Trade Liberalization Effects on Economic Growth, 1980-2022
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| Natura: | Artículo científico |
| Lingua: | en |
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Instituto Mexicano de Ejecutivos de Finanzas A.C.
2024
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| _version_ | 1876422812003991552 |
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| author | Christian Said Domínguez Blancas |
| author_facet | Christian Said Domínguez Blancas |
| contents | Trade Liberalization Effects on Economic Growth, 1980-2022 Christian Said Domínguez Blancas Gerardo Ángeles Castro Economía y Finanzas Trade panel data income inequality GDP per capita growth The orthodox view of the effect of trade on GDP per capita assumes greater growth and equity, the heterodox theory refutes the argument and predicts inequitable and divergent results between countries. We resume the discussion using information from 1980 to 2022 in 102 countries, applying a panel data methodology and slope disaggregation. The goal is to test whether trade has adverse effects in lower-income countries and how the effect has changed over time. The results show that trade negatively affects GDP per capita growth mainly through imports, this tends to worsen over time and the impact is greater in poor countries. The main implication is the growing income divergence between nations; the recommendation is that governments and multilateral organizations continue to explore ways to balance and socialize trade. It is concluded that heterodox postulates, such as the vision of Thirlwall on trade, continue to be valid. The originality of the document lies in the disaggregation of results by countries and time blocks, as well as exports and imports.JEL Classification: B5, C5, C33, F1, F4, 057. 2024 artículo científico 1665-5346 https://www.redalyc.org/articulo.oa?id=423780728005 https://www.redalyc.org/journal/4237/423780728005/ https://www.redalyc.org/journal/4237/423780728005/html/ https://www.redalyc.org/journal/4237/423780728005/423780728005.epub https://www.redalyc.org/journal/4237/423780728005/movil 10.21919/remef.v19i3.992 en http://www.redalyc.org/revista.oa?id=4237 Revista Mexicana de Economía y Finanzas. Nueva Época / Mexican Journal of Economics and Finance application/pdf Instituto Mexicano de Ejecutivos de Finanzas A.C. Revista Mexicana de Economía y Finanzas. Nueva Época / Mexican Journal of Economics and Finance (México) Num.3 Vol.19 |
| format | Artículo científico |
| id | redalyc_423780728005 |
| institution | Redalyc |
| language | en |
| publishDate | 2024 |
| publisher | Instituto Mexicano de Ejecutivos de Finanzas A.C. |
| spellingShingle | Trade Liberalization Effects on Economic Growth, 1980-2022 Christian Said Domínguez Blancas Economía y Finanzas Trade panel data income inequality GDP per capita growth Trade Liberalization Effects on Economic Growth, 1980-2022 Christian Said Domínguez Blancas Gerardo Ángeles Castro Economía y Finanzas Trade panel data income inequality GDP per capita growth The orthodox view of the effect of trade on GDP per capita assumes greater growth and equity, the heterodox theory refutes the argument and predicts inequitable and divergent results between countries. We resume the discussion using information from 1980 to 2022 in 102 countries, applying a panel data methodology and slope disaggregation. The goal is to test whether trade has adverse effects in lower-income countries and how the effect has changed over time. The results show that trade negatively affects GDP per capita growth mainly through imports, this tends to worsen over time and the impact is greater in poor countries. The main implication is the growing income divergence between nations; the recommendation is that governments and multilateral organizations continue to explore ways to balance and socialize trade. It is concluded that heterodox postulates, such as the vision of Thirlwall on trade, continue to be valid. The originality of the document lies in the disaggregation of results by countries and time blocks, as well as exports and imports.JEL Classification: B5, C5, C33, F1, F4, 057. 2024 artículo científico 1665-5346 https://www.redalyc.org/articulo.oa?id=423780728005 https://www.redalyc.org/journal/4237/423780728005/ https://www.redalyc.org/journal/4237/423780728005/html/ https://www.redalyc.org/journal/4237/423780728005/423780728005.epub https://www.redalyc.org/journal/4237/423780728005/movil 10.21919/remef.v19i3.992 en http://www.redalyc.org/revista.oa?id=4237 Revista Mexicana de Economía y Finanzas. Nueva Época / Mexican Journal of Economics and Finance application/pdf Instituto Mexicano de Ejecutivos de Finanzas A.C. Revista Mexicana de Economía y Finanzas. Nueva Época / Mexican Journal of Economics and Finance (México) Num.3 Vol.19 |
| title | Trade Liberalization Effects on Economic Growth, 1980-2022 |
| topic | Economía y Finanzas Trade panel data income inequality GDP per capita growth |
| url | https://www.redalyc.org/articulo.oa?id=423780728005 https://www.redalyc.org/journal/4237/423780728005/ https://www.redalyc.org/journal/4237/423780728005/html/ https://www.redalyc.org/journal/4237/423780728005/423780728005.epub https://www.redalyc.org/journal/4237/423780728005/movil |