Sim, é fato: muito governo pode impedir o "espetáculo do crescimento"
Texto em pdf.
Trade, Regulations, and Growth - Bineswaree Bolaky Caroline Freund*
University of Maryland The World Bank - March 2004
Abstract: Trade does not stimulate growth in economies with excessive regulation. We examine the effect of openness on growth using cross-country regressions on data from more than 100
countries. Results from levels regressions imply that increased openness is, if anything, associated with a lower standard of living in heavily-regulated economies. Growth regressions confirm that the effect of increased trade on growth is absent in highly regulated countries. Once we control for the effect of domestic regulation, the evidence that trade positively affects growth
is stronger than has been found in previous studies. Excessive regulations restrict growth because resources are prevented from moving into the most productive sectors and to the most efficient firms within sectors. In addition, in highly regulated economies, increased trade is more likely to occur in the wrong goods—i.e. goods where comparative advantage does not lie. The results imply that regulatory reform enhances the benefits of trade liberalization.
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Texto em pdf.
Trade, Regulations, and Growth - Bineswaree Bolaky Caroline Freund*
University of Maryland The World Bank - March 2004
Abstract: Trade does not stimulate growth in economies with excessive regulation. We examine the effect of openness on growth using cross-country regressions on data from more than 100
countries. Results from levels regressions imply that increased openness is, if anything, associated with a lower standard of living in heavily-regulated economies. Growth regressions confirm that the effect of increased trade on growth is absent in highly regulated countries. Once we control for the effect of domestic regulation, the evidence that trade positively affects growth
is stronger than has been found in previous studies. Excessive regulations restrict growth because resources are prevented from moving into the most productive sectors and to the most efficient firms within sectors. In addition, in highly regulated economies, increased trade is more likely to occur in the wrong goods—i.e. goods where comparative advantage does not lie. The results imply that regulatory reform enhances the benefits of trade liberalization.
Gostou? Então vai lá e lê o texto. Depois conte ao seu amigo que não gosta de Economia.
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