The Relationship between the Foreign Trade and Economic Growth: GMM Approach

نویسندگان

1 دانشگاه علوم پزشکی تهران

2 دانشگاه علوم پزشکی شهید بهشتی

3 دانشگاه آزاد اسلامی

doi
10.22067/pm.v16i26.1955
چکیده

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.