Series: IMF Working Papers
Author(s): Jean-Louis Combes , and Tahsin Saadi-Sedik
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 January 2006
Keywords: Trade openness, Natural openness, Budget balances, Terms of trade instability, GMM-system, government revenue, National Deficit Surplus, International Economic Order, Term-of-trade Instability,
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 ana...