1.

Record Nr.

UNINA9910788402403321

Autore

Combes Jean-Louis

Titolo

How Does Trade Openness Influence Budget Deficits in Developing Countries? / / Jean-Louis Combes, Tahsin Saadi Sedik

Pubbl/distr/stampa

Washington, D.C. : , : International Monetary Fund, , 2006

ISBN

1-4623-9724-7

1-4527-1988-8

1-283-51735-3

1-4519-0799-0

9786613829801

Descrizione fisica

1 online resource (22 p.)

Collana

IMF Working Papers

Altri autori (Persone)

Saadi SedikTahsin

Soggetti

Terms of trade - Developing countries

Budget - Developing countries

Budgeting

Exports and Imports

Public Finance

National Deficit Surplus

International Economic Order and Integration

Trade Policy

International Trade Organizations

National Budget

Budget Systems

Empirical Studies of Trade

Debt

Debt Management

Sovereign Debt

National Government Expenditures and Related Policies: General

Budgeting & financial management

International economics

Public finance & taxation

Budget planning and preparation

Terms of trade

Trade policy

Government debt management

Expenditure

Budget

Economic policy



nternational cooperation

Commercial policy

Debts, Public

Expenditures, Public

Developing countries Commercial policy

Lingua di pubblicazione

Inglese

Formato

Materiale a stampa

Livello bibliografico

Monografia

Note generali

"January 2006."

"This paper is forthcoming in the Journal of development studies."--Abstract.

Nota di bibliografia

Includes bibliographical references (p. 17-20).

Nota di contenuto

""Contents""; ""I. INTRODUCTION""; ""II. THEORETICAL EFFECTS OF TRADE OPENNESS ON BUDGET DEFICITS""; ""III. THE MEASURE OF TERMS OF TRADE INSTABILITY""; ""IV. THE MEASURE OF THE REVEALED TRADE POLICY""; ""V. THE ECONOMETRIC STRATEGY""; ""VI. CONCLUSIONS""; ""APPENDIX I""; ""REFERENCES""

Sommario/riassunto

This paper analyzes the effects of trade openness on budget balances by distinguishing the effects of natural openness from those of trade-policy induced openness. Using the GMMsystem estimator, the econometric analysis focuses on 66 developing countries during 1974-98. The results show that trade openness increases a country's exposure to external shocks regardless of its underlying causes. This reinforces the adverse effects of terms of trade instability on budget balances. However, trade openness also influences budget balances through several other channels: corruption, income inequalities, etc. The paper shows that these additional effects of natural openness and trade-policy induced openness on budget balances go in opposite directions: the former deteriorates budget balances whereas the latter improves them.



2.

Record Nr.

UNIORUON00194342

Autore

JENKINS, Roy

Titolo

Gladstone / Roy Jenkins

Pubbl/distr/stampa

London, : Macmillan, 1995. XVII, 698 cm.

ISBN

03-336-0216-1

Soggetti

GLADSTONE

Lingua di pubblicazione

Inglese

Formato

Materiale a stampa

Livello bibliografico

Monografia