An Econometric Model of the Relationship between Foreign Trade and Economic Growth in China

2009 ◽  
Author(s):  
Fengsheng Li ◽  
Weidong Jiang ◽  
Li Wen
Keyword(s):  
Economic Growth ◽  
Foreign Trade ◽  
Econometric Model ◽  
The Relationship

scholarly journals LA COMPOSICIÓN DE LA CAPACIDAD TRIBUTARIA: EVIDENCIA PARA UN PANEL DE PAÍSES

2021 ◽  
Vol 81 (319) ◽  
pp. 63
Author(s):  
Nancy Ivonne Muller Durán
Keyword(s):  
Economic Growth ◽  
Economic Development ◽  
Foreign Trade ◽  
Economic Activity ◽  
Income Levels ◽  
Panel Models ◽  
Fiscal Reforms ◽  
Para Determinar ◽  
The Relationship ◽  
Tax Capacity

<p>En este documento analizo la relación que existe entre el crecimiento económico, el comercio exterior y la capacidad tributaria. Sostengo que los impuestos no necesariamente distorsionan la eficiencia y que dependen de la actividad económica. Para documentar la hipótesis realizo cuatro modelos panel cointegrados para un grupo de 55 países y su subsecuente división de acuerdo con tres niveles de ingreso para el periodo de 1990-2018. Los resultados obtenidos muestran que el crecimiento económico es una condición <em>sine qua non</em> para determinar la capacidad recaudatoria pero no es suficiente en aquellos países con desigualdad económica. Por lo tanto, es necesario estimular el desarrollo económico y promover reformas fiscales progresivas.</p><p> </p><p align="center">THE COMPOSITION OF TAX EFFORT: EVIDENCE FOR A PANEL OF COUNTRIES.</p><p align="center"><strong>ABSTRACT</strong></p><p>This document analyzes the relationship between economic growth, foreign trade and tax capacity. It is argued that taxes do not distort efficiency and that they depend on economic activity. In order to empirically support our hypothesis, four cointegrated panel models are carried out for a group of 55 countries and their subsequent division according to three income levels for the period 1990-2018. The results obtained show that economic growth is a <em>sine qua non</em> condition for determining tax capacity, but it is not enough in countries plagued with economic inequality. Therefore, it is necessary to stimulate economic development and promote progressive fiscal reforms.</p>

scholarly journals TRADE RESTRICTIONS IN THE CONTEXT OF FOREIGN TRADE LIBERALIZATION

2020 ◽  
Vol 1(13) ◽  
pp. 51-55
Author(s):  
Kateryna Pugachevska ◽  
Keyword(s):  
Economic Growth ◽  
Economic Development ◽  
Foreign Trade ◽  
Trade Liberalization ◽  
Positive Impact ◽  
Trade Restrictions ◽  
Economic Interests ◽  
National Economic ◽  
The Impact ◽  
The Relationship

Research on the impact of the external component on economic growth shows the prevailing view of the positive impact of foreign trade and its liberalization on economic growth. At the same time, discussions on trends in foreign trade liberalization are part of the issue of contradictory impact of free cross-border movement of goods, capital and labor on the economic development. The majority of sources on endogenous growth contains a range of models for the relationship between trade restrictions and economic growth. Therefore, the aim of the article is to study trade restrictions in the context of foreign trade liberalization. At a high level of economic development, the liberalization of the economy allows to increase the benefits of foreign trade, but the issues related to the opening of national markets in the economic periphery remain controversial. The article considers the essence and classification of foreign trade restrictions. The views of scholars of leading economic schools on the relationship between trade liberalization and economic growth have been represented. It has been determined, that the main trends in the liberalization of foreign trade are: expanding the scope of regulatory measures by both national governments and global trade institutions; coordination and intensification of international cooperation in the areas of multilateral liberalization of foreign trade; growing non-tariff barriers to the development of international trade. The results of the study allow to deepen the understanding of the peculiarities of ensuring national economic interests in the conditions of dynamization of foreign trade. Key words: trade restrictions, national economic interests, import regulation, foreign trade liberalization, tariff and non-tariff restrictions.

Is foreign trade relevant to economic growth in the SADC region?

GIS Business ◽  
2019 ◽  
Vol 14 (6) ◽  
pp. 17-54
Author(s):  
David Damiyano ◽  
Nirmala Dorasamy
Keyword(s):  
Economic Growth ◽  
Foreign Trade ◽  
Market Access ◽  
Empirical Studies ◽  
Theoretical Models ◽  
Infrastructure Development ◽  
Growth Performances ◽  
Real Market ◽  
Export Industries ◽  
The Relationship

The relationship between foreign trade and economic growth is one of the controversial subjects in  economics. Theoretical models have been  developed  and  empirical  studies have been carried out  but the results obtained are mixed and up to now, there is no unique answer with regard to the same study. This paper examines the relationship between foreign trade and economic growth taking SADC countries as the laboratory test ground. Growth performances have not been consistent within the SADC region and  weak regional trade performance is by the virtue of the fact that  they focused  more on elimination of trade barriers instead of  concentrating  on  the  development  of  the productive capacities necessary for trade. The research used panel data gathered from SADC trade database, International Monetary Fund, and World Bank. Using panel regression analysis of  15 SADC member states, the paper demonstrates that foreign trade promotes economic growth but it was found to have a moderate effect on growths of SADC countries. Based on the findings, the paper recommends SADC member countries to devise energetic industrial policies geared towards developing export industries and also to implement the SADC Regional Infrastructure Development Master Plan in order to improve trade within the region so as to realise real market access benefits brought about by trade liberalization.

scholarly journals The Contribution of Technology Finance to the Quality of Economic Growth - Empirical Analysis Based on Spatial Econometric Model

2019 ◽  
Author(s):  
Yuming Xu ◽  
Xu Zhou ◽  
Zhiqiang Li
Keyword(s):  
Economic Growth ◽  
Economic Development ◽  
Econometric Model ◽  
Entropy Method ◽  
Eastern Region ◽  
Promoting Effect ◽  
Spatial Econometric ◽  
Spatial Econometric Model ◽  
The Relationship

(1) Background: Most of the existing studies focus on the evaluation of technology finance; the relationship between technology finance and technology innovation. But there are few studies on the development of technology finance and the quality of economic development in our country; (2) Methods: Based on the panel data of 30 provinces in China, this paper constructs an index system to measure the development of technology finance through the improved entropy method, and tests the spatial correlation of the development of technology finance in China by Moran'I index. According to the test results, this paper constructs a spatial econometric model to empirically analyze the promoting effect of scientific, technological and financial development on high-quality economic development, and analyzes its promoting effect in different regions and different time periods; (3) Results: The results show that the quality of China's economic growth is spatially dependent, and the development of science, technology and finance can significantly promote the quality economic development in China. And the promotion coefficient of the central region is the largest, as well as the coefficient of the eastern region is the smallest. The promotion coefficient was small and not significant before 2015, and was significantly positive after 2015; (4) Conclusions: this paper puts forward the corresponding policy recommendations according to the research results.

scholarly journals FEATURES OF THE DEVELOPMENT OF FIXED CAPITAL IN THE UNITED STATES: LESSONS FOR RUSSIA

2019 ◽  
Vol 3 (1) ◽  
pp. 161-168
Author(s):  
Boris Lavrovskii ◽  
Ekaterina Goryushkina ◽  
Evgeny Shiltsin
Keyword(s):  
United States ◽  
Economic Growth ◽  
Growth Rate ◽  
Econometric Model ◽  
The United States ◽  
Gdp Growth ◽  
Unit Costs ◽  
Gdp Growth Rate ◽  
Intellectual Product ◽  
The Relationship

The article on the example of the United States demonstrates the relationship between economic growth and investment expenditures on the growth of a unit of GDP. The assumption is made that the dynamics of unit costs of investments (need for unit costs) is determined by the share of the intellectual product in productive investment. Based on the Cobb-Douglas function econometric model was constructed, which relates the GDP growth rate to the intellectual product. Communication estimates are given.

scholarly journals Gravitational econometric models of foreign trade of the EAEU+ countries: analysis, assessment and search for sources of inclusive economic growth

2021 ◽  
pp. 196-226
Author(s):  
Kobiljon Kh. Zoidov ◽  
◽  
Zafar K. Zoidov ◽  
Keyword(s):  
Economic Growth ◽  
Foreign Trade ◽  
National Economy ◽  
System Analysis ◽  
Econometric Model ◽  
Econometric Models ◽  
Study Results ◽  
The Future ◽  
Trade Turnover ◽  
Foreign Trade Turnover

The article presents an analysis and assessment of Russia's foreign trade cooperation based on the gravitational econometric model with other EAEU+ countries with which there are stable economic relations. Inclusive growth is understood as economic growth aimed at creating favorable conditions for improving the quality of life and ensuring equal opportunities for all groups of the population in the national economy. Ensuring economic inclusion is the most important condition for sustainable economic growth. The main idea of the approach is a gravitational econometric model of foreign trade and foreign trade turnover, which directly depends on the economic capabilities of trading countries (GDP) and inversely depends on the distance between these countries. Goal. To test the hypothesis that the growth of income from trade is possible in the future, taking into account the growth of GDP in the EAEU+ member states. To develop gravitational econometric models of Russia's foreign trade within the framework of the development and expansion of the EAEU. Tasks. To present a retrospective analysis of the foreign economic activity of Russia and other EAEU+ countries in the period from 1991 to 2021. To analyze, evaluate and search for sources of inclusive economic growth based on the use of gravitational econometric models of foreign trade of the EAEU+ countries. Methodology. The methods of system analysis, classification and comparison, evolutionary-institutional theory and analytical approach were applied in the course of the study. Results. The high empirical accuracy of gravitational econometric models, demonstrated by their use in research, allows us to build the most reliable medium-term forecasts of economic growth and development of foreign trade, to search for the optimal scenario for the realization of the export potential of the national economy to adapt to the geo-graphical trade race. It should be noted that the use of gravitational economic models to identify trade relations that can be implemented both locally and globally. Conclusions. Based on the results of the gravitational econometric model of foreign trade, it is established that in the future the growth of trade turnover between the EAEU+ countries are possible taking into account the GDP growth of these countries. The EAEU+ countries have significant economic potential to increase mutual trade flows and further integration into world trade.

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