Does Trade Drive Global Growth?
By: Podkaminer, Leon.
Material type:
BookSeries: wiiw Research Reports: 386Publisher: Wien : Wiener Institut für Internationale Wirtschaftsvergleiche (wiiw), 2013Description: 19 S., 4 Tables and 6 Figures, 30cm.Subject(s): world income | world trade | growth | globalization | VEC | Granger causalityCountries covered: non specificwiiw Research Areas: International Trade, Competitiveness and FDI | Macroeconomic Analysis and PolicyClassification: F43 | F15 | O41 | O49 Online resources: Click here to access online Summary: Conventional econometric analysis using VEC suggests that there is a long-term relationship between nominal world GDP and nominal world exports. The analysis cannot say anything about the causal relationships between the levels of GDP and exports. But it says a lot about the rules governing the short-term adjustments in GDP and exports. When considering such short-term adjustments, GDP plays the first fiddle. Short-term GDP changes have driven short-term changes in world exports, at least over the years 1987-2008. But the short-term changes in world exports did not ‘cause’ positive short-term changes in GDP.
| Cover image | Item type | Current library | Home library | Collection | Shelving location | Call number | Materials specified | Vol info | URL | Copy number | Status | Notes | Date due | Barcode | Item holds | Item hold queue priority | Course reserves | |
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| Paper | WIIW Library | 5.600/386 (Browse shelf(Opens below)) | Available | 1000010002907 |
Conventional econometric analysis using VEC suggests that there is a long-term relationship between nominal world GDP and nominal world exports. The analysis cannot say anything about the causal relationships between the levels of GDP and exports. But it says a lot about the rules governing the short-term adjustments in GDP and exports. When considering such short-term adjustments, GDP plays the first fiddle. Short-term GDP changes have driven short-term changes in world exports, at least over the years 1987-2008. But the short-term changes in world exports did not ‘cause’ positive short-term changes in GDP.
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