scholarly journals A Literature Review on the Relationship between Foreign Trade and Economic Growth

Author(s):  
Huan Chen
2021 ◽  
Vol 81 (319) ◽  
pp. 63
Author(s):  
Nancy Ivonne Muller Durán

<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>


2020 ◽  
Vol 10 (1) ◽  
pp. 79-88
Author(s):  
Muhammad Hidayat ◽  
Syafruddin Karimi

Economists have long believed that economic growth will solve the problem of inequality and poverty. For decades, the question of whether and how inequality affects growth has been the subject of open debate in the academic world. In the same section, the redistribution which is considered part of the equalization step also has positive and negative impacts on economic growth. This paper presents a literature review consisting of several sections including: 1) literature review on the relationship between inequality and growth; 2) the relationship between redistribution and growth; 3) even distribution of infrastructure is part of the form of redistribution.


2019 ◽  
Vol 64 (6) ◽  
pp. 61-72
Author(s):  
Czesław Domański ◽  
Alina Jędrzejczak

The relationship between statistics and economic growth of a country,dating back to ancient times, was always strong. With no doubt, it may be assumed that the development of statistics have an influence on the economic growth. Among the benefits of properly working official statistics system, including surveys and education, there is also the increased production efficiency and rapid growth of innovativeness. The aim of the article is to present the importance of official statistics for the economic growth at national and regional level. The study is based on literature review concerning history of statistics and achievements of its fathers in selected countries as well as on Statistics Poland data regarding economic growth in Poland in the regional scope.


Author(s):  
Kateryna Pugachevska ◽  

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.


GIS Business ◽  
2019 ◽  
Vol 14 (6) ◽  
pp. 17-54
Author(s):  
David Damiyano ◽  
Nirmala Dorasamy

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.


2019 ◽  
Vol 9 (4) ◽  
pp. 179
Author(s):  
Ejiro U. Osiobe

This work aims to examine the relationship between human capital and economic growth. The study analyzes datasets from previous works, reviews previous literature, and draws some conclusions on human capital and economic growth. The paper summarizes articles on human capital in terms of (i) the theoretical framework of economic growth theory, (ii) the neo-classical growth model, (iii) the Solow growth production-function, (iv) the new endogenous theory, and (v) empirical evidence on the relationship and causal link between human capital and economic growth. Assessing the literature on human capital and economic growth will serve as a comprehensive literature guide to policy formulation and implementation in the short-run and long-run of creating developmental goals for any region.


2016 ◽  
Vol 13 (1) ◽  
pp. 569 ◽  
Author(s):  
Şefik Özdemir ◽  
Nahit Yılmaz ◽  
Talip Arsu ◽  
Yusuf Polat

<p>Entrepreneurship education is one of the fastest growing areas in the world. One of the main reasons is the assumption that entrepreneurship education plays an important role in solving the chronic challenges such as employment, economic growth, poverty via developing entrepreneurship. Entrepreneurship education is given to develop entrepreneurship in many countries which are trying to eliminate these problems. It is one of the most curious subject whether entrepreneurial education contributes to entrepreneurial activities. Therefore, in many studies it has been tried to explain the connection between entrepreneurship education and entrepreneurial activity. In our study, we conducted a literature review on the relationship between entrepreneurship education and entrepreneurial activities. Following the literature review, some proposals have been developed by comparison the studies abroad with the studies in Turkey.</p><p> </p><p><strong>Özet</strong></p><p>Girişimcilik eğitimi dünya genelinde en hızlı büyüyen alanlardan bir tanesidir. Bunun temel nedenleri arasında girişimcilik eğitiminin girişimciliği geliştirerek istihdam, ekonomik büyüme, yoksulluk gibi kronikleşen önemli sorunların çözümünde önemli rol oynadığı düşüncesidir. Bu problemleri bertaraf etmeye çalışan birçok ülkede girişimciliği geliştirmek için girişimcilik eğitimi verilmektedir. Verilen girişimcilik eğitimlerinin girişimcilik faaliyetlerine katkı verip vermediği en çok merak edilen konulardan birisidir. Bu nedenle yapılan birçok çalışmada, girişimcilik eğitimi ve girişimcilik faaliyetlerinin arasındaki bağlantıyı anlamaya çalışmıştır. Çalışmamızda girişimcilik eğitimi ve girişimcilik faaliyetleri arasındaki bağlantı ile ilgili bir literatür taraması yapılmıştır. Literatür taraması sonucunda, yurt dışında yapılan çalışmalar ile Türkiye’de yapılan çalışmalar kıyaslanarak öneriler geliştirilmiştir.</p>


Economies ◽  
2019 ◽  
Vol 7 (2) ◽  
pp. 56 ◽  
Author(s):  
Li ◽  
Sun ◽  
Luo ◽  
Kang ◽  
Jia

This paper presents an interactive study on the relationship between the foreign trade structure, opening degree and economic growth of the provinces in western China (except Tibet). It shows that the export of primary products and labor-intensive products has a positive impact on the external development of the western region, while the export of capital and technology-intensive products has a smaller inhibitory effect on it. At the same time, the system GMM model shows that the opening degree of the western region has a positive effect on economic growth. After including the foreign trade structure interaction item, this result has not changed, and on the basis of opening up to the outside world, the export of labor-intensive products and capital-intensive products plays a significant role in promoting economic development. Therefore, this paper holds that the western region should optimize its foreign trade structure, continue to promote the construction of foreign trade demonstration, and give priority to the development of local characteristic industries to promote economic growth.


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