Affiliation:
1. Department of Development Division, World Trade Organization, Rue de hausanne 154, Geneva 21, CH-211, Switzerland
Abstract
This paper examines the issue of fiscal space for trade, proxied by countries’ public expenditure for the trade sector. It provides empirical evidence that improvement in countries’ overall fiscal space results in higher public expenditure for trade. Furthermore, by promoting multilateral trade liberalization, the international trade community (including the World Trade Organization, WTO) could help enhance countries’ overall fiscal space, which would in turn translate into greater fiscal space for trade. Thus, rising restrictive trade measures in the world would likely undermine the promotion of multilateral trade liberalization and affect countries’ capacity to fund the development of their trade sector.
Publisher
World Scientific Pub Co Pte Lt
Subject
Economics and Econometrics,Finance,General Business, Management and Accounting
Cited by
7 articles.
订阅此论文施引文献
订阅此论文施引文献,注册后可以免费订阅5篇论文的施引文献,订阅后可以查看论文全部施引文献