Trade and Economic Growth : Evidence on the Role of Complementarities for CAFTA-DR Countries

This paper examines the effects of trade on growth among Central America-Dominican Republic Free Trade Agreement countries. To accomplish this task, the authors collected a panel data set of 136 countries over 1960-2010, and estimated cross-country...

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Bibliographic Details
Main Authors:	Calderón, César, Poggioa, Virginia
Format:	Policy Research Working Paper
Language:	English
Published:	2012
Subjects:	ADVERSE EFFECT ADVERSE EFFECTS AGGREGATE LEVEL AGGREGATE VOLATILITY AGRICULTURAL PRODUCTIVITY ANNUAL GROWTH ANNUAL GROWTH RATE ASSETS BENCHMARK BOND BUSINESS OPPORTUNITIES CAPITAL GOODS CAPITAL INVESTMENT CAPITAL MARKETS CENTRAL BANK CHANGES IN TRADE COEFFICIENT ESTIMATE COMPARATIVE ADVANTAGE COMPARATIVE ADVANTAGES CONDITIONAL CONVERGENCE CONSUMER GOODS COUNTRY CHARACTERISTICS COUNTRY SPECIFIC CROSS COUNTRY CURRENCY DEBT DEBT INSTRUMENTS DEBT TO EQUITY RATIOS DEMAND ELASTICITIES DEMOCRATIC ACCOUNTABILITY DEPENDENT VARIABLE DEVELOPED COUNTRIES DEVELOPING COUNTRIES DEVELOPMENT ECONOMICS DEVELOPMENT INDICATORS DEVELOPMENT REPORT DIMINISHING RETURNS DOMESTIC CREDIT DOMESTIC PRODUCERS DYNAMIC PANEL ECONOMETRIC ANALYSIS ECONOMETRICS ECONOMIC ACTIVITY ECONOMIC DEVELOPMENT ECONOMIC GROWTH ECONOMIC IMPLICATIONS ECONOMIC INTEGRATION ECONOMIC LITERATURE ECONOMIC POLICIES ECONOMIC POLICY ECONOMIC REFORM ECONOMIC STATISTICS ECONOMIC STUDIES ECONOMIC THEORY ECONOMICS ECONOMIES OF SCALE EDUCATED PEOPLE EDUCATIONAL ATTAINMENT EMPIRICAL EVIDENCE EMPIRICAL GROWTH LITERATURE EMPIRICAL LITERATURE EMPIRICAL STUDIES EMPLOYMENT EQUATIONS ENFORCEMENT OF CONTRACTS ERROR TERM ESTIMATED COEFFICIENTS ESTIMATION METHOD ESTIMATION TECHNIQUES EXOGENOUS VARIABLES EXPLANATORY VARIABLES EXPORT MARKET EXPORTS EXTERNAL CONDITIONS FACTOR PRICE FACTOR PRICE EQUALIZATION FINANCIAL DEPTH FINANCIAL DERIVATIVES FINANCIAL DEVELOPMENT FINANCIAL FLOWS FINANCIAL INSTITUTIONS FINANCIAL MARKET FINANCIAL MARKET DEVELOPMENT FINANCIAL MARKETS FINANCIAL SECTOR FISCAL POLICIES FORECASTS FOREIGN ASSETS FOREIGN DIRECT INVESTMENT FOREIGN FIRMS FOREIGN TRADE FREE TRADE FREE TRADE AGREEMENT FREE TRADE AGREEMENTS GDP GDP PER CAPITA GLOBAL ECONOMY GLOBAL INTEGRATION GLOBALIZATION GRAVITY MODEL GROWTH DETERMINANTS GROWTH EFFECT GROWTH PERFORMANCE GROWTH RATE GROWTH RATES GROWTH REGRESSIONS HUMAN CAPITAL IMPACT OF TRADE IMPERFECT COMPETITION IMPORT TARIFFS INCOME INCOME CONVERGENCE INCOME DISTRIBUTION INCOME INEQUALITY INCOME LEVELS INCREASING RETURNS INCREASING RETURNS TO SCALE INEQUALITY DETERMINANTS INFLATION RATE INFRASTRUCTURE INVESTMENT INFRASTRUCTURE PROVISION INTERNATIONAL FINANCIAL INTEGRATION INTERNATIONAL MARKETS INTERNATIONAL TRADE INVESTMENT RATE LABOR MARKET LABOR MARKETS LAGGED DEPENDENT LAGGED LEVELS LAGGED VALUES LANDLOCKED COUNTRIES LDCS LIFE EXPECTANCY LOCAL CURRENCY LONG RUN MACROECONOMIC FLUCTUATIONS MACROECONOMIC MANAGEMENT MACROECONOMIC VOLATILITY MACROECONOMICS MARKET DEVELOPMENT MARKET SIZE MEASURE OF TRADE MOBILE PHONES MONETARY ECONOMICS MULTINATIONAL FIRMS 0 HYPOTHESIS OIL EXPORTER OIL EXPORTERS OUTPUT OUTPUT PER CAPITA PER CAPITA GROWTH POLICY CHANGES POLICY RESEARCH POLITICAL ECONOMY POLITICAL INSTABILITY POLITICAL RISK PORTFOLIO POSITIVE EFFECTS PRICE STABILITY PRODUCTIVITY PRODUCTIVITY GROWTH PROMOTING GROWTH PROTECTIONIST POLICIES RANDOM WALK REAL GDP REFORM POLICIES REGIONAL INTEGRATION REGIONAL TRADE REGIONAL TRADE AGREEMENTS REGRESSION ANALYSIS REGULATORY FRAMEWORK RESOURCE ALLOCATION SECONDARY ENROLLMENT SECONDARY SCHOOLING SERIAL CORRELATION SMALL COUNTRIES SPECIALIZATION STANDARD DEVIATION STATISTICAL ANALYSIS STRUCTURAL POLICIES TARIFF REDUCTIONS TECHNOLOGICAL INNOVATION TELECOMMUNICATIONS TELEPHONE PENETRATION TRADE AGREEMENT TRADE BARRIERS TRADE FLOWS TRADE INTEGRATION TRADE LIBERALIZATION TRADE MORE TRADE OPENNESS TRADE PATTERNS TRADE POLICIES TRADE POLICY TRADE REFORM TRADE REFORMS TRADE REGIMES TRADE VOLUMES TRADING COSTS TRANSITIONAL CONVERGENCE VOLUME OF TRADE WAGES WEALTH WORLD DEVELOPMENT INDICATORS WORLD ECONOMY WORLD TRADE
Online Access:	http://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000158349_20100929130215 http://hdl.handle.net/10986/3920

Internet

http://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000158349_20100929130215
http://hdl.handle.net/10986/3920

Trade and Economic Growth : Evidence on the Role of Complementarities for CAFTA-DR Countries

Internet

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