Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/57921
Authors: 
Busse, Matthias
Königer, Jens
Year of Publication: 
2012
Series/Report no.: 
HWWI research paper 123
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.
Subjects: 
Openness
Trade
Growth
JEL: 
F11
F43
C23
Document Type: 
Working Paper

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