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Industry, Foreign Trade and Development: Econometric Models of Europe and North America, 1965-2003

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  • Guisan, M.C.

Abstract

We compare several econometric models of Western Europe, Central Europe, the United States, Canada and Mexico in order to analyze the impact of foreign trade and industry on development Regarding the positive effects of foreign trade it is important to notice that they are more due to the positive role of imports from the supply side than to the effect of exports from the demand side, although both sides are relevant. The main benefit from increasing exports is usually to increase the capacity to import intermediate inputs and other goods and services which are necessary or help to foster economic development in the domestic market. There are many studies which show the positive effects of exports but very few focused on the role of imports, and this study contributes in this regard.. On the other hand the analysis of industrial contribution to the non industrial sectors is twofold: directly providing intermediate and capital goods to non industrial sectors and indirectly increasing exports and the capacity to import foreign inputs which contribute to domestic production.

Suggested Citation

  • Guisan, M.C., 2006. "Industry, Foreign Trade and Development: Econometric Models of Europe and North America, 1965-2003," International Journal of Applied Econometrics and Quantitative Studies, Euro-American Association of Economic Development, vol. 3(1), pages 5-30.
    • Handle: RePEc:eaa:ijaeqs:v:3:y2006:i:1_1
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    File URL: http://www.usc.es/economet/reviews/ijaeqs311.pdf
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    References listed on IDEAS

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    1. Konya, L., 2004. "Export-Led Growth, Growth-Driven Export, Both or None? Granger Causality Analysis on OECD Countries," Applied Econometrics and International Development, Euro-American Association of Economic Development, vol. 4(1).
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    Blog mentions

    As found by EconAcademics.org, the blog aggregator for Economics research:
    1. 17 Crisis, Development, Voice of Good Economists in Greece, Portugal and Spain, and comparison with other OECD countries. Euro-American Association Development Report 2011.
      by MCG Blogs de Economía in Euro-American Association: World Development on 2011-05-13 20:22:00

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    Cited by:

    1. GUISAN, Maria-Carmen, 2018. "Female Employment And Quality Of Life In Europe And The United States: The Positive Effects Of Industry On Services Employment And Wages, 2000-2017," Economic Development 120, University of Santiago de Compostela. Faculty of Economics and Business. Econometrics..
    2. GUISAN, Maria-Carmen, 2011. "Industry, Foreign Trade and Employment in EU Countries; Comparison of France, Germany, Italy, Spain and the UK with the United States," Applied Econometrics and International Development, Euro-American Association of Economic Development, vol. 11(2).
    3. Guisan, M.C. & Exposito, P., 2013. "Employment, Production and Income by Sector in Spain: Econometric Models and Comparison with Germany and the United States, 1965-2010," Regional and Sectoral Economic Studies, Euro-American Association of Economic Development, vol. 13(1), pages 78-90.
    4. Zewdie Habte SHIKUR, 2022. "Development And Enterprises’ Labor Demand In Sub-Saharan Africa: Evidence From Panel Data Of Four Countries," Applied Econometrics and International Development, Euro-American Association of Economic Development, vol. 22(2), pages 109-124.
    5. GUISAN, Maria-Carmen, 2011. "Industry, Fair Competition And Trade In Oecd Countries: Impact On Wages And On Employment By Sector, 2000-2010," Regional and Sectoral Economic Studies, Euro-American Association of Economic Development, vol. 11(2).
    6. NUSHIWAT, Munther, 2008. "Exports And Economic Growth A Re-Examination Of The Causality Relation In Six Countries, 1981-2005," Applied Econometrics and International Development, Euro-American Association of Economic Development, vol. 8(2), pages 5-12.
    7. GUISAN, Maria-Carmen, 2021. "Spanish And Europea Report 2021: Wages, Productivity, Quality Of Public Sector And Citizens Satisfaction," Regional and Sectoral Economic Studies, Euro-American Association of Economic Development, vol. 21(1), pages 67-84.
    8. Olofin, S.O. & Salisu, A.A & Tule, M.K, 2020. "Revised Small Macro-Econometric Model Of The Nigerian Economy," Applied Econometrics and International Development, Euro-American Association of Economic Development, vol. 20(1), pages 97-116.
    9. GUISAN, Maria-Carmen, 2008. "Rates, Ratios And Per Capita Variables In International Models: Analysis Of Investment And Foreign Trade In Oecd Countries," International Journal of Applied Econometrics and Quantitative Studies, Euro-American Association of Economic Development, vol. 5(2).
    10. GUISAN, Maria-Carmen, 2015. "Selected Readings On Econometrics Methodology, 2001-2010: Causality, Measure Of Variables, Dynamic Models And Economic Approaches To Growth And Development," Applied Econometrics and International Development, Euro-American Association of Economic Development, vol. 15(2), pages 213-220.
    11. Mitra Lal Devkota, 2019. "Testing The Causality And Cointegration Between Exports, Imports, And Exchange Rates: Evidence From India," Annals - Economy Series, Constantin Brancusi University, Faculty of Economics, vol. 1, pages 5-13, February.

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    More about this item

    Keywords

    Industry; Foreign Trade; Development; Europe; America;
    All these keywords.

    JEL classification:

    • C51 - Mathematical and Quantitative Methods - - Econometric Modeling - - - Model Construction and Estimation
    • F1 - International Economics - - Trade
    • L6 - Industrial Organization - - Industry Studies: Manufacturing
    • L8 - Industrial Organization - - Industry Studies: Services
    • O52 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Europe
    • O52 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Europe
    • O54 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Latin America; Caribbean

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