The link between trade and growth

Some questionable assumptions

Authors

DOI:

https://doi.org/10.48001/jbmis.2023.1001001

Keywords:

Trade growth, assumptions, trade models

Abstract

It is often assumed that trade would definitely boost economic growth in a country. But the fact is that this seemingly natural correlation may not hold in reality. The paper presents various assumptions that trade models assume but they may not hold good in real world.

References

Baker, Dean.,Weisbrot, Mark. The relative impact of trade liberalization on developing countries, Investigacion Economica, Vol. LXII, number 244, April-June, 2003, pp15-55. http://www.redalyc.org/articulo.oa?id=60124401

Bansal, S., & Goel, T. (2021). A Review on Beneficiaries’ Contentment Towards Medical Services Under Employees’ State Insurance Scheme. VEETHIKA-An International Interdisciplinary Research Journal, 7(4), 30–33.

Francisco Rodríguez & Dani Rodrik, 2001. "Trade Policy and Economic Growth: A Skeptic's Guide to the Cross-National Evidence," NBER Chapters, in: NBER Macroeconomics Annual 2000, Volume 15, pages 261-338, National Bureau of Economic Research, Inc.

Gupta, P. K., & Mittal, P. (2020). Corporate Governance and Risk Bundling: Evidence from Indian Companies. European Journal of Business Science and Technology, 6(1), 37–52. https://doi.org/10.11118/ejobsat.2020.004

Gupta, S., & Mittal, P. (2015). Base Erosion and Profit Shifting: The New Framework of International Taxation. Journal of Business Management and Information Systems, 2(2), 108–114. https://doi.org/10.48001/jbmis.2015.0202009

Introduction: Three stories about trade and poor economies. The Journal of Development Studies: Vol.15, Trade and Poor Economies, pp. 1-18, 1979

Krugman, Paul R., Melitz, Marc J., Obstfeld, Maurice. International Economics: Theory and

Lin, Justin and Chang, Ha-Joon, Should Industrial Policy in Developing Countries Conform to Comparative Advantage or Defy it? A Debate between Justin Lin and Ha-Joon Chang. Development Policy Review, Vol. 27, Issue 5, pp. 483-502, September 2009

Policy, ninth edition. Addison-Wesley, the Pearson Series in Economics, Delhi (2012).

Verma, C. P., Bansal, R., & Mittal, P. (2020). Control of COVID-19: A Counter Factual Analysis. Administrative Development, Journal of HIPA, Shimla, 7(1), 1–24

Published

2023-03-01

How to Cite

Singh, R. (2023). The link between trade and growth: Some questionable assumptions. Journal of Business Management and Information Systems, 10(1), 1–3. https://doi.org/10.48001/jbmis.2023.1001001

Issue

Section

Articles