The Relationship between International Trade and Economic Growth in Different Development of Countries

• Main Authors: Hsieh, Kuan-Cheng, 謝冠程
• Other Authors: Huang, Yo-Yi
• Format: Others
• Language: zh-TW
• Published: 2016
• Online Access: http://ndltd.ncl.edu.tw/handle/77221196525244739450

碩士 === 國立臺灣海洋大學 === 應用經濟研究所 === 104 === Over the recent decades, the technology has been improved. Especially transport technology. Thus, the international trade is more frequent between countries. We wonder how countries influenced by international trade? We realize the trade not only affected to country’s economic growth but also affected to country’s industries development. So this paper empirically examines the extent to which a country’s economic growth is influenced by international trade. According to Arora and Vamvakidis (2004) established model, and divided three groups to observed international trade affected to country’s economic growth in 2008 financial crisis. Using annual information for 176 countries for period 2007-2013 empirical results show that international trade has a strong effect on country’s economic growth. Our mainly results as follows: (1) Firstly, the overall aspects such as foreign direct investment, inflation rate and population growth rate have significantly positive effect to the national economic. On the other hand, the impact of international trade on national economic is also positive and significant, except the period 2008-2009. (2) Secondly, in individual industry, we found the industry trade of natural resource-intensive, unskilled labor-intensive, technology intensive and human capital-intensive have positive effect to economic growth. Especially the natural resource-intensive and human capital-intensive have strong influence. (3) Lastly, we found natural resource-intensive effect substantially larger than that among low income countries. Unskilled labor-intensive and human capital-intensive industries affect more larger among middle income countries. High income countries are influenced by technology intensive industries more obvious. Our findings as follows: different income countries are influenced by different industry trade.