PL EN


Preferencje help
Widoczny [Schowaj] Abstrakt
Liczba wyników
Czasopismo
2014 | nr 4 | 311--330
Tytuł artykułu

Does Trade Drive Global Output Growth?

Autorzy
Warianty tytułu
Języki publikacji
EN
Abstrakty
EN
Conventional econometric analysis suggests that there has been a longer-term relationship between nominal world output and nominal world exports. The analysis says something about the rules governing adjustments in world output and exports. It appears that GDP plays the first fiddle. Rising world output seems to have pushed up world exports. But rising world exports do not seem to have resulted in positive changes in global GDP. The global growth slowdown, observed since the early 1970s, may have been linked to the steady expansion of global trade. (original abstract)
Czasopismo
Rocznik
Numer
Strony
311--330
Opis fizyczny
Twórcy
  • Vienna Institute for International Economic Studies, Austria; Wyższa Szkoła Administracji w Bielsku Białej
Bibliografia
  • Baier S., Bergstrand J. (2001), The growth of world trade: tariffs, transport costs, and income similarity, Journal of International Economics, 53, 1-27.
  • Bhaduri A., Marglin S. (1990), Unemployment and the real wage: the economic basis for contesting political ideologies, Cambridge Journal of Economics, 14, 375-393.
  • Bhagwati J. (1958), Immiserizing growth. A geometrical note, Review of Economic Studies, 25, 201-205.
  • Denison E. (1985), Trends in American Economic Growth, 1929-82, Brookings Institution, Washington.
  • Dritsaki D.C. (2013), Causal nexus between economic growth, exports and government debt: the case of Greece, Procedia Economics and Finance, 5, 251-259.
  • Feenstra R.C. (1994), New product varieties and the measurement of international prices, American Economic Journal, 89, 157-177.
  • Feenstra R.C. (1998), Integration of trade and disintegration of production in the global economy, Journal of Economic Perspectives, 12, 31-50.
  • Frankel J.A., Romer D.H. (1999), Does trade cause growth?, American Economic Review, 89, 379-399.
  • Frankel J.A. (2008), The world trading system and implications of external opening, in: N. Serra, J.E. Stiglitz (eds.), The Washington consensus reconsidered: towards a new global governance, Oxford University Press, Oxford.
  • Freeman R.B. (2009), Globalization and inequality, in: The Oxford handbook of economic inequality, Oxford University Press, Oxford.
  • Helpman E. (2004), Trade, FDI and the organization of firms, Journal of Economic Literature, 64, 589-630.
  • Hillebrand E.E., Lewer J.L., Zagardo J.T. (2010), Backtracking from globalisation, Global Economy Journal, 10, 1-17.
  • Houthakker H.S., Magee S.P. (1969), Income and price elasticities in world trade, Review of Economics and Statistics, 51, 111-125.
  • Jorgenson D. (2005), Accounting for growth in the information age, in: P. Aghion, S. Durlauf (eds.), Handbook of economic growth, Vol. 1, North Holland, Amsterdam.
  • Krugman P. (1995), Growing world trade: causes and consequences, Brookings Papers on Economic Activity, 1, 327-377.
  • Laski K., Podkaminer L. (2012), The basic paradigms of EU economic policy-making need to be changed, Cambridge Journal of Economics, 36, 253-271.
  • Lewer J.L., Van der Berg H. (2003), How large is international trade's effect on economic growth? Journal of Economic Surveys, 17, 363-396.
  • Lewer J.L., Van der Berg H. (2007), International trade and economic growth, Sharpe, New York.
  • Nickell S., Nunziata L., Ochel W. (2005), Unemployment in the OECD since the 1960s. What do we know? The Economic Journal, 115, 1-27.
  • Mollick A.V., Faria P.H., Albuquerque P.H., Leon-Ledesma M.A. (2008), Can globalisation stop the decline in commodities' terms of trade?, Cambridge Journal of Economics, 32, 683-701.
  • OECD (2013), Interconnected economies. Benefiting from global value chains, OECD Synthesis Report.
  • Pesaran M.H., Shin Y. (1998), Impulse response analysis in linear multivariate models, Economics Letters, 58, 17-29.
  • Pesaran M.H., Shin Y., Smith R.J. (2001), Bounds testing for level relationships, Journal of Applied Econometrics, 16, 289-326.
  • Podkaminer L. (2011), Why are goods cheaper in rich (European) countries? Beyond the Balassa- -Samuelson effect, Metroeconomica, 62, 712-728.
  • Podkaminer L. (2013a), Persistent gaps between purchasing power parities and exchange rates under the law of one price: a puzzle (partly) explained? Bank i Kredyt, 44, 333-353.
  • Podkaminer L. (2013b), Global output growth: wage-led rather than profit-led? Real World Economic Review, 65, 116-119.
  • Rodrik D., Subramanian A., Trebbi F. (2004), Institutions rule: the primacy of institutions over geography and integration in economic development, Journal of Economic Growth, 9, 131-165.
  • Thirlwall A.P., Pacheco-Lopez P. (2008), Trade liberalisation and the poverty of nations, Edward Elgar, Cheltenham.
  • Samuelson P.A. (2004), Where Ricardo and Mill rebut and confirm arguments of mainstream economists supporting globalisation, Journal of Economic Perspectives, 18, 135-148.
  • Stiglitz J.E. (2008), The future of global governance, in: N. Serra, J.E. Stiglitz (eds.), The Washington consensus reconsidered: towards a new global governance, Oxford University Press, Oxford.
  • Toda Y.H., Yamamoto T. (1995), Statistical inference in vector autoregressions with possibly integrated processes, Journal of Econometrics, 66, 225-250.
  • UNCTAD (2012), Trade, income distribution and poverty in developing countries: a survey, UNCTAD Discussion Paper, 207.
  • Zivot E., Andrews D. (1992), Further evidence on the great crash, the oil shock and the unit root hypothesis, Journal of Business and Economic Statistics, 10, 251-270.
Typ dokumentu
Bibliografia
Identyfikatory
Identyfikator YADDA
bwmeta1.element.ekon-element-000171283003

Zgłoszenie zostało wysłane

Zgłoszenie zostało wysłane

Musisz być zalogowany aby pisać komentarze.
JavaScript jest wyłączony w Twojej przeglądarce internetowej. Włącz go, a następnie odśwież stronę, aby móc w pełni z niej korzystać.