The Effects of International Trade on Economic Development: The Findings for Developed and Developing Countries
Journal Title: Mehmet Akif Ersoy Üniversitesi Uygulamalı Bilimler Dergisi - Year 2019, Vol 3, Issue 2
Abstract
In this study, the relationship between trade openness and economic development of countries is examined empirically. The findings were obtained by using panel data analysis for 28 developed and 30 developing countries in the period from 2010 to 2016. In this study, it is concluded that international trade has different effects on country groups. While trade openness positively affects the economic development that is measured in per capita income based on purchasing power parity in developed countries, it affects negatively in developing countries. In developed countries, investment and government expenditure outside of trade have statistically significant effects on economic development, while in developing countries, investment and inflation have statistically significant effects.
Authors and Affiliations
Süreyya KOVACI
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- EP ID EP665788
- DOI 10.31200/makuubd.622417
- Views 120
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