Analysis of the role of foreign trade structure on economic growth in selected countries using PCSE and FGLS methods

Document Type : Original Article

Authors

1 PhD Student, Department of Economics, Faculty of Economics & Administrative Science, University of Mazandaran, Babolsar, Iran

2 Associate Professor, Department of Economics, Faculty of Economics & Administrative Science, University of Mazandaran, Babolsar, Iran.

3 Associate Professor, Department of Energy Economics, Faculty of Economics & Administrative Science, University of Mazandaran, Babolsar, Iran.

Abstract

Introduction: Economics deals with the allocation and efficient use of limited resources, and international trade deals with the distribution of economic resources among countries. Countries need different specializations in production and trade to meet their needs. Foreign trade acts as an engine of economic growth based on comparative advantage and has a direct impact on GDP and industrial performance. Economic relations between countries are formed through foreign trade, and economic growth depends on factors such as natural resources, human capital, and technological advances. The current research examines the effects of different export and import sectors on the economic growth of selected countries in the period from 1995 to 2021 and is analyzed using panel data model and different analytical methods.



Methodology: This research examines the impact of foreign trade on economic growth in selected countries including Afghanistan, China, India, Pakistan, Iran, Turkey, the United States, and the United Arab Emirates. The statistical population of this research includes the economic data of these countries in the period from 1995 to 2021. The main goal of this study is to investigate the impact of ...

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References

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Economic Policies and Research
Volume 3, Issue 3 - Serial Number 11
October 2024
Pages 108-131

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History

  • Receive Date: 28 October 2024
  • Revise Date: 29 November 2024
  • Accept Date: 29 November 2024
  • Publish Date: 22 October 2024

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