Estimating the Impact of Foreign Trade on GDP Growth in Sweden
Evidence from Historical Data 1800–2000
• Author(s): Manuchehr Irandoust
• Published: September 2017
• Pages in paper: 20
Abstract
This paper uses historic economic data to review Swedish foreign trade and industrial policy over the period 1800–2000. The long-term causal relationships between imports, exports and economic growth are examined. The results show that there exists a long-term relationship between imports, exports and growth and that the causality is bidirectional between the variables, implying a feedback effect. The findings indicate there was no productivity gap between Sweden and the rest of the world; the country did not violate its international budget constraint; growth- and export-promoting policies were successful; and intra-industry trade had a significant role in shaping Sweden’s exports and imports.
Register for personal access to all papers for just £47.99
To download papers you need a subscription to World Economics Journal.
Get access to the full 20 year archive of thousands of papers and abstracts.
Order online now for 1 years immediate access for 1 user via username/password.
You do not need a PayPal account to pay by card.
Institutional Subscriptions, Contact Us
Existing Subscriber Log-in