@techreport{Busse2012Trade,
abstract = {While trade integration is often regarded as a principal determinant of economic growth, the empirical evidence for a causal linkage between trade and growth is ambiguous. This paper argues that the effect of trade in dynamic panel estimations depends crucially on the specification of trade. Both from a theoretical as well as an empirical point of view one specification is preferred: the volume of exports and imports as a share of lagged total GDP. For this trade measure, a positive and highly significant impact on economic growth can be found.},
address = {Hamburg},
author = {Matthias Busse and Jens K\"{o}niger},
copyright = {http://www.econstor.eu/dspace/Nutzungsbedingungen},
keywords = {F11; F43; C23; 330; Openness; Trade; Growth},
language = {eng},
number = {123},
publisher = {HWWI Institute of International Economics},
title = {Trade and economic growth: A re-examination of the empirical evidence},
type = {HWWI research paper},
url = {http://hdl.handle.net/10419/57921},
year = {2012}
}
