Merely focusing on the direct impact of trade on economic growth can conceal the full picture. New evidence on the impact of foreign aid on economic growth. The objectives of this study were to ascertain the impact of export trade on the nigerian economy and to. Mustafin2 1kazan federal university, institute of management, economics and finance, 2assistant lecturer of the department of the economic theory kazan federal university, institute of management, economics and finance. New evidence on the impact of foreign aid on economic growth by ramesh durbarry, norman gemmell and david greenaway abstract foreign aid inflows have grown significantly in the postwar period. This study conducted a disaggregated analysis of foreign trade impact on economic growth using nigeria historical data. The north american free trade agreement nafta is a threecountry accord negotiated by the governments of canada, mexico, and the united states that entered into force in january 1994. International journal of academic research in business and social sciences may 2014, vol. The impact of agricultural trade on economic growth in north africa.
According to the second measure of trade openness exports as a share of gdp, the findings indicate a threshold of 355. This paper reinvestigates the exportled growth hypothesis in pakistan by using annual time series data on exports, imports, terms of. In this epoch, it was believed that international trade has a positive effect on the economic growth. International trade and its effects on economic growth in china international trade, as a major factor of openness, has made an increasingly significant contribution to economic growth. Pdf impact of international trade on the economic growth. Chinese international trade has experienced rapid expansion together with its dramatic economic growth which has made the country to target the world as its market. The data used spans the period 19812017 on variables such as foreign trade. Later, during the neoclassic period, these two theories of the. Econometric analysis by static gravity model sayef bakari department of economics sciences, liei. After this threshold, trade s impact on economic growth. Trade expansion may increase longrun growth by allowing the economy to specialize in sectors with economies of scale that arise from research, development. These challenges include assessing the quality of data on trade and what, if any, additional resources.
The impact of trade liberalization on economic growth. The impact of trade liberalization on economic growth in. International trade and its effects on economic growth in. Overview and policy challenges congressional research service congress faces a number of challenging policy issues relative to trade and the impact of trade agreements on the u. The study examines the impact of total exports to gdp ratio, imports to gdp, terms of trade, trade openness, investment to gdp ratio, and inflation on the economic growth of pakistan. The purpose of this study is to examine the impact of foreign trade on economic growth in south africa. Trade is presumed to act as a catalyst to economic growth. The study found that international trade export and import has a significant positive impact on economic growth gdp in bangladesh and. Show full abstract impacts on the regional economic growth of the regions foreign trade in turkeys 26 nuts 2 regions were investigated by panel data cointegration tests for the 20042011. Beyond this threshold, the effect of trade on growth declines.
The findings of this study will determine the effects of. The impact of trade openness on economic growth econstor. International cooperation and the development of globalization have a favorable impact on the market economy. The results show that trade openness has positive effects on eco nomic growth both in the short and long run. Pdf the impact of international trade on economic growth in. International trade and its effects on economic growth in china iza. The impact of agricultural trade on economic growth in. Pdf impact of international trade on economic growth of. This study evaluated the impact of international trade on the nigeria economic growth. Panel data analysis on nuts 2 regions in turkey 20042011 the aim of this study is. Pdf impact of international trade on economic growth in.1097 1395 584 268 559 890 1027 1112 193 1117 996 710 139 182 1394 660 264 658 843 1459 723 734 308 302 1444 739 941 483 196 990 1050 142 761 367 32 1010 1267 1143 419 607