STUDY OF THE RELATIONSHIP BETWEEN ECONOMIC GROWTH AND INTERNATIONAL TRADE

Authors

  • Mansi Mahi Teachers’ Training College, Bhagalpur
  • Priyanka Kumari Teachers’ Training College, Bhagalpur

Keywords:

Economic Growth, Economic Development, Trade, International Trade

Abstract

This paper explores the complex relationship between economic growth and international trade, examining how trade can influence economic growth and vice versa. Through a review of theoretical frameworks and empirical evidence, the paper highlights the mechanisms by which international trade contributes to economic growth and identifies the conditions under which trade may have a positive or negative impact on growth. The findings suggest that while international trade is generally beneficial to economic growth, the outcomes are significantly influenced by factors such as trade policies, market structures, and the level of economic development.

References

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II. Frankel, J. A., & Romer, D. (1999). Does Trade Cause Growth? American Economic Review, 89(3), 379-399.

III. Krugman, P. (1979). Increasing Returns, Monopolistic Competition, and International Trade. Journal of International Economics, 9(4), 469-479.

IV. Rodriguez, F., & Rodrik, D. (2000). Trade Policy and Economic Growth: A Skeptic's Guide to the Cross-National Evidence. In B. Bernanke & K. Rogoff (Eds.), NBER Macroeconomics Annual 2000 (pp. 261-325). MIT Press.

V. Sachs, J. D., & Warner, A. (1995). Economic Reform and the Process of Global Integration. Brookings Papers on Economic Activity, 1995(1), 1-118.

Additional Files

Published

15-07-2021

How to Cite

Mansi Mahi, & Priyanka Kumari. (2021). STUDY OF THE RELATIONSHIP BETWEEN ECONOMIC GROWTH AND INTERNATIONAL TRADE. International Educational Journal of Science and Engineering, 4(4). Retrieved from https://iejse.com/journals/index.php/iejse/article/view/122