Trade Liberalization Effects on Economic Growth, 1980-2022

The orthodox view of the effect of trade on GDP per capita assumes greater growth and equity, the heterodox theory refutes the argument and predicts inequitable and divergent results between countries. We resume the discussion using information from 1980 to 2022 in 102 countries, applying a panel da...

Descripción completa

Detalles Bibliográficos
Autores: Christian Said Domínguez Blancas, Gerardo Ángeles Castro
Tipo de recurso: artículo
Estado:Versión publicada
Fecha de publicación:2024
País:México
Institución:Instituto Politécnico Nacional
Repositorio:Redalyc-IPN
OAI Identifier:oai:redalyc.org:423780728005
Acceso en línea:https://www.redalyc.org/articulo.oa?id=423780728005
https://www.redalyc.org/journal/4237/423780728005/
https://www.redalyc.org/journal/4237/423780728005/html/
https://www.redalyc.org/journal/4237/423780728005/423780728005.epub
https://www.redalyc.org/journal/4237/423780728005/movil
Access Level:acceso abierto
Palabra clave:Economía y Finanzas
Trade
panel data
income inequality
GDP per capita growth
id MX_00286516ed2f2b65e31bbdec3bf2b2b1
oai_identifier_str oai:redalyc.org:423780728005
network_acronym_str MX
network_name_str México
repository_id_str
spelling Trade Liberalization Effects on Economic Growth, 1980-2022Christian Said Domínguez BlancasGerardo Ángeles CastroEconomía y FinanzasTradepanel dataincome inequalityGDP per capita growthThe orthodox view of the effect of trade on GDP per capita assumes greater growth and equity, the heterodox theory refutes the argument and predicts inequitable and divergent results between countries. We resume the discussion using information from 1980 to 2022 in 102 countries, applying a panel data methodology and slope disaggregation. The goal is to test whether trade has adverse effects in lower-income countries and how the effect has changed over time. The results show that trade negatively affects GDP per capita growth mainly through imports, this tends to worsen over time and the impact is greater in poor countries. The main implication is the growing income divergence between nations; the recommendation is that governments and multilateral organizations continue to explore ways to balance and socialize trade. It is concluded that heterodox postulates, such as the vision of Thirlwall on trade, continue to be valid. The originality of the document lies in the disaggregation of results by countries and time blocks, as well as exports and imports.JEL Classification: B5, C5, C33, F1, F4, 057.Instituto Mexicano de Ejecutivos de Finanzas A.C.2024info:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/articleapplication/pdf1665-5346https://www.redalyc.org/articulo.oa?id=423780728005https://www.redalyc.org/journal/4237/423780728005/https://www.redalyc.org/journal/4237/423780728005/html/https://www.redalyc.org/journal/4237/423780728005/423780728005.epubhttps://www.redalyc.org/journal/4237/423780728005/movil10.21919/remef.v19i3.992Revista Mexicana de Economía y Finanzas. Nueva Época / Mexican Journal of Economics and Finance (México) Num.3 Vol.19reponame:Redalyc-IPNinstname:Instituto Politécnico Nacionalinstacron:IPNenhttp://www.redalyc.org/revista.oa?id=4237Revista Mexicana de Economía y Finanzas. Nueva Época / Mexican Journal of Economics and Financeinfo:eu-repo/semantics/openAccessoai:redalyc.org:4237807280052026-01-29T02:55:50Z
dc.title.none.fl_str_mv Trade Liberalization Effects on Economic Growth, 1980-2022
title Trade Liberalization Effects on Economic Growth, 1980-2022
spellingShingle Trade Liberalization Effects on Economic Growth, 1980-2022
Christian Said Domínguez Blancas
Economía y Finanzas
Trade
panel data
income inequality
GDP per capita growth
title_short Trade Liberalization Effects on Economic Growth, 1980-2022
title_full Trade Liberalization Effects on Economic Growth, 1980-2022
title_fullStr Trade Liberalization Effects on Economic Growth, 1980-2022
title_full_unstemmed Trade Liberalization Effects on Economic Growth, 1980-2022
title_sort Trade Liberalization Effects on Economic Growth, 1980-2022
dc.creator.none.fl_str_mv Christian Said Domínguez Blancas
Gerardo Ángeles Castro
author Christian Said Domínguez Blancas
author_facet Christian Said Domínguez Blancas
Gerardo Ángeles Castro
author_role author
author2 Gerardo Ángeles Castro
author2_role author
dc.subject.none.fl_str_mv Economía y Finanzas
Trade
panel data
income inequality
GDP per capita growth
topic Economía y Finanzas
Trade
panel data
income inequality
GDP per capita growth
description The orthodox view of the effect of trade on GDP per capita assumes greater growth and equity, the heterodox theory refutes the argument and predicts inequitable and divergent results between countries. We resume the discussion using information from 1980 to 2022 in 102 countries, applying a panel data methodology and slope disaggregation. The goal is to test whether trade has adverse effects in lower-income countries and how the effect has changed over time. The results show that trade negatively affects GDP per capita growth mainly through imports, this tends to worsen over time and the impact is greater in poor countries. The main implication is the growing income divergence between nations; the recommendation is that governments and multilateral organizations continue to explore ways to balance and socialize trade. It is concluded that heterodox postulates, such as the vision of Thirlwall on trade, continue to be valid. The originality of the document lies in the disaggregation of results by countries and time blocks, as well as exports and imports.JEL Classification: B5, C5, C33, F1, F4, 057.
publishDate 2024
dc.date.none.fl_str_mv 2024
dc.type.none.fl_str_mv info:eu-repo/semantics/publishedVersion
info:eu-repo/semantics/article
format article
status_str publishedVersion
dc.identifier.none.fl_str_mv 1665-5346
https://www.redalyc.org/articulo.oa?id=423780728005
https://www.redalyc.org/journal/4237/423780728005/
https://www.redalyc.org/journal/4237/423780728005/html/
https://www.redalyc.org/journal/4237/423780728005/423780728005.epub
https://www.redalyc.org/journal/4237/423780728005/movil
10.21919/remef.v19i3.992
identifier_str_mv 1665-5346
10.21919/remef.v19i3.992
url https://www.redalyc.org/articulo.oa?id=423780728005
https://www.redalyc.org/journal/4237/423780728005/
https://www.redalyc.org/journal/4237/423780728005/html/
https://www.redalyc.org/journal/4237/423780728005/423780728005.epub
https://www.redalyc.org/journal/4237/423780728005/movil
dc.language.none.fl_str_mv en
language_invalid_str_mv en
dc.relation.none.fl_str_mv http://www.redalyc.org/revista.oa?id=4237
dc.rights.none.fl_str_mv Revista Mexicana de Economía y Finanzas. Nueva Época / Mexican Journal of Economics and Finance
info:eu-repo/semantics/openAccess
rights_invalid_str_mv Revista Mexicana de Economía y Finanzas. Nueva Época / Mexican Journal of Economics and Finance
eu_rights_str_mv openAccess
dc.format.none.fl_str_mv application/pdf
dc.publisher.none.fl_str_mv Instituto Mexicano de Ejecutivos de Finanzas A.C.
publisher.none.fl_str_mv Instituto Mexicano de Ejecutivos de Finanzas A.C.
dc.source.none.fl_str_mv Revista Mexicana de Economía y Finanzas. Nueva Época / Mexican Journal of Economics and Finance (México) Num.3 Vol.19
reponame:Redalyc-IPN
instname:Instituto Politécnico Nacional
instacron:IPN
instname_str Instituto Politécnico Nacional
instacron_str IPN
institution IPN
reponame_str Redalyc-IPN
collection Redalyc-IPN
repository.name.fl_str_mv
repository.mail.fl_str_mv
_version_ 1858174163813924864
score 15,81155

Similares en LA Referencia