Trade Flows and Economic Growth Between Countries â€“ Members of the European Union

Zavou Argyro, Athanasios Anastasiou, Panagiotis Liargovas, Zacharias Dermatis and Dimitrios Komninos ()
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Zavou Argyro: Department of Economic Studies, University of Peloponnese, Greece

Noble International Journal of Economics and Financial Research, 2018, vol. 3, issue 7, 78-85

Abstract: The causal link between trade and economic growth has attracted the researchersâ€™ attention both theoretically and empirically. In this paper, it is investigated the causal relationship between exports and economic growth as well as the impact of other relevant macroeconomic variables such, imports and public debt. More specifically, we examine the causality between the logarithms of real GDP per capita, real exports, real imports and public debt in 28 European Union Countries from 2004 to 2014 (annual data) by using the method of panel data estimation. The results of panel data estimation indicate the presence of causality from both exports and imports to economic growth. Our empirical model provides forceful evidence in support of the export-led growth and import-led growth theory in EU-28 countries.

Keywords: Economic Growth; Exports; Imports; Government Debt; Panel Data Estimation (search for similar items in EconPapers)
Date: 2018
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Citations: View citations in EconPapers (2)

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Persistent link: https://EconPapers.repec.org/RePEc:nap:nijefr:2018:p:78-85

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