Economic Growth and the Role of Trade in Intermediates
20 Pages Posted: 18 May 2012
Date Written: May 16, 2012
We estimate the effect of imports and exports of intermediates on economic growth in a panel of more than 100 among developed and developing economies. We find that both capital and intermediate imports positively affect growth. The overall effect is driven by the effect of imports in developing countries. This role for imports is especially confined to imports from high income economies. Exports do not appear to affect growth in the long run.
Keywords: imports, exports, economic growth
JEL Classification: F15, F43, O40
Suggested Citation: Suggested Citation
Lo Turco, Alessia, Economic Growth and the Role of Trade in Intermediates (May 16, 2012). Available at SSRN: https://ssrn.com/abstract=2061067 or http://dx.doi.org/10.2139/ssrn.2061067
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