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Trade and economic growth Does the sophistication of traded goods matter

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Main Authors: P. Niluka S. P., Ekanayake, Jakob B., Madsen, Tushar, Bharati
Format: Book
Language:English
Published: Springer 2023
Subjects:
Trade and economic growth
sophistication of traded
Online Access:https://link.springer.com/article/10.1007/s10887-023-09224-w
https://dlib.phenikaa-uni.edu.vn/handle/PNK/7755
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spelling oai:localhost:PNK-77552023-04-11T03:46:18Z Trade and economic growth Does the sophistication of traded goods matter P. Niluka S. P., Ekanayake Jakob B., Madsen Tushar, Bharati Trade and economic growth sophistication of traded CC BY Since the appearance of the seminal paper of Frankel and Romer (Am Econ Rev 89(3): 379–399, 1999), ‘Does trade cause growth?’, the impact of aggregate trade openness on income has been controversial. This research shows that the type of product that is traded has first-order effects, while overall trade intensity has second-order effects on per capita income because of (i) the hierarchical structure of learning-by-doing in products with different levels of sophistication of the production processes; and (ii) the fertility and education effects of trade specialization following the quantity–quality tradeoff framework of Galor and Mountford (Am Econ Rev 96(2): 299–303, 2006). Using data on trade disaggregated by the level of technological sophistication of the production process for 223 countries over the period 1962–2019, we find that (1) the effects of foreign trade on income differ widely across technology categories; (2) high-tech trade has permanent growth effects; and (3) a significant fraction of the impact of trade on income is mediated through education and fertility. 2023-04-11T03:46:17Z 2023-04-11T03:46:17Z 2023 Book https://link.springer.com/article/10.1007/s10887-023-09224-w https://dlib.phenikaa-uni.edu.vn/handle/PNK/7755 en application/pdf Springer
institution Digital Phenikaa
collection Digital Phenikaa
language English
topic Trade and economic growth
sophistication of traded
spellingShingle Trade and economic growth
sophistication of traded
P. Niluka S. P., Ekanayake
Jakob B., Madsen
Tushar, Bharati
Trade and economic growth Does the sophistication of traded goods matter
description CC BY
format Book
author P. Niluka S. P., Ekanayake
Jakob B., Madsen
Tushar, Bharati
author_facet P. Niluka S. P., Ekanayake
Jakob B., Madsen
Tushar, Bharati
author_sort P. Niluka S. P., Ekanayake
title Trade and economic growth Does the sophistication of traded goods matter
title_short Trade and economic growth Does the sophistication of traded goods matter
title_full Trade and economic growth Does the sophistication of traded goods matter
title_fullStr Trade and economic growth Does the sophistication of traded goods matter
title_full_unstemmed Trade and economic growth Does the sophistication of traded goods matter
title_sort trade and economic growth does the sophistication of traded goods matter
publisher Springer
publishDate 2023
url https://link.springer.com/article/10.1007/s10887-023-09224-w
https://dlib.phenikaa-uni.edu.vn/handle/PNK/7755
_version_ 1762909083488223232
score 8.891145

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