How Much Do Trading Partners Matter for Economic Growth? / Vivek Arora, Athanasios Vamvakidis.

Format:

Book

Government document

Author/Creator:

Arora, Vivek.

Contributor:

Vamvakidis, Athanasios.

Series:

IMF Working Papers; Working Paper ; No. 2004/026

IMF Working Papers

Language:

English

Subjects (All):

International trade.

Economic development.

Developing countries--Commerce.

Developing countries.

Physical Description:

1 online resource (21 p.)

Place of Publication:

Washington, D.C. : International Monetary Fund, 2004.

Language Note:

English

Summary:

This paper empirically examines the extent to which a country's economic growth is influenced by its trading partner economies. Panel estimation results based on four decades of data for over 100 countries show that trading partners' growth and relative income levels have a strong effect on domestic growth, even after controlling for the influence of common global and regional trends. One interpretation is that conditional convergence is stronger, the richer are a country's trading partners. A general implication of the results is that industrial countries benefit from trading with developing countries, which grow rapidly, while developing countries benefit from trading with industrial countries, which have relatively high incomes.

Contents:

""Contents""; ""I. INTRODUCTION""; ""II. EMPIRICAL LITERATURE ON THE GROWTH�OPENNESS CONNECTION""; ""III. TRADING PARTNERS""; ""IV. EMPIRICAL APPROACH AND RESULTS""; ""V. CONCLUSIONS""

Notes:

Description based upon print version of record.

Includes bibliographical references.

Description based on online resource; title from PDF cover (ebrary, viewed July 2, 2015).

ISBN:

9786613775962

9781462313747

1462313744

9781451993547

1451993544

9781281092915

1281092916

9781451892161

1451892160