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Do imports hinder or help economic growth?

Author

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  • Owen F. Humpage

Abstract

Although Americans spent $1.3 trillion on foreign goods and services last year, many regard imports with hostility, preferring to ?buy American.? But do imports really hurt the U.S. economy, as many believe? This Economic Commentary argues the contrary position: Countries that are open to trade?imports and exports?tend to experience faster economic growth than countries with closed doors.

Suggested Citation

  • Owen F. Humpage, 2000. "Do imports hinder or help economic growth?," Economic Commentary, Federal Reserve Bank of Cleveland, issue Mar.
    • Handle: RePEc:fip:fedcec:y:2000:i:mar15
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    Cited by:

    1. Stefanescu, Razvan & Dumitriu, Ramona, 2014. "Investigation on the relationship between Romanian foreign trade and industrial production," MPRA Paper 62547, University Library of Munich, Germany.
    2. P. K. Mishra, 2012. "The Dynamics of the Relationship between Imports and Economic Growth in India," South Asian Journal of Macroeconomics and Public Finance, , vol. 1(1), pages 57-79, June.

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