Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/280454 
Year of Publication: 
2023
Series/Report no.: 
GLO Discussion Paper No. 1358
Publisher: 
Global Labor Organization (GLO), Essen
Abstract: 
In this paper, we analyse the relationship between international trade and economic growth in an unbalanced panel of 20 European countries in a long-term perspective, since the mid-19th century to present days, differentiating between the periods before and after the start of the Second World War. To this end, we perform Granger-causality tests between exports and GDP, and between imports and GDP, following the novel methodology of Juodis et al. (2021) for panel data models with large cross-sectional and time series dimensions. Our results support the existence of a bi-directional relationship between both trade variables and GDP, for the whole period and across subperiods.
Subjects: 
International trade
Economic growth
Europe
Granger-causality
JEL: 
F41
F43
N10
O47
Document Type: 
Working Paper

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