Theoretical ambiguity exists regarding the potential benefits of adopting a uniform tariff schedule. In this paper, we investigate the empirical evidence on this question. From cross-country growth regressions over the period 1988-97 we find a nonlinear relationship between a country's standard...

This paper considers the implications of having trade and investment liberalization occur at different points in time. It is found that such a sequencing can be detrimental to the process of liberalization, but can never be beneficial. In particular, it is possible to find distributions of...

This paper considers the implications of having trade and investment liberalization occur at different points in time. It is found that such a sequencing can be detrimental to the process of liberalization, but can never be beneficial. In particular, it is possible to find distributions of...