 Development Level, Trade and Economic Growth: Comparative Evidence from the More De¬veloped CountriesEconomia Internazionale / International Economics, 1996, vol. 49, issue 2, 221-234 Abstract: Numerous studies have uncovered a positive independent impact of trade on economie growth in less-developed countries (LDCs). The present paper examines the implications of development level for the benefits of trade by comparatively examining the empirical evidence for the more developed, industrialized market, countries (MDCs). The paper is motivated by the hypothesis that MDCs provide a more efficient institutional framework than LDCs for transmitting the incentives for growth induced by exports. Hence these countries may actually derive relatively large benefits from trade. Employing the usual export-augmented production function that incorporates labor, capital formation, and exports, an inter-country GDP growth over the 1960-1986 period is analyzed for the nineteen MDCs and, comparatively, for 64 LDCs. While exports are found to exert a positive independent influence on economie growth in MDCs as well as in LDCs, the paper further finds that the importance of trade for economie performance rnay be even greater for MDCs. Date: 1996 There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it. Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:ris:ecoint:0374 Access Statistics for this article Economia Internazionale / International Economics is currently edited by Giovanni Battista Pittaluga More articles in Economia Internazionale / International Economics from Camera di Commercio Industria Artigianato Agricoltura di Genova Via Garibaldi 4, 16124 Genova, Italy. Contact information at EDIRC. |
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