000			02151nam a22003017u 4500
001			pwiiw3898
003			OSt
005			20260518120109.0
008			151014t2015 au ||||| |||| 00| ||eng d
040			_cOSt
041			_aeng
084			_aF13 _aF42 _2jelc
100	1		_aJovanović, Branimir
245	1	0	_aTariff-induced (de)industrialization in transition economies: A comparative analysis
260			_aWien : _bWiener Institut für Internationale Wirtschaftsvergleiche (wiiw), _c2015.
490	1		_awiiw Balkan Observatory Working Papers _v116
520			_aAbstract In this paper we investigate if tariffs affect manufacturing value added in 25 countries from Central and Southeast Europe, the Commonwealth of Independent States and Middle East and North Africa over the period1990-2010. We use an instrumental variable approach, with the World Trade Organization bound tariff and the lagged tariff as instruments. Results suggest that, in general, lower tariffs seem to lead to higher value added, through the higher imports of inputs in the production process which were either inexistent or more expensive on the domestic market previously. The effect is not driven by the World Trade Organization membership, but by individual countries’ decision to lower their tariffs. However, there are notable differences in the effects between different groups of countries and industries: tariffs are not found to affect industrialization in Southeast Europe and Middle East and North Africa, which implies that their decision to liberalize trade was likely premature. This is supported by the finding that lower tariffs have positive effects on industry value added only in industries with higher value added (i.e. more mature industries).
650			_aindustrialization
650			_atrade liberalization
650			_atariffs
690			_aInternational Trade, Competitiveness and FDI
690			_aMacroeconomic Analysis and Policy
700	1		_aPetreski, Marjan
700	1		_aVelickovski, Igor
830		0	_v116 _wWIIW0000140 _twiiw Balkan Observatory Working Papers
856	4	0	_uhttps://wiiw.ac.at/p-3898.html
942			_cP _2z
999			_c8771 _d8771