Credibility of trade policy reform and investment: the Mexican experience
Author
Abstract
Suggested Citation
Download full text from publisher
As the access to this document is restricted, you may want to search for a different version of it.
References listed on IDEAS
- Martin Feldstein, 1983.
"Inflation, Tax Rules, and Investment: Some Econometric Evidence,"
NBER Chapters, in: Inflation, Tax Rules, and Capital Formation, pages 243-286,
National Bureau of Economic Research, Inc.
- Feldstein, Martin, 1982. "Inflation, Tax Rules and Investment: Some Econometric Evidence," Econometrica, Econometric Society, vol. 50(4), pages 825-862, July.
- Martin Feldstein, 1980. "Inflation, Tax Rules, and Investment: Some Econometric Evidence," NBER Working Papers 0577, National Bureau of Economic Research, Inc.
- Rodrik, Dani, 1991.
"Policy uncertainty and private investment in developing countries,"
Journal of Development Economics, Elsevier, vol. 36(2), pages 229-242, October.
- Dani Rodrik, 1989. "Policy Uncertainty and Private Investment in Developing Countries," NBER Working Papers 2999, National Bureau of Economic Research, Inc.
- Engel, Charles & Kletzer, Kenneth M., 1991.
"Trade policy under endogenous credibility,"
Journal of Development Economics, Elsevier, vol. 36(2), pages 213-228, October.
- Charles Engel & Kenneth Kletzer, 1987. "Trade Policy under Endogenous Credibility," NBER Working Papers 2449, National Bureau of Economic Research, Inc.
- Jonathan Eaton & Gene M. Grossman, 1985.
"Tariffs as Insurance: Optimal Commercial Policy When Domestic Markets Are Incomplete,"
Canadian Journal of Economics, Canadian Economics Association, vol. 18(2), pages 258-272, May.
- Jonathan Eaton & Gene M. Grossman, 1981. "Tariffs as Insurance: Optimal Commercial Policy When Domestic Markets Are Incomplete," NBER Working Papers 0797, National Bureau of Economic Research, Inc.
- Aizenman, Joshua, 1992.
"Trade reforms, credibility, and development,"
Journal of Development Economics, Elsevier, vol. 39(1), pages 163-187, July.
- Joshua Aizenman, 1991. "Trade Reforms, Credibility, and Development," NBER Working Papers 3600, National Bureau of Economic Research, Inc.
- Froot, Kenneth A., 1988.
"Credibility, real interest rates, and the optimal speed of trade liberalization,"
Journal of International Economics, Elsevier, vol. 25(1-2), pages 71-93, August.
- Kenneth A. Froot, 1987. "Credibility, Real Interest Rates, and the Optimal Speed of Trade Liberalization," NBER Working Papers 2358, National Bureau of Economic Research, Inc.
- Buffie, Edward F., 1991. "Commercial policy, growth and the distribution of income in a dynamic trade model," Journal of Development Economics, Elsevier, vol. 37(1-2), pages 1-30, November.
- Matsuyama, Kiminori, 1990.
"Perfect Equilibria in a Trade Liberalization Game,"
American Economic Review, American Economic Association, vol. 80(3), pages 480-492, June.
- Kiminori Matsuyama, 1987. "Perfect Equilibria in a Trade Liberalization Game," Discussion Papers 738, Northwestern University, Center for Mathematical Studies in Economics and Management Science.
- Pindyck, Robert S, 1991.
"Irreversibility, Uncertainty, and Investment,"
Journal of Economic Literature, American Economic Association, vol. 29(3), pages 1110-1148, September.
- Pindyck, Robert, 1989. "Irreversibility, uncertainty, and investment," Policy Research Working Paper Series 294, The World Bank.
- Pindyck, Robert S., 1990. "Irreversibility, uncertainty, and investment," Working papers 3137-90., Massachusetts Institute of Technology (MIT), Sloan School of Management.
- Robert S. Pindyck, 1990. "Irreversibility, Uncertainty, and Investment," NBER Working Papers 3307, National Bureau of Economic Research, Inc.
- Jorgenson, Dale W, 1971. "Econometric Studies of Investment Behavior: A Survey," Journal of Economic Literature, American Economic Association, vol. 9(4), pages 1111-1147, December.
- Dornbusch, Rudiger, 1990. "The New Classical Macroeconomics and Stabilization Policy," American Economic Review, American Economic Association, vol. 80(2), pages 143-147, May.
- Sebastian Edwards, 1989.
"Openness, Outward Orientation, Trade Liberalization and Economic Performance in Developing Countries,"
NBER Working Papers
2908, National Bureau of Economic Research, Inc.
- Edwards, Sebastian, 1989. "Openness, outward orientation, trade liberalization, and economic performance in developing countries," Policy Research Working Paper Series 191, The World Bank.
- Rodrik, Dani, 1990. "How should structural adjustment programs be designed?," World Development, Elsevier, vol. 18(7), pages 933-947, July.
- Calvo, Guillermo A., 1987. "On the costs of temporary policy," Journal of Development Economics, Elsevier, vol. 27(1-2), pages 245-261, October.
- Rodrik, Dani, 1989.
"Promises, Promises: Credible Policy Reform via Signalling,"
Economic Journal, Royal Economic Society, vol. 99(397), pages 756-772, September.
- Dani Rodrik, 1988. "Promises, Promises: Credible Policy Reform via Signaling," NBER Working Papers 2600, National Bureau of Economic Research, Inc.
- Staiger, Robert W & Tabellini, Guido, 1987. "Discretionary Trade Policy and Excessive Protection," American Economic Review, American Economic Association, vol. 77(5), pages 823-837, December.
Citations
Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
Cited by:
- Eleftherios Giovanis & Oznur Ozdamar, 2022.
"The nexus between business–investment climate and firm performance in the Middle East and North Africa (MENA) region,"
Review of Economics and Political Science, Emerald Group Publishing Limited, vol. 7(4), pages 257-285, February.
- Eleftherios Giovanis & Oznur Ozdamar, 2018. "The Nexus Between Business-Investment Climate and Firm Performance in the Middle East and North Africa (MENA) Region," Working Papers 1277, Economic Research Forum, revised 26 Dec 2018.
- Piazolo, Daniel, 1997. "Gaining credibility and enhancing economic growth through regional integration: The case for EU membership of Eastern Europe," Kiel Working Papers 837, Kiel Institute for the World Economy (IfW Kiel).
- Atangana Ondoa Henri, 2019. "Heavily indebted poor countries initiative (HIPC), debt relief, economic stability and economic growth in Africa," Economic Change and Restructuring, Springer, vol. 52(2), pages 89-121, May.
- Calì, Massimiliano & Sen, Kunal, 2011. "Do Effective State Business Relations Matter for Economic Growth? Evidence from Indian States," World Development, Elsevier, vol. 39(9), pages 1542-1557, September.
- Yago, Milton & Morgan, Wyn, 2008. "The impact of policy reversal on economic performance in Sub-Saharan Africa," European Journal of Political Economy, Elsevier, vol. 24(1), pages 88-106, March.
- Kathuria, Vinish & Natarajan, Rajesh Raj & Sen, Kunal, 2010. "Does the institution of State Business Relations matter for Firm Performance? – A study of Indian Manufacturing," MPRA Paper 23053, University Library of Munich, Germany.
- Mourad ZMAMI, 2017. "Libéralisation commerciale et investissement privé : une analyse en données de panel pour les entreprises manufacturières en Tunisie," Region et Developpement, Region et Developpement, LEAD, Universite du Sud - Toulon Var, vol. 45, pages 79-97.
- Máttar, Jorge & Moreno Brid, Juan Carlos & Peres Núñez, Wilson, 2002. "Foreign investment in Mexico after economic reform," Estudios y Perspectivas – Sede Subregional de la CEPAL en México 4876, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL).
- Baptist, Simon & Teal, Francis, 2014. "Technology and Productivity in African Manufacturing Firms," World Development, Elsevier, vol. 64(C), pages 713-725.
- Prema-Chandra Athukorala & Kunal Sen, 1996.
"Reforms and Investment in India,"
Trade and Development
96/6, Australian National University, Department of Economics.
- Prema-Chandra Athukorala & Kunal Sen, 1996. "Reforms And Investment In India," Departmental Working Papers 1996-06, The Australian National University, Arndt-Corden Department of Economics.
- Serven, Luis, 1997. "Uncertainty, instability, and irreversible investment : theory, evidence, and lessons for Africa," Policy Research Working Paper Series 1722, The World Bank.
Most related items
These are the items that most often cite the same works as this one and are cited by the same works as this one.- Buffie, Edward F., 1995. "Trade liberalization, credibility and self-fulfilling failures," Journal of International Economics, Elsevier, vol. 38(1-2), pages 51-73, February.
- Robert Tatum, 2005.
"Sustaining imperfectly credible trade liberalization: Do the rate of tariff reduction and the degree of labour mobility matter?,"
The Journal of International Trade & Economic Development, Taylor & Francis Journals, vol. 14(4), pages 407-435.
- Robert C. Tatum, 2005. "Sustaining Imperfectly Credible Trade Liberalization: Do the Rate of Tariff Reduction and the Degree of Labor Mobility Matter?," International Finance 0506007, University Library of Munich, Germany.
- Dani Rodrik, 1993. "Trade and Industrial Policy Reform in Developing Countries: A Review of Recent Theory and Evidence," NBER Working Papers 4417, National Bureau of Economic Research, Inc.
- Basu, Arnab K. & Chau, Nancy H., 1999. "Adverse selection, asymmetric information, and foreign investment policies," International Review of Economics & Finance, Elsevier, vol. 8(3), pages 239-252, September.
- Richard Mash, 1999. "The Investment Response to Imperfectly Credible Trade Liberalisation with Endogenous Probability of Reversal," Economics Series Working Papers WPS/1998-13, University of Oxford, Department of Economics.
- Conley, John P. & Maloney, William F., 1995. "Optimal sequencing of credible reforms with uncertain outcomes," Journal of Development Economics, Elsevier, vol. 48(1), pages 151-166, October.
- Buffie, Edward F., 1999. "Optimal trade liberalization and the welfare costs of imperfect credibility," Journal of International Economics, Elsevier, vol. 47(2), pages 371-398, April.
- Karp, Larry & Paul, Thierry, 1998. "Labor adjustment and gradual reform: when is commitment important?," Journal of International Economics, Elsevier, vol. 46(2), pages 333-362, December.
- Laban, Raul M. & Larrain, Felipe B., 1997. "Can a liberalization of capital outflows increase net capital inflows?," Journal of International Money and Finance, Elsevier, vol. 16(3), pages 415-431, June.
- Chiranjivi, GVS & Sensarma, Rudra, 2023. "The effects of economic and financial shocks on private investment: A wavelet study of return and volatility spillovers," International Review of Financial Analysis, Elsevier, vol. 90(C).
- Andrea Bassanini, 2006.
"Credibility, Irreversibility of Investment, and Liberalization Reforms in LDCs,"
Economic Notes, Banca Monte dei Paschi di Siena SpA, vol. 35(2), pages 203-218, July.
- Andrea Bassanini, 2006. "Credibility, Irreversibility of Investment, and Liberalization Reforms in LDCs," Post-Print halshs-00120491, HAL.
- Amihai Glazer & Stef Proost, 2008. "Signaling Commitment by Excessive Spending," Working Papers 070811, University of California-Irvine, Department of Economics.
- Kul B. Luintel & George Mavrotas, 2005. "Examining Private Investment Heterogeneity: Evidence from a Dynamic Panel," WIDER Working Paper Series DP2005-11, World Institute for Development Economic Research (UNU-WIDER).
- Sadoulet, Elisabeth, 1994. "Political Constraints on the Developmental State: Alternative Theoretical Explanations," CUDARE Working Papers 201466, University of California, Berkeley, Department of Agricultural and Resource Economics.
- Rodrik, Dani, 1991.
"Policy uncertainty and private investment in developing countries,"
Journal of Development Economics, Elsevier, vol. 36(2), pages 229-242, October.
- Dani Rodrik, 1989. "Policy Uncertainty and Private Investment in Developing Countries," NBER Working Papers 2999, National Bureau of Economic Research, Inc.
- WILLIAM C. Gruben, 1992. "North American Free Trade: Opportunities And Pitfalls," Contemporary Economic Policy, Western Economic Association International, vol. 10(4), pages 1-10, October.
- Conconi, Paola & Perroni, Carlo, 2009.
"Do credible domestic institutions promote credible international agreements?,"
Journal of International Economics, Elsevier, vol. 79(1), pages 160-170, September.
- Perroni, Carlo & Conconi, Paola, 2006. "Do Credible Domestic Institutions Promote Credible International Agreements?," CEPR Discussion Papers 5762, C.E.P.R. Discussion Papers.
- Paola Conconi & Carlo Perroni, 2009. "Do Credible Domestic Institutions Promote Credible International Agreements?," ULB Institutional Repository 2013/98549, ULB -- Universite Libre de Bruxelles.
- Patrick M. Emerson & Shawn D. Knabb, 2007. "Fiscal Policy, Expectation Traps, And Child Labor," Economic Inquiry, Western Economic Association International, vol. 45(3), pages 453-469, July.
- Aaron Tornell, 1989. "Inconsistencia dinámica de los programas proteccionistas," Estudios Económicos, El Colegio de México, Centro de Estudios Económicos, vol. 4(1), pages 61-82.
- Panagiotidis, Theodore & Printzis, Panagiotis, 2020.
"What is the investment loss due to uncertainty?,"
Global Finance Journal, Elsevier, vol. 45(C).
- Theodore Panagiotidis & Panagiotis Printzis, 2019. "What is the Investment Loss due to Uncertainty?," Working Papers 383, Leibniz Institut für Ost- und Südosteuropaforschung (Institute for East and Southeast European Studies).
- Theodore Panagiotidis & Panagiotis Printzis, 2019. "What is the Investment Loss due to Uncertainty?," Working Paper series 19-06, Rimini Centre for Economic Analysis.
- Theodore Panagiotidis & Panagiotis Printzis, 2019. "What is the Investment Loss due to Uncertainty?," GreeSE – Hellenic Observatory Papers on Greece and Southeast Europe 138, Hellenic Observatory, LSE.
- Panagiotidis, Theodore & Printzis, Panagiotis, 2019. "What is the investment loss due to uncertainty?," LSE Research Online Documents on Economics 102648, London School of Economics and Political Science, LSE Library.
Corrections
All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eee:deveco:v:47:y:1995:i:1:p:39-60. See general information about how to correct material in RePEc.
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Catherine Liu (email available below). General contact details of provider: http://www.elsevier.com/locate/devec .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.