Does Trade Support Global Output Growth? Further Evidence on the Global Trade - Global Output Connection

• Autorzy: Leon Podkaminer
• Języki publikacji: EN

Abstrakty

EN

Using the standard tools of time series econometrics, this paper suggests that rising international trade may not have been supporting global economic growth (while growing global output seems to have supported growing global trade). Large and persistent trade imbalances, typical since the mid-1970s, are just one possible reason for trade no longer playing the positive role assigned to it in the mainstream trade theories. The second reason relates to the 'race-to-the-bottom' tendencies with respect to the wage rates which have developed under globalization. (original abstract)

Słowa kluczowe

EN

World economy; Globalization; International trade; Economic growth; Production

PL

Gospodarka światowa; Globalizacja; Handel międzynarodowy; Wzrost gospodarczy; Produkcja

• Czasopismo: Bank i Kredyt
• Rocznik: 2021
• Numer: nr 1
• Strony: 23--36

Twórcy

autor

Leon Podkaminer

• Vienna Institute for International Economic Studies

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