Development Level, Trade and Economic Growth: Comparative Evidence from the More De¬veloped Countries
Numerous studies have uncovered a positive independent impact of trade on economie growth in less-developed countries (LDCs). The present paper examines the implications of development level for the benefits of trade by comparatively examining the empirical evidence for the more developed, industrialized market, countries (MDCs). The paper is motivated by the hypothesis that MDCs provide a more efficient institutional framework than LDCs for transmitting the incentives for growth induced by exports. Hence these countries may actually derive relatively large benefits from trade. Employing the usual export-augmented production function that incorporates labor, capital formation, and exports, an inter-country GDP growth over the 1960-1986 period is analyzed for the nineteen MDCs and, comparatively, for 64 LDCs. While exports are found to exert a positive independent influence on economie growth in MDCs as well as in LDCs, the paper further finds that the importance of trade for economie performance rnay be even greater for MDCs.
To our knowledge, this item is not available for
download. To find whether it is available, there are three
1. Check below under "Related research" whether another version of this item is available online.
2. Check on the provider's web page whether it is in fact available.
3. Perform a search for a similarly titled item that would be available.
Volume (Year): 49 (1996)
Issue (Month): 2 ()
|Contact details of provider:|| Postal: Via Garibaldi 4, 16124 Genova, Italy|
Phone: +39 010 27041
Fax: +39 010 2704222
Web page: http://www.iei1946.it/it/index.php
More information through EDIRC
When requesting a correction, please mention this item's handle: RePEc:ris:ecoint:0374. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Angela Procopio)
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.