ARE INTERNATIONAL TRADE FLOWS A VECTOR OF GLOBALIZATION?

Sebastian-Florian Enea ()
Additional contact information
Sebastian-Florian Enea: Alexandru Ioan Cuza University of Iasi, Romania

EURINT, 2015, vol. 2, 165-174

Abstract: International commerce and regional integration have long been considered key determinants of national development. The purpose of the present paper is to answer the question whether international trade flows are a vector of globalization and economic growth. In order to achieve this, we have conducted panel data analysis on a sample consisting of members from regional economic structures, such as the E.U., NAFTA, MERCOSUR and ASEAN, and covering a time span of 24 years, from 1990 to 2013. The results of the study underline the fact that, on average and taking into account the heterogeneity of the sample, international commerce counts from around 50 % of the annual economic growth. The future research direction will aim to conduct a more thorough analysis, by focusing more on the regional perspective.

Keywords: globalization; trade flows; panel data analysis; EU; MERCOSUR (search for similar items in EconPapers)
Date: 2015
References: Add references at CitEc
Citations:

Downloads: (external link)
http://cse.uaic.ro/eurint/proceedings/index_htm_files/EURINT2015_ENE.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:jes:eurint:y:2015:v:2:p:165-174

Access Statistics for this article

More articles in EURINT from Centre for European Studies, Alexandru Ioan Cuza University Contact information at EDIRC.
Bibliographic data for series maintained by Alupului Ciprian ().