01727cas a2200241 a 4500 AALejournalIMF000580 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451845945 1018-5941 BD-DhAAL BD-DhAAL Vamvakidis, Athanasios. Regional Trade Agreements Versus Broad Liberalization : Which Path Leads to Faster Growth? Time-Series Evidence / Athanasios Vamvakidis. Washington, D.C. : International Monetary Fund, 1998. 1 online resource (34 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students Should a closed economy open its trade to all countries or limit itself to participation in regional trade agreements (RTAs)? Based on time-series evidence for a data set for 1950-92, this paper estimates and compares the growth performance of countries that liberalized broadly and those that joined an RTA. The comparisons show that economies grew faster after broad liberalization, both in the short and long run, but slower after participation in an RTA. Economies also had higher investment shares after broad liberalization, but lower ones after joining an RTA. The policy implications support broad liberalization. Mode of access: Internet IMF Working Papers; Working Paper ; No. 1998/040 Full text available on IMF http://elibrary.imf.org/view/journals/001/1998/040/001.1998.issue-040-en.xml IMF e-Library