The impact of trade on economic growth

Nuno Leitão

MPRA Paper from University Library of Munich, Germany

Abstract: The purpose of this article is to investigate the impact of marginal intra-industry trade on economic growth. The manuscript questions the economic growth exogenous models. It introduces new proxies to explain the economic growth as in marginal intra-industry trade, foreign direct investment and globalization index. The results indicate that economic growth is a dynamic process. The change of intra-industry has a positive impact on economic growth. This paper confirms relevant theoretical hypothesis as foreign direct investment and globalization promote the economic growth. The good results obtained with GMM system estimator suggest that the building of dynamic theoretical models will be of interest to academic researchers the link between marginal intra-industry trade and economic growth.

Keywords: Endogenous models; Panel Data; and United States (search for similar items in EconPapers)
JEL-codes: C23 N1 (search for similar items in EconPapers)
Date: 2012-03-18
New Economics Papers: this item is included in nep-fdg and nep-int
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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:37425

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