Growth Gains from Trade
Growth Gains from Trade
复制标题
贸易带来的增长收益
DOI：
10.1596/1813-9450-7905
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发表时间：
2016
期刊：
影响因子：
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通讯作者：
C. Veeramani
中科院分区：
文献类型：
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作者：
S. Marjit;Anwesha Basu;C. Veeramani
本文重新审视了国际贸易与经济增长之间的关系。我们分别测量了中间投入和最终产品的贸易开放度指数，发现前者在解释贸易增长收益方面具有重要意义。利用WORLD KLEMS数据库中的行业生产率和产出数据以及全球投入产出表构建贸易开放度测度，对21个国家、30个行业、15年的贸易开放度进行实证分析，结果表明中间产品和资本产品的贸易开放度对经济增长具有显著的促进作用。在大多数规格中，最终消费品方面的开放性是微不足道的。我们还估计了传统的跨国增长回归，其中我们使用贸易数据来构建174个国家的两个贸易开放度指数。在这里，我们再次发现，是中间产品和资本货物的进口导致了真实的人均收入的增长。我们的实证结果与我们的理论模型相一致，在我们的模型中，我们表明，在没有强加任何移植结构的情况下，中间产品贸易直接导致相对于自给自足的更高增长，而不是最终产品贸易。
This paper revisits the relationship between international trade and economic growth. We measure trade openness indices separately with respect to intermediate inputs and final goods and find that it is the former which turns out to be significant in explaining growth gains from trade. Using sectoral level data from WORLD KLEMS Database on industrial productivity and output and global input output tables to construct the measures of trade openness, our empirical analysis covering 21 countries, 30 industries and 15 years reveals that trade openness in terms of intermediate and capital goods lead to economic growth. Openness in terms of final consumer goods turns out to be insignificant in most specifications. We also estimate traditional cross country growth regressions where we use trade data to construct the two trade openness indices for 174 countries. Here again, we find that it is import of intermediate and capital goods that results in real per-capita income growth. Our empirical results are in line with our theoretical model, where we show, without imposing any transplanted structure in our model that trade in intermediate goods directly leads to higher growth relative to autarky as opposed to trade in final goods.