TY  - JOUR
AB  - Free trade reform promotes and consolidates businesses’ orientation to international markets. Using a sample of twenty Latin American countries, this study finds support for the hypothesis that higher revealed trade openness implies faster economic growth. However, at low output growth levels, increased revealed trade openness does not translate to faster output growth. Why more trade does not necessarily imply faster growth at all levels of revealed trade openness growth remains a conundrum. Failure to derive faster economic growth may compromise the prospects for sustainable trade reforms and thus the consolidation of new business ventures as engines for further growth.
VL  - 16
IS  - 4
SN  - 1525-383X
DO  - 10.1108/1525383X200800018
UR  - https://doi.org/10.1108/1525383X200800018
AU  - Barboza Gustavo A.
AU  - Trejos Sandra R.
PY  - 2008
Y1  - 2008/01/01
TI  - Empirical Evidence on Trade Reform, Revealed Trade Openness, and Output Growth in Latin America. How Far Have We Come?
T2  - Multinational Business Review
PB  - Emerald Group Publishing Limited
SP  - 53
EP  - 86
Y2  - 2024/04/25
ER  -