The Relationship between the Foreign Trade and Economic Growth: GMM Approach
نویسندگان
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doi
10.22067/pm.v16i26.1955چکیده
Trade liberalization in developing countries over the last 20 years, has often been implemented with the expectation of growth being stimulated; yet the evidence on its growth enhancing effects is mixed. This article analyses the relationship between liberalization and economic growth, using a dynamic panel framework. The findings indicate that liberalization does appear to have a positive impact upon growth, although small.