Growth and EU Trade Relations: A Case Study

Aristea Gkagka and Grigoris Zarotiadis
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Aristea Gkagka: University of Ioannina, Greece

South-Eastern Europe Journal of Economics, 2011, vol. 9, issue 1, 1-11

Abstract: Our analysis differs in two ways from the existing trade / growth literature. First, we testify the validity of the four thinkable relevant hypotheses for the same dataset simultaneously: export-led growth, import-led growth, growth-led imports and growth-led exports. Second, we check for the different effects that might result from trading within a regional trade agreement regime. We see that trading partners do matter: EU-15 growth seems to be favored by intra-EU expports and imports from the rest of the world, with the exception of China. Yet, the reversed hypotheses are not confirmable. Therefore, even if trading with specific countries creates positive growth effects, they are not likely to be long-lasting.

Keywords: Trade; &; Growth; Relations (search for similar items in EconPapers)
JEL-codes: F43 (search for similar items in EconPapers)
Date: 2011
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Citations: View citations in EconPapers (1)

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