Trade and economic growth (英语)

The degree of openness of a country tends to be found to be a robust determinant of growth in GDP per capita in cross-country and panel growth regressions. Furthermore, Ben-David (1996) shows that trade incentivates income convergence (among groups of trading partners). From a theoretical point of view, international trade allows for specialization through comparative advantages, the exploitation of increasing returns from larger markets and incentivates...
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