Trade-Growth Nexus in Developing and Developed Countries: An Application of Extreme Bounds Analysis

Asian Economic and Financial Review

关键词: Foreign trade;    Economic growth;    Robust;    Extreme bounds analysis;    Developing countries;    Developed countries.;   

学科分类：社会科学、人文和艺术（综合）

来源: Asian Economic and Social Society

【 摘 要 】

In this study, we investigated the relationship between foreign trade and economic growth in the developing and developed countries by using extreme bounds analysis approach. For this we used unbalanced panel data of 103 variables of 94 countries (74 developing countries and 20 developed countries) during 1990-2010. The estimation results of more than 1.6 million regressions show that more foreign trade indices are robust determinants of economic growth and have robustly positive effect on the economic growth of each country regardless of level of development. In the other words, results of this study support views of free trade advocates.

【 授权许可】

CC BY