1. International Trade and Economic Growth
Theories Relating Trades and Growth 2.1 Internally-generated growth hypothesis • Jung and Marshall (1985) claim that output growth causes export growth. The growth of the economy many precede trade growth. ... Hence, higher economic growth causes higher exports. 2.2 Export-Led Growth Hypothesis • This hypothesis not only implies the presence of positive correlation between export growth and economic growth, but also that the former unidirectionally causes the latter. ... This is good because it improves economic performance and growth. ... Trade: Engine of Economic Growth Cros...
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- Approx Pages: 7
- Grade Level: Undergraduate