FREE TRADE AND GROWTH IN THE WORLD ECONOMY

PETER LLOYD

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FREE TRADE AND GROWTH IN THE WORLD ECONOMY

机译：世界经济中的自由贸易与增长

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This paper explores the relationship between free trade and the rate of economic growth. It is argued that freeing trade has both a level effect and a growth effect. Most empirical studies ignore the growth effect and, therefore, considerably understate the beneficial effects of freeing trade. Progress towards free trade in the GATTAVTO era is far from complete. Regionalism has had a limited effect on freeing trade globally. The completion of the Doha Development Round is needed to restart trade as the engine of growth.

机译：本文探讨了自由贸易与经济增长率之间的关系。有人认为，贸易自由化既有层次效应，也有增长效应。大多数经验研究都忽略了增长效应，因此大大低估了贸易自由化的有利影响。 GATTAVTO时代实现自由贸易的进展远未完成。区域主义对全球自由贸易的影响有限。需要完成多哈发展回合才能重新启动贸易，成为增长的引擎。

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来源
《The Singapore economic review》 |2011年第3期|p.291-306|共16页
作者
PETER LLOYD;
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作者单位

Department of Economics, University of Melbourne Parkville, Vw. 31010, Australia;

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FREE TRADE AND GROWTH IN THE WORLD ECONOMY

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