Keywords
Imports
Gross Domestic Product
Economic Growth
How to Cite
Abstract
Globalisation triggers trade activities worldwide, and it shows how to boost their international trade and expand the market outside of the border of their nations. The impact of globalisation reflects global economic development, has influenced the socio, cultural and environmental aspects, and connects people globally. Since the economic features of globalisation are certainly the most prevalent of these changes, it is essential to study the impact of a global market, trade, and economic developments. This analysis aims to study the growth of international trade and economic growth and impact of international trade on the economic growth of SAARC countries from 1991 to 2020. The study variables are exports, imports and gross domestic product and the data were collected from the direction of trade statistics, IMF and world development indicators, World Bank. The study analyses the averages, annual growth rate and panel regression model that has been used.
References
Albrow, Martin; King, Elizabeth (1990) Globalisation, Knowledge and Society, London: Sage, ISBN 0-8039-8323-9.
Balassa, B (1985) Exports, Policy Choices and Economic Growth in Developing Countries after the 1973 Oil Shock, Journal of Development Economics, Vol. 18(2), pp. 23-25.
Dhawan, U., and Biswal, B. (1999) Re-examining Export-led Growth Hypothesis: A Multivariate Cointegration Analysis for India, Applied Economics, Vol. 31(4), pp. 525- 530.
Dutt, S. D., and Ghosh, D (1996) The Export Growth-Economic Growth Nexus: A Causality Analysis, The Journal of Developing Areas, Vol. 30(2), pp. 167-182
Dutt, S. D., and Ghosh, D. (1994) An Empirical Investigation of the Export Growth- Economic Growth Relationship, Applied Economics Letters, Vol. 1(3), pp. 44-48.
Ekanayake, E. M. (1999) Exports and Economic Growth in Asian Developing Countries: Cointegration and Error-correction Models, Journal of Economic Development, Vol. 24(2), pp. 43-56.
Feder, G (1983) On Exports and Economic Growth, Journal of Development Economics, Vol. 32, pp. 59-73.
Heller P. S., and Porter R. C. (1978) Exports and Growth: An Empirical Re-investigation. Journal of Development Economics, Vol. 5(2), pp. 191-193.
Kormendi R. C., and Mequire P. G. (1985) Macroeconomic Determinants of Growth: Cross-country Evidence, Journal of Monetary Economics, Vol. 16(2), pp. 141-163.
Kugler, P. (1991) Growth, Exports and Cointegration: An Empirical Investigation, WeltwirtschaftlichesArchiv Vol. 127, pp. 73-82
This work is licensed under a Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License.
Copyright (c) 2023 SOUTH INDIA JOURNAL OF SOCIAL SCIENCES