m Anxnflz`md

    Kl~mqy`n{2

    Om Nklmlcnqy`k

    [q~ap

    O{gle Zoy`eg

    GTTO A@[K^[[@LM ZOZNY

    Goci~yd`{kgn{ Tnf#T`y{kgoh{#Oykg`x 'GTTO)Goci~yd @m{`~n lh @mnymo`lmof Nklmlc`k{

    9::1

  • 8/6/2019 Relationship Between Trade Liberalization, Growth and BOP in Developing Countries_ Timothy Mahea

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    Goci~yd`{kgn{ Tnf#T`y{kgoh{#Oykg`x 'GTTO)

    Goci~yd @m{`~n lh @mnymo`lmof Nklmlc`k{

    Mn~ny B~mdhnym{`nd 9? 9:;14 Goci~yd& Dnycomp

    Qnfnhlm2 :1:,197 ;1 ;>>

    Qnfnhow2 :1:,197 ;1 1>?

    n#co`f2 gttoJgtto-an@mnymn2 gz2,,ttt-gtto-an

    Qgn GTTO `{ o cnciny lh2

    T`{{nm{kgoh{dncn`m{kgoh Dlhy`na T`fgnfc Fn`im`r 'TDF)

    Oyin`{dncn`m{kgoh an~{kgny t`y{kgoh{t`{{nm{kgohf`kgny Hly{kg~md{`m{`~n

    'OYDN)

    O{{lk`o`lm a@m{`~{ N~ylznm{ an Klmblmk~yn Nklmlc`q~n 'O@NKN)

    mailto:[email protected]://www.hwwa.de/http://www.hwwa.de/mailto:[email protected]
  • 8/6/2019 Relationship Between Trade Liberalization, Growth and BOP in Developing Countries_ Timothy Mahea

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    GTTO A`{k~{{`lm Zozny

    Ynfoq`lm{g`z inqtnnm Qyoan

    F`inyof`{oq`lm& Dyltqg oma

    Iofomkn lh Zopcnmq{ `m Anxnflz`md

    Kl~mqy`n{2Om Nklmlcnqy`k [q~ap

    O{gle Zoy`eg

    GTTO A`{k~{{`lm Zozny 978

    gz2,,ttt-gtto-an

    Goci~yd @m{`~n lh @mnymo`lmof Nklmlc`k{ 'GTTO)

    Mn~ny B~mdhnym{`nd 9? 9:;14 Goci~yd& Dnycomp

    n#co`f2 gttoJgtto-an

    Qg`{ zozny to{ zynzoyna tg`fn gn o~gly to{ x`{``md gn Goci~yd @m{`~n lh

    @mnymo`lmof Nklmlc`k{& Goci~yd& Dnycomp- Qgn o~gly t`{gn{ l gome Ay- Koy{nm

    Gnhneny oma zoy`k`zom{ o gn {nc`moy hly gn`y ~{nh~f klccnm{ oma gn Fnxnyg~fcn

    Qy~{ hly gn Ncny`~{ otoya-

    Na`na ip gn Anzoycnm Tlyfa Nklmlcp

    Gnoa2 ZA Ay- Koy{nm Gnhneny

  • 8/6/2019 Relationship Between Trade Liberalization, Growth and BOP in Developing Countries_ Timothy Mahea

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    GTTO A@[K^[[@LM ZOZNY 978

    B~fp 9::1

    Ynfoq`lm{g`z inqtnnm Qyoan

    F`inyof`{oq`lm& Dyltqg oma Iofomkn

    lh Zopcnmq{ `m Anxnflz`md

    Kl~mqy`n{2Om Nklmlcnqy`k [q~ap

    OI[QYOKQ

    Qgn libnk`xn{ lh g`{ zozny oyn l {~ap gn `czok lh f`inyof`{o`lm lm yoan anh`k`{ oma

    k~yynm okkl~m{ lh anxnflz`md kl~my`n{- @ `{ nwznkna go yoan f`inyof`{o`lm tl~fa

    zylcln nklmlc`k dyltg hylc gn {~zzfp {`an ip fnoa`md l o clyn nhh`k`nm ~{n lh

    yn{l~ykn{& ip nmkl~yod`md klczn``lm& oma ip `mkyno{`md gn hflt lh `ano{ oma

    emltfnadn okyl{{ mo`lmof il~maoy`n{- Qyoan f`inyof`{o`lm kl~fa fnoa l ho{ny `czly

    dyltg gom nwzly dyltg oma gnmkn gn {~zzfp {`an inmnh`{ cop in lhh{n ip gn

    ~m{~{o`moifn iofomkn lh zopcnm{ zl{``lm- Qg`{ {~ap ~{n{ zomnf aoo lh 19 kl~my`n{

    'ilg `cn#{ny`n{ oma kyl{{#{nk`lm a`cnm{`lm) l n{`con gn nhhnk lh yoan

    f`inyof`{o`lm oma dyltg lm yoan iofomkn tg`fn klmylff`md hly lgny hokly{ {~kg o{`mklcn nyc{ lh yoan- Qgn cobly h`ma`md lh gn {~ap `{ go yoan f`inyof`{o`lm

    zylcln{ dyltg `m cl{ ko{n{& 'Zoy ? lh g`{ {~ap) gn dyltg `{nfh go{ o mndo`xn

    `czok lm yoan iofomkn oma g`{ `m ~ym kl~fa goxn mndo`xn `czok{ lm dyltg gyl~dg

    anny`lyo`lm `m yoan iofomkn oma oaxny{n nyc{ lh yoan- L~y klmkf~{`lm `{ go yoan

    f`inyof`{o`lm kl~fa klm{yo`m dyltg gyl~dg oaxny{n `czok lm iofomkn lh zopcnm{-

    Enp Tlya{2 Zomnf aoo& @mklcn Qnyc{ lh Qyoan& Apmoc`k Lz`c`{o`lm& Apmoc`k

    zomnf clanf

    BNF#Kfo{{`h`ko`lm2 K9?& K99& K9;& H?;& H?1& H;9

    O{gle Zoy`eg

    [kgllf lh Nklmlc`k{ oma [lk`of [~a`n{

    ^m`xny{`p lh No{ Omdf`o& Mlyt`kg

    MY1 4QB& ^m`na E`mdalc

    Zglmn2 %11#?8:;#>094?1

    How2 %11#?8:;#9>:1;1

    n#co`f2 O-Zoy`egJ~no#ok#~e

    mailto:A.Parikh@uea-ac-ukmailto:A.Parikh@uea-ac-uk
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    ?

    @mqyla~kq`lm

    Qg`{ {~ap nwnma{ gn zynx`l~{ tlye 'Zoy`eg oma [`yi~& 9::1) tgnyn {o`k clanf{ goxn

    innm ~{na l {~ap gn ynfo`lm{g`z intnnm yoan f`inyof`{o`lm oma nklmlc`k dyltg oma

    gn bl`m `czok lh f`inyof`{o`lm oma dyltg lm yoan iofomkn- L~y zynx`l~{ clanf{ oma

    omofp{`{ kom in ~{nh~f l ayot knyo`m `mhnynmkn{ i~ lgnyt`{n& ` to{ omofp`koffp fn{{

    {ylmd o{ gnyn nw`{na zylifnc{ lh {ny`of klyynfo`lm t`g nklmlcny`k n{`co`lm lm

    zomnf ly `cn {ny`n{ aoo- Clynlxny& {znk`h`ko`lm lh yoan iofomkn ynfo`lm{g`z a`a ml

    klm{`any o c~f`xoy`on apmoc`k {znk`h`ko`lm io{na lm lz`c`{o`lm gnlyp `m

    `mnymo`lmof nklmlc`k{- Gltnxny& gn {~ap g`dgf`dgna {lcn cobly {n{ lh xoy`oifn{

    tg`kg kom in klm{`anyna `m o apmoc`k {n`md- Qgn libnk`xn{ lh g`{ {~ap oyn l nwoc`mn

    gn `czok lh f`inyof`{o`lm& dyltg oma yoan zlf`kp xoy`oifn{ lm gn yoan iofomkn oma

    k~yynm okkl~m iofomkn{ `m o zomnf hyocntlye hly anxnflz`md kl~my`n{ tgnyn gn aoo

    oyn hly nokg kl~myp lxny `cn oma gn{n kl~my`n{ oyn off ynona ldngny- Tn of{l

    n{`con apmoc`k clanf{ lm zomnf aoo-

    Tn h`y{ anh`mn gn k~yynm okkl~m `m o clyn ozzylzy`on commny gom b~{ gn yn{`a~of

    hylc gn iofomkn lh nwzly{ lh dlla{ oma {nyx`kn{ fn{{ `czly{ lh dlla{ oma {nyx`kn{- O

    k~yynm okkl~m anh`k` kom in anh`mna o{ gn kl~myp{ nwkn{{ lh `mxn{cnm lxny {ox`md{-

    Gltnxny& gn {ox`md oma `mxn{cnm hflt{ ynzlyna `m comp mo`lmof `mklcn okkl~m{ al

    ml klmhlyc kfl{nfp l gn gnlyn`koffp klyynk klmknz{ lh {ox`md oma `mxn{cnm tgnm

    `mnymo`lmof koz`of cli`f`p `{ nwnm{`xn- G`{ly`koffp& k~yynm okkl~m iofomkn{ tnyn

    {coff `m zl{#?01> zny`la- @m``offp g`{ to{ inko~{n lh lhh`k`of yn{y`k`lm{ lm

    `mnymo`lmof koz`of clxncnm{ o{ cl{ `ma~{y`of`{na kl~my`n{ k~yynmk`n{ tnyn

    `mklmxny`ifn ~m`f ?0>0- Ohny gn noyfp ?04:{ mn `mnymo`lmof koz`of hflt{ goxn

    nwzomana o{ o yn{~f lh znylalffoy ynkpkf`md& gn ynclxof lh comp `ma~{y`of kl~myp

    yn{y`k`lm{ lm `mnymo`lmof zopcnm{ hlfflt`md gn oalz`lm lh hflo`md nwkgomdn yon{

    oma gn nkgmlfld`kof nxlf~`lm `m gn h`momk`of `ma~{yp- Qg`{ cnom{ go tn goxn l

    klm{`any anh`m``lm lh k~yynm okkl~m tg`kg `{ {nm{``xn l koz`of `mhflt{ oma l~hflt{

    `mkf~a`md {nyx`kn zopcnm{-

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    @m {nk`lm 9 lh gn zozny tn zylx`an klczoy`{lm lh gn ankoan ?00:{ t`g ?07:{ `m nyc{

    lh yoan iofomkn oma nklmlc`k dyltg `m anxnflz`md kl~my`n{ oma ynd`lm{ lh gn{n

    anxnflz`md kl~my`n{- @m {nk`lm ; tn zylx`an o clanf l f`me yoan iofomkn ly k~yynm

    okkl~m t`g gn alcn{`k dyltg- Qg`{ `{ io{na lm gn klm{~cz`lm {cllg`md zy`mk`zfn

    hly gn mo`lm oma hlfflt{ apmoc`k lz`c`{o`lm ~many k~yynm okkl~m klm{yo`m- @m

    {nk`lm 1& gn klyyn{zlma`md apmoc`k clanf `{ n{`cona ~{`md apmoc`k zomnf aoo

    nkgm`q~n- Tn h`y{ offlt hly gn nmaldnm`p lh dyltg xoy`oifn `m {~kg o zylkna~yn oma

    gnm tn znyc` lgny xoy`oifn{ l in ynona nmaldnml~{fp t`g dyltg- @m {nk`lm >& tn

    oncz ynd`lmof omofp{`{ hly tl ynd`lm{ mocnfp Ohy`ko oma Fo`m Ocny`ko '`mkf~a`md

    O{`om kl~my`n{) oma zyn{nm {lcn lh gn klmyo{`md hno~yn{ lh gn yn{~f{- [`mkn tn

    goxn lmfp {coff m~ciny lh O{`om kl~my`n{ `m l~y {oczfn& o {nzoyon omofp{`{ to{ ml

    klma~kna ofgl~dg gnp hlyc o zoy lh gn 19 kl~my`n{ oma of{l lh Fo`m Ocny`kom

    ynd`lm- @m {nk`lm 8& tn ayot {lcn klmkf~{`lm{ lh gn {~ap-

    9 Mlm#h~nf nwzlyq`md anxnflz`md kl~mqy`n{ nwkf~a`md Kg`mo

    Tn klm{`any gn zny`la ?07:#?070 ankoan oma klczoyn ` t`g ?00:#?000 ankoan o{ hoy

    o{ yoan iofomkn oma k~yynm okkl~m anh`k`{ oyn klmknymna hly anxnflz`md kl~my`n{-

    Qgnyn to{ o {ylmd `czylxncnm `m nwnymof iofomkn lh anxnflz`md kl~my`n{- Tg`fn gn

    `czylxncnm `m gn nwnymof okkl~m{ a~y`md gn ky`{`{ oma oab~{cnm zny`la lh gn noyfp#

    ?07:{ tnyn o{{lk`ona co`mfp t`g `czly klczyn{{`lm oma hoff`md dyltg& gn

    ynfo`lm{g`z intnnm nwnymof okkl~m oma dyltg inkocn x`y~l~{ oma xnyp ~m~{~of hly

    gn {gly zny`la intnnm ?07; oma ?07> tgnm nwnymof okkl~m{ `czylxna t`g y`{`md

    dyltg- Qgnm& gnyn to{ o {ylmd anny`lyo`lm `m gn nwnymof zl{``lm intnnm gn pnoy{

    ?07477 oma gn c`a#?00:{ t`g o {t`md ioke l o anh`k` fnxnf {`c`foy l go lh gn

    zynx`l~{ ankoan- Qtl hno~yn{ lh gn zl{#?074 zny`la {oma l~- '`) Qgn zny`la ?0740:

    to{ kgoyokny`rna ip `mkyno{`md nwnymof anh`k`{ oma {flt`md dyltg& `-n- o klm{nffo`lm&

    tg`kg `{ kfnoyfp ~m{~{o`moifn `m gn flmd y~m- A~y`md g`{ zny`la comp anxnflz`md

    kl~my`n{ of{l ~manytnm o ynd`cn kgomdn `m gn`y yoan zlf`kp `m gn {nm{n go gnp

    a`{comfna q~om`o`xn yn{y`k`lm{ oma yna~kna oy`hh{& oma go gnp co`mo`mna g`{

    {omkn `m {z`n lh o tly{nm`md yoan okkl~m- @m lgny tlya{& gnp {lzzna ~{`md yoan

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    zlf`kp cno{~yn{ hly iofomkn#lh#zopcnm{ z~yzl{n{- '``) Nxnm gl~dg nklmlc`k dyltg `m

    anxnflz`md kl~my`n{ z`kena ~z clanyonfp ohny ?00:& gn yon{ okg`nxna oyn o{{lk`ona

    t`g g`dgny nwnymof anh`k`{ 'l DAZ yo`l{) gom `m zynx`l~{ zny`la{- Qg`{ cnom{ go

    lxny gn zo{ ankoan gnyn go{ innm om `mkyno{n `m gn nwnymof h`momk`md ynq~`yncnm

    o{{lk`ona t`g omp d`xnm dyltg yon- O{ o cony lh hok& gn ynfo`lm{g`z intnnm

    dyltg oma gn nwnymof zl{``lm lh gn zo{ hnt pnoy{ c`c`k{ go lh gn zny`la zy`ly l

    gn nklmlc`k ky`{`{ lh gn noyfp#?07:{-

    Qgn nxlf~`lm lh gn k~yynm okkl~m zl{``lm `m gn mlm#h~nf#nwzly`md#anxnflz`md

    kl~my`n{ nwkf~a`md Kg`mo go{ innm foydnfp annyc`mna ip gn nxlf~`lm lh gn`y yoan oma

    `mklcn okkl~m{& tg`fn gn`y iofomkn{ lm {nyx`kn{ oma k~yynm yom{hny{ goxn ml innm

    {~ibnk l `czlyom kgomdn{ lxny gn zo{ gynn ankoan{-?

    Qgn ankf`mn `m tlyfa `mnyn{

    yon{ {`mkn ?070 go{ yna~kna gn zyn{{~yn lh ani {nyx`kn zopcnm{ lm gn k~yynm okkl~m

    i~ g`{ go{ ml yom{fona `ml fltny k~yynm#okkl~m anh`k`{ a~n l gn ynmntna

    anny`lyo`lm `m gn yoan okkl~m- Intnnm gn ?07:{ oma gn ?00:{& yoan anh`k`{ lh

    anxnflz`md kl~my`n{ `mkyno{na {ylmdfp t`g gn yon lh dyltg ynco`m`md ip oma foydn

    ~mkgomdna- Qgnyn oyn o hnt mloifn nwknz`lm{ hylc g`{ io{`k zonym lh o {`c`foy

    anh`k`,DAZ yo`l oma o fltny dyltg yon `m gn ?00:{ klczoyna t`g gn ankoan zy`ly l

    ?07:{2

    gn oxnyodn nwnymof yoan zl{``lm lh anxnflz`md kl~my`n{ `mkf~a`md gn cobly

    h~nf#nwzly`md kl~my`n{ go{ tly{nmna gyl~dgl~ gn zny`la5

    gn dyl~z lh mlm#h~nf nwzly`md kl~my`n{ `m {~i#[ogoyom Ohy`ko go{ nwzny`nmkna

    o tly{nm`md lh ilg `{ nwnymof zl{``lm oma `{ dyltg yon5

    gn dyl~z lh mlm#h~nf anxnflz`md O{`o nwkf~a`md Kg`mo yo`{na `{ dyltg yon

    tg`fn `czylx`md `{ nwnymof zl{``lm a~y`md gn ?07:{5 ` `{ gn lmfp ynd`lm hly

    tg`kg gn ynfo`lm{g`z `m gn h`y{ gofh lh gn ?00:{ `{ ml {~i{om`offp a`hhnynm

    hylc go `m gn ?04:{-

    ?

    Qgn DAZ#yo`l lh gn {nyx`kn{ okkl~m go{ hf~k~ona intnnm : oma :-> zny knm& tg`fn go lh gn

    k~yynm yom{hny{ go{ hf~k~ona intnnm ?-> oma 9-: zny knm- T`g gn h~nf#nwzly`md anxnflz`md

    kl~my`n{ `mkf~ana& gn oxnyodn {nyx`kn{,DAZ yo`l inklcn{ :-7 l ;-: zny knm oma go lh gn k~yynm

    yom{hny,DAZ yo`l : l :-7 zny knm- Hly ano`fna ncz`y`kof nx`anmkn& {nn Qoifn O;? `m @mnymo`lmof

    Clmnoyp H~ma& Tlyfa Nklmlc`k L~qflle& xoy`l~{ `{{~n{-

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    [o`{`kof nx`anmkn {glt{ go ohny o klm`m~l~{ `mkyno{n lh ilg nwzly{ oma `czly{ lh

    anxnflz`md kl~my`n{ a~y`md gn ?04:{& gn`y nwzly{ {odmona oma gn`y `czly{ aylzzna

    a~y`md gn h`y{ gofh lh gn ?07:{- Ip klmyo{& ilg `czly{ oma nwzly{ goxn y`{nm

    {ylmdfp {`mkn ?078- Flle`md o ynd`lmof {~i#dyl~z{ {~ddn{{ go gn ayo{`k

    `czylxncnm `m gn yoan iofomkn lh mlm#h~nf anxnflz`md Ocny`ko a~y`md gn ?07:{ tnyn

    a~n l o {f`dg `mkyno{n `m nwzly{ i~ co`mfp a~n l o xnyp {~i{om`of klczyn{{`lm lh

    `czly{- Qg`{ klmyo{{ {goyzfp t`g gn nwzny`nmkn lh mlm#h~nf anxnflz`md O{`o

    nwkf~a`md Kg`mo tgl{n yoan iofomkn `czylxna `m gn ?07:{ a~n co`mfp l o xnyp {ylmd

    `mkyno{n `m nwzly{#klmyoyp l anxnflz`md Ocny`ko& `czly{ of{l `mkyno{na- Gnmkn& tg`fn

    `czly klczyn{{`lm `{ f`enfp l goxn kglena nklmlc`k dyltg `m anxnflz`md Ocny`ko&

    y`{`md `czly{ tnyn o{{lk`ona t`g y`{`md dyltg oma y`{`md nwzly{ `m anxnflz`md O{`o-

    [~i#[ogoyom Ohy`ko `{ gn lgny anxnflz`md ynd`lm go nwzny`nmkna {ylmd `czly

    klczyn{{`lm a~y`md gn ?07:{ oma& klmyoyp l gn {`~o`lm `m anxnflz`md Ocny`ko& g`{

    nwzny`nmkn go{ ml xnyp c~kg `czylxna lxny gn zo{ hnt pnoy{-

    @ma`x`a~of kl~mqyp nwzny`nmkn

    Qgn nwnymof yoan zl{``lm anny`lyona `m gn cobly`p lh kl~my`n{& tg`fn gn cobly`p lh

    kl~my`n{ nwzny`nmkna y`{`md dyltg yon{ intnnm gn ?07:{ oma gn ?00:{- Gltnxny& ?>

    l~ lh gn 90 kl~my`n{ t`g o anny`lyo`md nwnymof yoan zl{``lm oma y`{`md dyltgintnnm gn ?07:{ oma gn ?00:{ oyn `m anxnflz`md Ocny`ko 'Qoifn ?)- @ `{ of{l

    mlntlygp go& intnnm gn ?07:{ oma gn ?00:{& off gn anxnflz`md kl~my`n{& tg`kg

    goxn innm ohhnkna cl{ ip gn ynknm h`momk`of ky`{`{& '`-n- Iyor`f& @malmn{`o& Elyno&

    Cofop{`o oma Qgo`foma) nwzny`nmkna o tly{nm`md `m gn`y nwnymof yoan zl{``lm oma g~{

    om `mkyno{n `m gn`y nwnymof h`momk`md ynq~`yncnm{-

    O znygoz{ {lcntgo {~yzy`{`md hno~yn `{ go [`mdozlyn `{ gn lmfp co`m nwzlyny lh

    com~hok~yn{ tgl{n nwnymof yoan zl{``lm go{ `czylxna intnnm gn ?07:{ oma gn

    ?00:{& tg`fn go lh Glmd Elmd& Elyno& Cofop{`o& Cnw`kl& Qo`tom& Qgo`foma oma Q~yenp

    go{ tly{nmna- @ {gl~fa ml in hlydlnm& gltnxny& go nwzly{ t`g o klczoyo`xnfp

    g`dg#`mklcn nfo{`k`p lh ancoma nmklczo{{n{ o c~kg iyloany {znky~c gom

    com~hok~yn{- [lcn kl~my`n{ `m gn {oczfn goxn innm oifn l `mkyno{n nwzly{ lh odyl#

    `ma~{y`of dlla{& {~kg o{ hly nwoczfn Kg`fn& tgnyn nwzly noym`md{ hylc hy~` oma h`{gnyp

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    oma hlyn{yp zyla~k{ goxn& ldngny& klcn l y`xof gl{n hylc klzzny& oma g`{ go{ gnfzna

    gny l okg`nxn ilg `mkyno{na dyltg oma om `czylxna nwnymof zl{``lm intnnm gn

    ?04:{ oma gn ?00:{-

    ; Qgnlynq kof io{n lh k~yynmq okkl~mq oma DAZ dyltqg ynfoq lm{g`z

    @m g`{ {nk`lm tn zylzl{n o apmoc`k clanf l {~ap gn ynfo`lm{g`z intnnm DAZ

    dyltg oma yoan iofomkn l DAZ yo`l{- Qg`{ gnlyn`kof clanf `{ foydnfp hly anxnflzna

    kl~my`n{ i~ ` zylx`an{ gn hyocntlye hly gn ynfo`lm{g`z intnnm yoan iofomkn oma

    DAZ dyltg yon{ tgnm ani#DAZ yo`l `{ klm{om-

    Tn klm{`any o {coff lznm nklmlcp `mgoi`na ip o ynzyn{nmo`xn odnm t`g om `mh`m`n`cn gly`rlm- Qgn nklmlcp {oy{ `m zny`la oma klm`m~n{ hlynxny- Tn mlycof`rn

    zlz~fo`lm {`rn l ~m`p- Qgn ~`f`p h~mk`lm hly `mh`m`n zny`la `{

    )^'K^') {{

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    tgnyn K{ `{ klm{~cz`lm `m zny`la { oma `{ gn a`{kl~m yon- Any`x`md gn zny`la#

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    KO 3 I%? I 3 P % yI K D # @ ';-9)

    tgnyn KO `{ k~yynm okkl~m& I `{ mn hlyn`dm o{{n{ okk~c~fona lm zy`ly aon{& @ `{

    `mxn{cnm oma `{ nq~`xofnm l kgomdn{ `m koz`of {lke& K `{ klm{~cz`lm& D `{

    dlxnymcnm nwznma`~yn& qynhny{ l gn `cn zny`la-

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    gn mndo`xn xof~n lh gn koz`of okkl~m- Qgn k~yynm okkl~m iofomkn o{ anh`mna `m

    nq~o`lm ';-9) `{ gn kgomdn{ `m mn hlyn`dm o{{n{ zl{``lm intnnm tl zny`la{-

    @h l~z~ `{ annyc`mna ip P3 OH'E) `-n- l~z~ `{ o h~mk`lm lh koz`of E 'okk~c~fona

    lxny zynx`l~{ zny`la{) t`g O o{ gn d`xnm nkgmlfldp& gn ~`f`p h~mk`lm ohny

    {~i{`~`lm hly klm{~cz`lm `m zny`la { t`ff in

  • 8/6/2019 Relationship Between Trade Liberalization, Growth and BOP in Developing Countries_ Timothy Mahea

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    8

    U S{{?{{{?{{{

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    nq~`xofnm l gn yo`l lh gn ani l gn tlyfa coyen xof~n lh o kfo`c l gn nklmlcp{

    9

    Qg`{ `{ io{na lm gn o{{~cz`lm go gn fnmany{ t`ff ml znyc` gn `ma`x`a~of l a`n t`g ~mzo`a ani{ oma

    ` tl~fa ml in lz`cof hly `ma`x`a~of l a`{ozznoy fnox`md ~m~{na yn{l~ykn{- D`xnm gn `mh`m`n `cn

    gly`rlm& gn kl~my`n{ oyn o{{~cna l goxn gn {ocn ingox`l~y o{ `ma`x`a~of{-

  • 8/6/2019 Relationship Between Trade Liberalization, Growth and BOP in Developing Countries_ Timothy Mahea

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    4

    nm`yn h~~yn- Qgn ynfo`lm{g`z intnnm yoan iofomkn o{ o zylzly`lm l DAZ oma gn

    kl~myp{ dyltg yon `{ zl{``xn-;

    Qgnyn oyn& gltnxny& zl{{`i`f``n{ lh mndo`xn

    ynfo`lm{g`z intnnm nklmlc`k dyltg oma yoan iofomkn{- Qg`{ kom gozznm `h gn

    ingox`l~y lh l~z~ `{ mlm#{o`lmoyp-

    @h l~z~ hlfflt{ o {lkgo{`k zylkn{{

    P%?#P 3 'P# P#?) ';-0)

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    @m gn oilxn nq~o`lm znycomnm l~z~ hf~k~on{ clyn gom k~yynm l~z~ fnxnf-

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    dynony `mkyno{n `m klm{~cz`lm- Gltnxny& o zl{``xn l~z~ `mmlxo`lm `czf`n{ o k~yynm

    okkl~m anh`k`-

    Qgn lgny ko{n `{ lmn tgnyn gnyn `{ o ynma zyla~k`x`p dyltg oma o {coff anxnflz`md

    nklmlcp `{ dylt`md ho{ny gom gn tlyfa nklmlcp- @m g`{ ko{n& ani#DAZ yo`l `{

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    DAZ yo`l kl~fa `mkyno{n `h gnyn `{ o zl{``xn l~z~ {glke ly gn alcn{`k dyltg yon1

    `{ g`dgny gom go lh gn tlyfa nklmlcp- Zyla~k`x`p {glke{>

    kom lkk~y gyl~dg nyc{

    ;Qgn {flt dylt`md nklmlc`n{ oyn f`enfp l {~hhny gn ani i~yanm `m gn {gly#y~m- @m ?00?& gn {flt

    dylt`md Oydnm`mo oma M`dny`o goa nwnymof ani o{ ;-0 zny knm oma 1-7 zny knm lh DAZ yn{znk`xnfp

    tg`fn gn ho{ dylt`md Qgo`foma goa gn {ocn lh gn lyany lh :-9 zny knm- 'Li{hnfa oma Yldlhh ?004)1

    @ `{ mlt o tnff#emltm zylzl{``lm go t`g `mndyona dfliof koz`of coyen{ gnyn kom in ml`mnykl~myp a`hhnynmkn{ `m yn~ym{ l koz`of 'y`{e#oab~{na) oma o{ koz`of hflt{ l gn kl~myp tgnyn

    gn yon lh yn~ym `{ g`dgny gn kyl{{#kl~myp a`hhnynmkn{ `m coyd`mof zyla~k{ lh koz`of tl~fa a`{ozznoy

    fnoa`md l klmxnydnmkn lh l~z~ zny tlyeny- Qg`{ zylzl{``lm to{ ncz`y`koffp n{na oma o zfo~{`ifn

    klmkf~{`lm l ayot hylc gn anion `{ go gnyn `{ klmxnydnmkn `m l~z~ zny tlyeny i~ ` go{ innmxnyp {flt-

    >@m gn ynzyn{nmo`xn odnm clanf& gn g`dgny zyla~k`x`p dyltg t`ff nma l tnoenm gn k~yynm

    okkl~m o{ znlzfn tl~fa ilyylt laop odo`m{ gn g`dgny h~~yn `mklcn- @m gn lxnyfozz`md dnmnyo`lm{

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    7

    lh yoan {glke{ oma of{l gyl~dg f`inyof`ro`lm zlf`kp `m o anxnflz`md nklmlcp- O

    nczlyoyp anny`lyo`lm `m nyc{ lh yoan kom ko~{n o k~yynm okkl~m anh`k`& tgnyno{ o

    znycomnm anny`lyo`lm tl~fa ko~{n om `ccna`on {g`h l gn mnt fltny klm{~cz`lm

    fnxnf klm{`{nm t`g nwnymof iofomkn-

    @h tn o{{~cn go gn tlyfa ynof yon lh `mnyn{ `{ ml klm{om i~ `{ nq~of l gn dyltg

    yon `m anxnflzna nklmlc`n{ gnm tn goxn o clanf nq~o`lm hly yoan iofomkn l DAZ

    yo`l tgnyn KO3I{%?I{ 3 yI{ % QI{ oma gn yo`l lh k~yynm okkl~m l DAZ `{

    nq~`xofnm l QI,DAZ%yI,DAZ 3 H'DAZ dyltg& Zyla~k`x`p {glke{)- O{ zyla~k`x`p

    {glke{ oyn a~n l nyc{ lh yoan kgomdn{& dyltg `m gn anxnflzna tlyfa oma

    f`inyof`ro`lm ynd`cn{& tn ~{n gn{n o{ annyc`mom{ lh zyla~k`x`p {glke{ `m yoan

    iofomkn l DAZ yo`l{-

    QI,DAZ 3 H 'DAZ dyltg& Qnyc{ lh Qyoan& Dyltg `m @ma~{y`of Kl~my`n{&

    F`inyof`ro`lm) ';-??)-

    Tn goxn g~{ lio`mna o ynfo`lm{g`z tg`kg kom in n{`cona hylc gn oxo`foifn {oczfn

    lh aoo- Of{l& ~many {lkgo{`k hyocntlye tgnm l~z~ hlfflt{ o mlm#{o`lmoyp zog gn

    ynfo`lm{g`z intnnm yoan iofomkn oma l~z~ dyltg inklcn{ mndo`xn- F`inyof`{o`lm

    kl~fa `myla~kn mlm#{o`lmoy`p `m l~z~ ingox`l~y tg`kg tn ~mhly~monfp kl~fa ml

    `mxn{`don t`g cnynfp ;: li{nyxo`lm{ hly nokg kl~myp oma `m {lcn ko{n{ ` `{ nxnm

    fn{{- Clynlxny& f`inyof`ro`lm kl~fa iy`md {y~k~yof kgomdn oma nxnm tgnm ~m` yll

    gpzlgn{`{ to{ ml ynbnkna ` kl~fa in a~n l gn f`inyof`ro`lm fnoa`md l nklmlcp t`an

    kgomdn{ oma ynznyk~{{`lm{- Gnmkn tn goxn ml ~{na ~m` yll n{{ l a`{klxny mlm#

    {o`lmoy`p `m l~z~ ingox`l~y-

    Hly k~yynm okkl~m l DAZ znyknmodn{& tn ~{n gn tlyfa `mnyn{ yon go `{ annyc`mna

    ip gn dyltg yon `m anxnflzna kl~my`n{- [l& l~y n{`co`md nq~o`lm hly KO,DAZ `{2

    KO,DAZ3H 'Tlyfa @mnyn{ Yon& DAZ dyltg& Qnyc{ lh Qyoan& F`inyof`ro`lm) ';-?9)

    oma gn Tlyfa @mnyn{ yon `{ annyc`mna ip gn dyltg yon `m anxnflzna nklmlc`n{-

    clanf& gn zyla~k`x`p dyltg kl~fa yo`{n gn foil~y `mklcn lh pl~md tlyeny{ i~ aln{ ml ohhnk gn

    todn `mklcn{ lh gn lfany tlyeny{- O{ pl~md {oxny{ t`ff kl~m clyn gnox`fp `m oddyndon {ox`md gom

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    @m gn oilxn ynfo`lm{g`z{& tn nwznk `mnyok`lm{ intnnm f`inyof`ro`lm oma DAZ dyltg

    oma f`inyof`ro`lm oma nyc{ lh yoan- Qgn coyd`mof nhhnk lh DAZ dyltg lm QI,DAZ

    t`ff in mndo`xn 'ly zl{``xn okklya`md l lmn x`nt) o{ anxnflz`md kl~my`n{ oyn f`enfp l

    dylt ho{ny gom anxnflzna kl~my`n{ oma gn`y `czly zylznm{`p t`ff in g`dgny gom

    nwzly zylznm{`p `m gn {gly#y~m- Clynlxny& gn coyd`mof `czok lh gn nyc{ lh yoan

    t`ff in zl{``xn o{ o hoxl~yoifn kgomdn `m gn nyc{ lh yoan lh anxnflz`md nklmlc`n{ t`ff

    fnoa l om `czylxncnm `m QI,DAZ yo`l- Qgn g`dgny dyltg `m anxnflzna nklmlc`n{

    t`ff `czylxn gn yoan iofomkn l DAZ yo`l o{ gn anxnflz`md kl~my`n{ oyn f`enfp l

    nwzly clyn l gn anxnflzna tlyfa '{`mkn dyltg `m gn `ma~{y`of`rna tlyfa kynon{

    ancoma hly klccla``n{ oma yot#cony`of{ `mkf~a`md `mnycna`on zyla~k{)-

    1 Qyoan iofomkn oma dyltqg ynfoq`lm{g`z{& {qy~kq~yof kgomdn oma Apmoc`k Zomnf

    Clanf{

    Tn n{`cona o apmoc`k clanf t`g lmn oma tl fod{ oma zynhnyna gn clanf t`g lmn

    fod- Off nq~o`lm{ tnyn n{`cona ip Dnmnyof {na Cngla lh Clcnm{- Inhlyn gn{n

    clanf{ tnyn n{`cona tn klm{`anyna {o`k zomnf aoo clanf{ 't`gl~ fod{) oma

    lio`mna n{`con{ hylc h`wna nhhnk{ oma yomalc nhhnk{ clanf{8- Tn ty`n gn nq~o`lm

    hly o apmoc`k clanf `m gn hlfflt`md hlyc2

    `qq``q`q`q`q ppp %%%%%3 IW99?? ` 3 ?& 9-19& q3 ?&9&-;? '1-?)

    p`q `{ gn yoan iofomkn ly k~yynm okkl~m l DAZ `m znyknmodn{& W`q `{ o {n lh

    nwzfomolyp xoy`oifn{ mocnfp f`inyof`ro`lm& dyltg `m ynof DAZ& z~ykgo{`md zltny lh

    nwzly{ 'nyc{ lh yoan)& oma `mnyok`lm{ lh f`inyof`{o`lm t`g z~ykgo{`md zltny lh

    nwzly{ oma lh f`inyof`{o`lm t`g gn dyltg yon `m ynof DAZ `m anxnflz`md oma

    anxnflzna nklmlc`n{- q `{ gn nhhnk{ lh `cn ly pnoy a~cc`n{ oma cop in ynzyn{nmna

    o{ kpkf`kof `czok{ lm yoan iofomkn l DAZ znyknmodn{- Tgnm gn anznmanm xoy`oifn `{

    lfa a`{{oxny{& {ox`md t`ff nma l y`{n oma gn k~yynm okkl~m l `czylxn- 'Li{hnfa ?00>)-

    8Yn{~f{ lh gn{n kom in lio`mna hylc gn o~gly- Qgn{n clanf{ ~{`md zomnf aoo omofp{`{ a`hhny okklya`md

    l tgngny gnp yno `mnyknz zoyocnny{ o{ yomalc ly h`wna okyl{{ gn {oczfn- Qgn n{`coly{ `m gn

    yomalc nhhnk{ clanf oyn gn dnmnyof`rna fno{ {q~oyn{ n{`coly{& oma gnp klci`mn gn t`g`m oma

    intnnm kl~myp n{`coly{ ~{`md gn klyyn{zlma`md yn{`a~of xoy`omkn{ o{ tn`dg{- Hly nfncnmoyp zomnf

    aoo nkgm`q~n{ {nn Blgm{lm '?008)- Hly {znk`of ynocnm lh zomnf aoo clanf{& {nn Iofod` '?00>) oma

    Tllfay`adn '9::9)-

  • 8/6/2019 Relationship Between Trade Liberalization, Growth and BOP in Developing Countries_ Timothy Mahea

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    ?:

    k~yynm okkl~m l DAZ znyknmodn{& tn ~{n gn ani ynfona xoy`oifn{ mocnfp ani

    {nyx`kn l zopcnm{ yo`l{& omm~of dyltg `m okk~c~fona flmd#nyc ani oma znyknmodn

    kgomdn `m tlyfa `mnyn{ yon{4-

    Tn nwznk gn {`dm lh gn klnhh`k`nm{ l in zl{``xn t`g yn{znk l z~ykgo{`md zltny lh

    nwzly{ oma dyltg `m anxnflzna nklmlc`n{ tg`fn tn nwznk mndo`xn {`dm t`g yn{znk

    l dyltg `m ynof DAZ oma l`f zy kn{- Qtl#pnoy fod{ oyn ~{na lm gn o{{~cz`lm go fod{

    oyn ml f`enfp l in flmdny-

    Nxnm `hp`q#? oma q oyn ml klyynfona& oma qaln{ ml ozzylokg `mh`m`p 'q3;? `m l~y ko{n)

    gnm n{`co`lm ip h`wna nhhnk{ ly yomalc nhhnk{ `{ ml klm{`{nm nxnm `hm 'm~ciny lh

    kl~my`n{) dln{ l `mh`m`p- Oynffoml oma Ilma '?00?) {~ddn{ om ofnymo`xn zylkna~yn

    go klyynk{ ml lmfp hly gn i`o{ `myla~kna ip gn foddna nmaldnml~{ xoy`oifn& i~ of{l

    znyc`{ o andynn lh nmaldnmn`p `m gn lgny yndyn{{ly{ '{~kg o{ Dyltg xoy`oifn lm gn

    y`dg goma {`an xoy`oifn o{ o {~i{n lhW coy`w)- Qgn Dnmnyof`rna Cngla lh Clcnm{

    N{`coly h`y{ a`hhnynmkn{ nokg xoy`oifn oma gnm ~{n{ gn foddna xof~n{ lh nokg lh gn

    xoy`oifn{ o{ `m{y~cnm{- [znk`h`koffp&

    `q`q`q`q`q ppp %%%3 IW99?? '1-9)

    Qgn h`y{ gynn li{nyxo`lm{ oyn fl{ a~n l fod{ oma a`hhnynmk`md- O{{~c`md go qoyn ml

    o~lklyynfona hly nokg ` o q31& p`? oma p`9 oyn xof`a `m{y~cnm{ hly foddna xoy`oifn{-

    [`c`foyfp& o q3>& p`?& p`9 oma p`; oyn xof`a `m{y~cnm{- Tn g~{ n{`con gn apmoc`k

    clanf ~{`md gn oilxn zylkna~yn-7

    4

    Tn nwznk gn k~yynm okkl~m l anny`lyon t`g om `mkyno{n `m ani& `mkyno{n `m {nyx`kn zopcnm{ oma om`mkyno{n `m tlyfa `mnyn{ yon{- Nwznkna {`dm{ oyn mndo`xn t`g yn{znk l nokg lmn lh gnc-

    7Clmn Koyfl {`c~fo`lm go{ {gltm go hly zomnf{ t`g q3> ly 8& gn i`o{ lh gn klnhh`k`nm{ lh foddna

    anznmanm xoy`oifn kom in {`dm`h`kom& ofgl~dg gn i`o{ hly gn klnhh`k`nm{ lm lgny y`dg goma {`an

    xoy`oifn{ nma{ l in c`mly-

  • 8/6/2019 Relationship Between Trade Liberalization, Growth and BOP in Developing Countries_ Timothy Mahea

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    ??

    Yn{~fq{ lh Oynffoml#Ilma N{q`coq`lm lm qgn Tglfn [oczfn hly qgn Nmq`yn zny`la oma

    {~i#Zny`la{

    @m Qoifn{ 9O& 9I oma 9K& gn yn{~f{ lh apmoc`k clanf{ oyn zyn{nmna hly gn zny`la

    ?07:#?000 ~{`md o {oczfn aoo lh 19 kl~my`n{- Qgn zomnf `{ ~miofomkna o{ tn al ml

    goxn aoo hly off gn pnoy{ hly off kl~my`n{- Aoo hly noyf`ny zny`la tnyn ml klm{`{nmfp

    oxo`foifn oma gnmkn tn goxn nwkf~ana zny`la ?04: l ?040- L~y {~ap `{ lxny gn zny`la

    ?07:#?000- H`y{ a hhnynmkn{ ynclxn gn h`wna nhhnk{ oma d`xnm gn apmoc`k{& tn

    `myla~kn foddna nhhnk{ lm kgomdn{ `m QIDAZ? oma KODAZ? `m yn{znk`xn yoan

    iofomkn oma k~yynm okkl~m nq~o`lm{- Tn {lcn`cn{& h`ma go ilg dyltg oma foddna

    dyltg nhhnk{ oyn mndo`xn lm yoan iofomkn- 'Qoifn 9K)- Qg`{ of{l klmh`yc{ go gn

    ho{ny alcn{`k dyltg nhhnk{ yoan iofomkn oaxny{nfp- F`inyof`{o`lm `mkyno{n{ k~yynm

    okkl~m anh`k`{ o{ `m Qoifn 9O- Lxnyoff f`inyof`{o`lm anny`lyon{ yoan anh`k`{ i~ `{

    nhhnk{ klcn gyl~dg nyc{ lh yoan `mnyok`lm t`g f`inyof`{o`lm- @m Qoifn 9O&

    f`inyof`{o`lm `{ ~{na o{ o a~ccp oma of{l o {flzn a~ccp tgnyn ` `{ `mnyok`md t`g

    `mklcn nyc{ lh yoan- Qg`{ cnom{ go f`inyof`{o`lm ohhnk{ nyc{ lh yoan oma gn nyc{

    lh yoan t`g f`inyof`{o`lm go{ o mndo`xn `czok lm yoan iofomkn- @m Qoifn 9I& l~y

    yn{~f{ `ma`kon go f`inyof`{o`lm lm `{ ltm go{ o mndo`xn `czok ofgl~dg gn

    klnhh`k`nm `{ ml {`dm`h`kom- Dyltg `m anxnflzna tlyfa nma{ l `czylxn yoan iofomkn

    `m anxnflz`md kl~my`n{ tg`fn ` nma{ l tly{nm k~yynm okkl~m iofomkn okklya`md l

    yn{~f{ lh Qoifn 9I- @m Qoifn{ 9I oma 9K `cn a~cc`n{ oyn ~{na tg`fn Qoifn 9O aln{ ml

    ~{n `cn a~cc`n{- Q`cn a~cc`n{ `ma`kon go gnyn oyn o~lmlcl~{ nhhnk{ oma {~kg

    nhhnk{ kl~fa in klyynfona t`g kl~myp#`mxoy`om oaxomkna kl~my`n{ dyltg yon{- Qgn

    nyc{ lh yoan goxn {`dm`h`kom zl{``xn nhhnk{ lm yoan iofomkn i~ `mnyok`lm t`g

    f`inyof`{o`lm xoy`oifn go{ mndo`xn nhhnk- 'Qoifn 9O)-

    >- Ynd`lmof Omofp{`{ oma [~i#Zny`la Clanf{

    @ c`dg in tlygtg`fn l flle o gn yn{~f{ ip ynd`lm{ oma ip {~i#zny`la{- @{ gnyn omp

    nx`anmkn lh kgomdn `m gn ynfo`lm{g`z intnnm yoan iofomkn oma nklmlc`k dyltg

    intnnm a`hhnynm {~i#zny`la{< L~y ^MKQOA '?000) {~ap anclm{yona go gn

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    ?9

    ynfo`lm{g`z intnnm yoan iofomkn oma DAZ dyltg kl~fa goxn kgomdna hylc lmn ankoan

    l gn mnw- @m lyany l {~ap g`{ o{znk tn {goff nwoc`mn gn n{`con{ lh gn zny`la{

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    zny`la{- @ `{ gn n{`co`lm io{na lm zomnf aoo oma tn ~{n gn If~manff#Ilma '?007)

    apmoc`k zomnf n{`coly- Tn mlt al ml n{`con k~yynm iofomkn l DAZ nq~o`lm- Off

    yn{~f{ ynhny l QIDAZ? oma gnp oyn lio`mna ~{`md [p{nc DCC oma nq~o`lm DCC

    o{ gnp oyn nwzfo`mna `m Ilma '9:::)- Qgn{n yn{~f{ oyn zyn{nmna `m Qoifn{ ;O oma ;I-

    Qnyc{ lh yoan goxn {`dm`h`kom nhhnk{ lm yoan iofomkn a~y`md ?07:#70 zny`la t`g gn

    tl {nz {p{nc DCC- Dyltg xoy`oifn aln{ ml goxn {`dm`h`kom ynfo`lm{g`z t`g

    QIDAZ? oma g`{ cnom{ go ofgl~dg gn ynfo`lm{g`z `{ mndo`xn& ` aln{ ml goxn

    goych~f nhhnk{ lm yoan iofomkn- 'Qoifn ;O) F`inyof`{o`lm lm `{ ltm aln{ ml goxn

    {`dm`h`kom `czok lm QIDAZ? a~y`md ?07:#70 zny`la- Qgnyn {nnc{ l in {`dm`h`kom

    nx`anmkn go gn ynfo`lm{g`z intnnm yoan iofomkn oma DAZ dyltg `{ mndo`xn `m

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    klnhh`k`nm hly gn ?00:#9::: zny`la oma om `mkyno{n `m f`inyof`ro`lm cop fnoa l ?-0>

    znyknmodn zl`m ankf`mn `m yoan iofomkn- Hly gn h`y{ zny`la& oaxomkna kl~my`n{ dyltg

    go{ o {`dm`h`kom ylfn l zfop `m `czylx`md yoan iofomkn- Lxnyoff& tn h`ma go gn

    ynfo`lm{g`z `{ a`hhnynm intnnm tl zny`la{ oma l~y gpzlgn{`{ oil~ f`inyof`ro`lm0

    oma

    0

    Tn ~{na lgny xoy`o`lm{ lh gn nq~o`lm{ hly K~yynm okkl~m oma Qyoan iofomknxoy`oifn{- Dyltg to{ mnxny {`dm`h`komfp ynfona l yoan iofomkn ly k~yynm okkl~m `m

    gn h`y{ zny`la- F`inyof`{o`lm go{ yna~kna ilg yoan okkl~m oma k~yynm okkl~m

    iofomkn{ `m Ohy`ko `m gn zny`la ?00:#9:::- Qgn alc`mom mndo`xn nhhnk lm yoaniofomkn klcn{ hylc `{ `mnyok`lm{ t`g nyc{ lh yoan- F`inyof`{o`lm cop anny`lyon

  • 8/6/2019 Relationship Between Trade Liberalization, Growth and BOP in Developing Countries_ Timothy Mahea

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    ?;

    alcn{`k dyltg ilg gox`md anny`lyo`md `czok{ lm yoan iofomkn `m gn ?00:#9:::

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  • 8/6/2019 Relationship Between Trade Liberalization, Growth and BOP in Developing Countries_ Timothy Mahea

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    ?1

    8- [~ccoyp oma Klmkf~{`lm2

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    zyla~k{ ncnyd`md hylc anxnflz`md nklmlc`n{-

  • 8/6/2019 Relationship Between Trade Liberalization, Growth and BOP in Developing Countries_ Timothy Mahea

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    ?>

    Ynhnynmkn{

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  • 8/6/2019 Relationship Between Trade Liberalization, Growth and BOP in Developing Countries_ Timothy Mahea

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  • 8/6/2019 Relationship Between Trade Liberalization, Growth and BOP in Developing Countries_ Timothy Mahea

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    Qoifn 9O

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  • 8/6/2019 Relationship Between Trade Liberalization, Growth and BOP in Developing Countries_ Timothy Mahea

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    ?7

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    ZZ@ :-::>7""" ;-81 :-::91 ?-8?

    F@INY #:->78: #?-;0 #:-94:> #:-40

    OAXDY :-:?8? :-8? #:->8>>"" #9-97

    F@IDYLTQG #:-::89 #:-?7

    ANIQ[Y ?-1947 :-0:

    DFQALF :-::>; :-44

    K@MQNYN[Q :-:8?7"" 9-;?KLM[QOMQ ?-889>"" 9-;;

    H`y{ Lyany OK #7-7:':-:::) #;-4>':-:::9)

    [nklma Lyany

    OK

    ?-80':-:0:8) :-49 ':-1874)

    Tofa 9 807-84 '99AH) ?141-4: '9;AH)M~ciny lh Li{ >;4 809

    [oydom Qn{ 9 ;99-08':-:::)Pnoy A~cc`n{ ~{na-"""[`dm`h`kom o ?. fnxnf& ""[`dmh`kom o >. fnxnf& "[`dm`h`kom o ?:. fnxnf

  • 8/6/2019 Relationship Between Trade Liberalization, Growth and BOP in Developing Countries_ Timothy Mahea

    23/28

    ?0

    Qoifn 9K

    Yndyn{{`lm Klnhh`k`nm{& R#{o`{`k lh Oyoffnml#Ilma Apmoc`k Zomnf N{`co`lm ?07:#00

    '19 kl~mqy`n{ ^miofomkna Zomnf) T@QG Q@CN A^CC@N[

    QIDAZ? KODAZ?

    Mocn lh gn

    Xoy`oifn

    Klnhh`k`nm R#{o`{`k Klnhh`k`nm R#{o`{`k

    QIDAZ'#?) :-4:97""" 8-?8

    KODAZ'#?) :-11;8""" 4-09

    DYLTQG #:-:;8: #?-;9 #:-:?9; #:-81

    DYLTQG'#?) #:-:;;>"" #9-9; :-::;0 :-1>

    ZZ@ :-:?1?"" 9-40 :-::49"" 9-;7

    F@INY :-4?70 ?-?: :-1019 ?-:7

    F@IZZ@ #:-::>;" #?-40

    OAXDY :-:>80"" 9-?4 :-:988 ?-;?

    OAXDY'#?) #:-?:7; #;-8? #:-:4;;""" #;-:7

    F@IDYLTQG

    ANIQ[Y ?-9:?> :-40DFQALF :-::89 :-0>

    K@MQNYN[Q :-::9> :-71

    KLM[QOMQ :-:;>? :->; :-?;?>"" 9-99

    H`y{ Lyany OK #;-?: ':-::?0) #;-79 ':-:::?)

    [nklma Lyany

    OK

    ?-:4 ':-971>) :-4? ':-17)

    Tofa 9 ;>0-:; '9; AH) ;:9>->9 '9>AH)

    M~ciny lh Li{ >;4 809

    [oydom Qn{ 9

    Pnoy A~cc`n{ ~{na-

    """[`dm`h`kom o ?. fnxnf& ""[`dmh`kom o >. fnxnf& "[`dm`h`kom o ?:. fnxnf

  • 8/6/2019 Relationship Between Trade Liberalization, Growth and BOP in Developing Countries_ Timothy Mahea

    24/28

    9:

    Qoifn ;O

    If~manff#Ilma Apmoc`k Zomnf N{`coly{ t`g [p{nc DCC oma A`hhnynmkn DCC hlyQIDAZ? lh 19 Kl~my`n{& ?07:#?070

    [p{nc DCC A@HH#DCC

    Mocn lh gn

    Xoy`oifn

    Klnhh`k`nm #{o`{`k Klnhh`k`nm #{o`{`k

    QIDAZ'#?) :-0?94""" 9:-10 :-4:?4""" ;-1?

    DYLTQG #:-:1:: #?->9 #:-:98; #?-91

    ZZ@ :-:?:0""" 9-?9 :-::0; ?-;4

    OAXDY :-:444 ?-8? :-??:? ;-97

    F@INY #?-9:?9 #?-9: #:-7947 #:-70

    Pnoy7? #:-;9:4 #:-1? :-?:1> ?-?9

    Pnoy79 ?-;;7? ?-88 ?-8?89""" ;-9:

    Pnoy71 :-?;18 :-;8 :-;;1? :-71

    Pnoy7> :-1?:; :-09 :-7?88"" 9-:;

    Pnoy78 :->408 :-0: ?-9;>>""" ;-;;

    Pnoy77 #:-8;?: #?-4>" #:-19>> #?-97Pnoy70 :-9:>> :-10 :-?748 :-14

    Klm{om #?-:1?? #?->7 ######

    OY'?) #9-48':-::8)""" #9-;? ':-:9?)"""

    OY'9) ?-:>':-901) ?-:0 ':-941)

    Gom{nm Qn{ 9'?:?)398-74'?-::) 9'08)39;-87'?-::)Ml- lh Li{- ;:? 9>0

    """ [`dm`h`kom o ?. fnxnf5 ""[`dm`h`kom o >. fnxnf& "[`dm`h`kom o ?:. fnxnf

    Mln{2

    ?- Pnoy a~cc`n{ oyn `mkf~ana `m gn {nklma zny`la oma o{ gnp tnyn `m{`dm`h`kom `mgn h`y{ zny`la& gnp tnyn nwkf~ana-

    9- O{pczl`k {omaoya nyyly{& o{pczl`koffp yli~{ l gnnyl{knao{`k`p oynynzlyna `m zoynmgn{n{-

    ;- H`y{ lyany OK oma {nklma lyany OK oyn n{{ lh h`y{#lyany oma {nklma#lyany {ny`ofklyynfo`lm `m gn h`y{ a`hhnynmkna yn{`a~of{& o{pczl`koffp a`{y`i~na o{ M':&?)

    ~many gn m~ff lh ml {ny`of klyynfo`lm-

    1- [oydom `{ o n{ lh lxny#`anm`hp`md yn{y`k`lm{& o{pczl`koffp a`{y`i~na o{ 9

    ~many gn m~ff lh `m{y~cnm xof`a`p& t`g andynn{ lh hynnalc ynzlyna `m

    zoynmgn{n{->- Qgn `m{y~cnm{ ~{na `m nokg nq~o`lm oyn2 DCC 'A@H)# QIDAZ`#9-QIDAZ`?&

    DYLTQG`#?-DYLTQG`?& ZZ@`#?--ZZ@`? oma OAXDY#?--OAXDY?

  • 8/6/2019 Relationship Between Trade Liberalization, Growth and BOP in Developing Countries_ Timothy Mahea

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    9?

    Qoifn ;I

    If~manff#Ilma Apmoc`k Zomnf N{q`coqly{ t`qg [p{qnc DCC oma A`hhnynmkn DCC

    hly QIDAZ? lh 19 Kl~mqy`n{& ?00:#9:::

    [p{nc DCC A@HH#DCC

    Mocn lh gn

    Xoy`oifn

    Klnhh`k`nm #{o`{`k Klnhh`k`nm #{o`{`k

    QIDAZ'#?) :-01;0""" ?;-07 :->:?8""" >-;7

    DYLTQG #:-:789" #?-49 #:-?9?1""" #9-88

    DYLTQG'#?) #:-:19; #:-79 #:-?:??""" #;-4:

    ZZ@ :-::>;""" ;-?4 :-::87"" 9-;8

    OAXDY :-::>1 :-?4 #:-:974 #?-97

    F@INY #?-9119 #?-?; #?-?;9> #?->>

    Pnoy9 #:-;9:4 #:-1? #:-?1:> ?-;0

    Pnoy; ?-;;7? ?-88 #:-90>: #:-41

    Pnoy1 :-?;18 :-;8 #:-;4:7 #?-97

    Pnoy> :-1?:; :-09 :->>07" ?-4>

    Pnoy8 :->408 :-0:Pnoy4 :-;987 :-0>

    Pnoy7 #:-8;?: #?-4>"

    Pnoy0 :-9:>> :-10 :-:80> :-99

    Pnoy?: #:-??41 #:-9: :-:08> :-9?

    Klm{om #?-:1?? #?->7 ######

    OY'?) #9-48':-::8)""" #9->0 ':-:?)"""

    OY'9) ?-:>':-901) #?-:>':-90;)

    Gom{nm Qn{ 9'?:?)398-74'?-::)

    9'??9)3?0->1'?-::)

    Ml- lh Li{n ;:? 998

    """ [`dm`h`kom o ?. fnxnf5 ""[`dm`h`kom o >. fnxnf& "[`dm`h`kom o ?:. fnxnf

    Mlqn{2

    ?- Pnoy a~cc`n{ oyn `mkf~ana `m gn {nklma zny`la oma o{ gnp tnyn `m{`dm`h`kom `mgn h`y{ zny`la& gnp tnyn nwkf~ana-

    9- O{pczl`k {omaoya nyyly{& o{pczl`koffp yli~{ l gnnyl{knao{`k`p oynynzlyna `m zoynmgn{n{-

    ;- H`y{ lyany OK oma {nklma lyany OK oyn n{{ lh h`y{#lyany oma {nklma#lyany {ny`ofklyynfo`lm `m gn h`y{ a`hhnynmkna yn{`a~of{& o{pczl`koffp a`{y`i~na o{ M':&?)~many gn m~ff lh ml {ny`of klyynfo`lm-

    1- [oydom `{ o n{ lh lxny#`anm`hp`md yn{y`k`lm{& o{pczl`koffp a`{y`i~na o{ 9

    ~many gn m~ff lh `m{y~cnm xof`a`p& t`g andynn{ lh hynnalc ynzlyna `m

    zoynmgn{n{-

    >- Qgn `m{y~cnm{ ~{na `m nokg nq~o`lm oyn2 DCC 'A@H)# QIDAZ?`9-QIDAZ?`?&DYLTQG`#9-DYLTQG`?& ZZ@`#?--ZZ@`? oma OAXDY#?--OAXDY?- @m{p{nc#DCC& gn oilxn `m{y~cnm{ oyn ~{na `m gn a`hhnynmkna nq~o`lm{ oma

    QIDAZ?`#?&DYLTQG`#?&OAXDY#?& oma ZZ@`#?

  • 8/6/2019 Relationship Between Trade Liberalization, Growth and BOP in Developing Countries_ Timothy Mahea

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    99

    Qoifn 1

    Yndyn{{`lm Klnhh`k`nmq{& q#{qoq`{q`k lh Ilma#If~manff Apmoc`k Zomnf N{q`coq`lm

    ?07:#9:::2 OHY@KO2 T`qg lyT`qgl~q Q`cn A~cc`n{QIDAZ?2?07:#70 QIDAZ? ?00:#9:::Lmn [nz A@H#DCC Lmn [nz A@H#DCC

    Mocn lh gnXoy`oifn

    Klnhh`k`nm #{o`{`k Klnhh`k`nm #{o`{`k

    QIDAZ'#?) :-;101""" ;-09 :-90:;" ?-4;

    DYLTQG #:-::4; #:-98 #:-:4?7 #?->9

    DYLTQG '#?) #:-:??> #:-19 #:-??97"" #9-;?

    ZZ@ :-:?48"" 9->4 #:-:::1 #:-?9

    F@INY #:-;949 #:-8: #?-010:"" #9-19

    OAXDY :-:4?8"" 9-:8 :-:9>; :->8

    Pnoy 09 #?-;88>"" #9-9:

    Pnoy 0; #?-8;>?"" #9-44

    Pnoy 01 #:-;0:; #:-88

    Pnoy 08 #:-?;04 #:-?4

    Pnoy 04 #:-??;0 #:-?4

    Pnoy 07 #?-:4>>" #?-4:

    Pnoy 00 :-91;? :-;8

    KLM[QOMQ #### #### ###### #####

    H`y{ Lyany OK #9-09 ':-::1) #?-1: ':-?89)

    [nklma LyanyOK

    #?-?9 ':-98) #:-?8 ':-74?)

    M~ciny lh Li{ 44 ;>

    [oydom Qn{ 9 48-87':-??>) 18-70

    """[`dm`h`komq oq ?. fnxnf& ""[`dm`h`komq oq >. fnxnf oma " [`dm`h`komq oq ?:. fnxnf

    Mln{2

    8- Pnoy a~cc`n{ oyn `mkf~ana `m gn {nklma zny`la oma o{ gnp tnyn `m{`dm`h`kom `mgn h`y{ zny`la& gnp tnyn nwkf~ana-

    4- O{pczl`k {omaoya nyyly{& o{pczl`koffp yli~{ l gnnyl{knao{`k`p oynynzlyna `m zoynmgn{n{-

    7- H`y{ lyany OK oma {nklma lyany OK oyn n{{ lh h`y{#lyany oma {nklma#lyany {ny`ofklyynfo`lm `m gn h`y{ a`hhnynmkna yn{`a~of{& o{pczl`koffp a`{y`i~na o{ M':&?)

    ~many gn m~ff lh ml {ny`of klyynfo`lm-

    0- [oydom `{ o n{ lh lxny#`anm`hp`md yn{y`k`lm{& o{pczl`koffp a`{y`i~na o{ 9

    ~many gn m~ff lh `m{y~cnm xof`a`p& t`g andynn{ lh hynnalc ynzlyna `mzoynmgn{n{-

    ?:-Qgn `m{y~cnm{ ~{na `m nokg nq~o`lm oyn2 DCC 'A@H)# QIDAZ`#9-QIDAZ`?&DYLTQG`#9-DYLTQG`?& ZZ@`#?--ZZ@`? oma OAXDY#?--OAXDY?

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    9;

    Qoifn > 2 Yndyn{{`lm Klnhh`k`nmq{& q#{qoq`{q`k Ilma#If~manff Apmoc`k Zomnf

    N{q`coq`lm2 OHY@KO oma Foq`m Ocny`ko hly ?07:#9:::

    OHY@KO FOQ@M OCNY@KO

    Mocn lh gn

    Xoy`oifn

    Klnhh`k`nm #{o`{`k Klnhh`k`nm #{o`{`k

    QIDAZ'#?) :-8:88""" 0-;1 :-8480""" 8-::

    DYLTQG :-:?:> :-19

    DYLTQG'#?) #:-::;; #:-?1 #:-:4::""" #1-??

    ZZ@ :-::;7 :-00 :-::89""" ;-;?

    F@INY #:-19;0 #:-44 #:-:4?4 #:-94

    OAXDY :-??7>"" 9-;7 :-:97>" ?-4?

    Pnoy ; ?-0747""" ;-40

    Pnoy 1 ?-9:0:"" 9-0;

    Pnoy > ?-0;?8"" 9-7?

    Pnoy 8 ?-84?:""" ;-19

    Pnoy 4 ?-4>9?""" ;-0:Pnoy 7 ?-?8>1"" 9-9>

    Pnoy 0 ?-8>?1""" 1-90

    Pnoy ?: :-7;:;"" 9-87

    Pnoy ?;o

    #?-171:"" #?-04

    KLM[QOMQ :-::77 :-?>

    H y{ Lyany OK #1-;8 ':-:::)

    [nklma Lyany

    OK

    ?-?1 ':-9>>)

    M~ciny lh Li{ ?;0

    [oydom Qn{ 9 ?;?-9; ':-:81)

    oLmfp {`dm`h`komq pnoy nhhnkq{ oyn ynzlyqna """[`dm`h`komq oq ?. fnxnf& ""[`dm`h`komq

    oq >. fnxnf& "[`dm`h`komq oq ?:. fnxnf

    Mlqn{2

    ?-Pnoy a~cc`n{ oyn `mkf~ana `m gn {nklma zny`la oma o{ gnp tnyn `m{`dm`h`kom `mgn h`y{ zny`la& gnp tnyn nwkf~ana-

    9-O{pczl`k {omaoya nyyly{& o{pczl`koffp yli~{ l gnnyl{knao{`k`p oyn ynzlyna

    `m zoynmgn{n{-;-H`y{ lyany OK oma {nklma lyany OK oyn n{{ lh h`y{#lyany oma {nklma#lyany {ny`of

    klyynfo`lm `m gn h`y{ a`hhnynmkna yn{`a~of{& o{pczl`koffp a`{y`i~na o{ M':&?)

    ~many gn m~ff lh ml {ny`of klyynfo`lm-

    1-[oydom `{ o n{ lh lxny#`anm`hp`md yn{y`k`lm{& o{pczl`koffp a`{y`i~na o{ 9~many gn m~ff lh `m{y~cnm xof`a`p& t`g andynn{ lh hynnalc ynzlyna `m zoynmgn{n{-

    >-Qgn `m{y~cnm{ ~{na `m nokg nq~o`lm oyn2 DCC 'A@H)# QIDAZ`#9-QIDAZ`?&DYLTQG`#9-DYLTQG`?& ZZ@`#?--ZZ@`? oma OAXDY#?--OAXDY?

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    Qoifn 8

    Yndyn{{`lm Klnhh`k`nmq{& q#{qoq`{q`k Ilma#If~manff Apmoc`k Zomnf N{q`coq`lm ?07:#002 Fo`m Ocny`ko oma O{`o

    QIDAZ?2 ?07:#?0702 A@H DCC QIDAZ?2?00:#9:::2A@H DCC

    Mocn lh gn

    Xoy`oifn

    Klnhh`k`nm #{o`{`k Klnhh`k`nm #{o`{`k

    QIDAZ'#?) :-414;""" 1-0: :->:88""" 7-10

    DYLTQG #:-:>14 #?-1? #:-?840""" #;-8>

    DYLTQG'#?) #:-:;44 #?-97 #:-:0:>"" #9-89

    ZZ@ :-:?:;"" 9-:1 :-::07>""" 1-74

    F@INY #:-4:07 #?-?: :-7880 ?-99

    OAXDY :-?947""" ;-11 #:-:1:7 ?-8>

    KLM[QOMQ :-?:47 ?-;1 #:-9?>7"" #9-9?

    H`y{ Lyany OK #9-99 ':-:94) #9-18 ':-:?1)

    [nklma LyanyOK

    ?-18 ':-?1>) #:-1; ':-887)

    M~ciny lh Li{ ?79 ?44[oydom Qn{ 9 ?:-8; '?-::) ?:-;> '?-::)-"""[`dm`h`kom o ?. fnxnf& ""[`dm`h`kom o >. fnxnf& "[`dm`h`kom o ?:. fnxnfMln{2

    ?- Pnoy a~cc`n{ oyn `mkf~ana -

    9- O{pczl`k {omaoya nyyly{& o{pczl`koffp yli~{ l gnnyl{knao{`k`p oyn ynzlyna

    `m zoynmgn{n{-;- H`y{ lyany OK oma {nklma lyany OK oyn n{{ lh h`y{#lyany oma {nklma#lyany {ny`of

    klyynfo`lm `m gn h`y{ a`hhnynmkna yn{`a~of{& o{pczl`koffp a`{y`i~na o{ M':&?)

    ~many gn m~ff lh ml {ny`of klyynfo`lm-

    1- [oydom `{ o n{ lh lxny#`anm`hp`md yn{y`k`lm{& o{pczl`koffp a`{y`i~na o{ 9

    ~many gn m~ff lh `m{y~cnm xof`a`p& t`g andynn{ lh hynnalc ynzlyna `m zoynmgn{n{->- Qgn `m{y~cnm{ ~{na `m nokg nq~o`lm oyn2 DCC 'A@H)# QIDAZ `#9-QIDAZ`?&

    DYLTQG`#9-DYLTQG`?& ZZ@`#?--ZZ@`? oma OAXDY#?--OAXDY?