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Industry, Foreign Trade and Development: Econometric Models of Europe and North America, 1965-2003

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  • Guisan, M.C.

Abstract

We compare several econometric models of Western Europe, Central Europe, the United States, Canada and Mexico in order to analyze the impact of foreign trade and industry on development Regarding the positive effects of foreign trade it is important to notice that they are more due to the positive role of imports from the supply side than to the effect of exports from the demand side, although both sides are relevant. The main benefit from increasing exports is usually to increase the capacity to import intermediate inputs and other goods and services which are necessary or help to foster economic development in the domestic market. There are many studies which show the positive effects of exports but very few focused on the role of imports, and this study contributes in this regard.. On the other hand the analysis of industrial contribution to the non industrial sectors is twofold: directly providing intermediate and capital goods to non industrial sectors and indirectly increasing exports and the capacity to import foreign inputs which contribute to domestic production.

Suggested Citation

  • Guisan, M.C., 2006. "Industry, Foreign Trade and Development: Econometric Models of Europe and North America, 1965-2003," International Journal of Applied Econometrics and Quantitative Studies, Euro-American Association of Economic Development, vol. 3(1), pages 5-30.
  • Handle: RePEc:eaa:ijaeqs:v:3:y2006:i:1_1
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    File URL: http://www.usc.es/economet/reviews/ijaeqs311.pdf
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    References listed on IDEAS

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    1. Konya, L., 2004. "Export-Led Growth, Growth-Driven Export, Both or None? Granger Causality Analysis on OECD Countries," Applied Econometrics and International Development, Euro-American Association of Economic Development, vol. 4(1).
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    Cited by:

    1. GUISAN, Maria-Carmen, 2011. "Industry, Fair Competition And Trade In Oecd Countries: Impact On Wages And On Employment By Sector, 2000-2010," Regional and Sectoral Economic Studies, Euro-American Association of Economic Development, vol. 11(2).
    2. GUISAN, Maria-Carmen, 2011. "Industry, Foreign Trade and Employment in EU Countries; Comparison of France, Germany, Italy, Spain and the UK with the United States," Applied Econometrics and International Development, Euro-American Association of Economic Development, vol. 11(2).
    3. NUSHIWAT, Munther, 2008. "Exports And Economic Growth A Re-Examination Of The Causality Relation In Six Countries, 1981-2005," Applied Econometrics and International Development, Euro-American Association of Economic Development, vol. 8(2), pages 5-12.
    4. Guisan, M.C. & Exposito, P., 2013. "Employment, Production and Income by Sector in Spain: Econometric Models and Comparison with Germany and the United States, 1965-2010," Regional and Sectoral Economic Studies, Euro-American Association of Economic Development, vol. 13(1), pages 78-90.
    5. GUISAN, Maria-Carmen, 2008. "Rates, Ratios And Per Capita Variables In International Models: Analysis Of Investment And Foreign Trade In Oecd Countries," International Journal of Applied Econometrics and Quantitative Studies, Euro-American Association of Economic Development, vol. 5(2).

    More about this item

    Keywords

    Industry; Foreign Trade; Development; Europe; America;

    JEL classification:

    • C51 - Mathematical and Quantitative Methods - - Econometric Modeling - - - Model Construction and Estimation
    • F1 - International Economics - - Trade
    • L6 - Industrial Organization - - Industry Studies: Manufacturing
    • L8 - Industrial Organization - - Industry Studies: Services
    • O52 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Europe
    • O52 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Europe
    • O54 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Latin America; Caribbean

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