Akademik Veri Yönetim Sistemi
Trade and development, ss.81-116, 1996 (Scopus)
This paper examines, theoretically and empirically, the impact of trade policy on the long-run output growth rate in the context of the new endogenous growth model. Section II describes the old and the new views of the relationships between trade and economic growth. Section III reviews the different ways to measure trade liberalisation. Section IV provides the trade liberalisation experiences of Turkey, Malaysia and India since the 1950s which largely followed different strategies (eg inward-looking import-substitution industrialisation policies via exchange rate distortions and other protectionist measures in the case of India and Turkey, and an open, export-led growth strategy as in the case of Malaysia) to promote physical and human capital accumulation and economic growth. Section IV sets out the cointegration and error-correction techniques to analyse the long-run relationship between an index of exchange rate distortions/trade liberalisation and economic growth of Turkey, Malaysia and India. The data and empirical results are described in section V.