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Trade openness and economic growth in a set of Scandinavian countries: A study on trade openness and the impact it has on economic growth for Sweden and Norway and Denmark
Södertörn University, School of Social Sciences.
2016 (English)Independent thesis Basic level (degree of Bachelor), 10 credits / 15 HE creditsStudent thesis
Abstract [en]

Significant growth rates are in many times associated with countries embracing the ongoing globalization and openness to the international market of exchanging goods and services as well as ideas and technologies. Many researchers believe that participating in an international economy is a primary source of growth. The question is how strong the relationship between openness and growth is and has interested many researchers. This paper aims to investigate the effects of trade openness on economic growth in the long run and begins from Adam smith`s discussion on absolute advantage and specialization to discussions on trade organizations and policies. This study explores the relationship between trade openness and economic growth using a sample of 3 developed countries over the period (1970 – 2006) in a panel data analysis. The fixed effects model analysis indicates that trade openness has a positive and significant effect on economic growth.

Place, publisher, year, edition, pages
2016. , 33 p.
Keyword [en]
Economic growth, Comparative advantage, Absolute advantage, trade openness, panel data, Free trade
National Category
Economics
Identifiers
URN: urn:nbn:se:sh:diva-31329OAI: oai:DiVA.org:sh-31329DiVA: diva2:1054859
Subject / course
Economics
Uppsok
Social and Behavioural Science, Law
Supervisors
Available from: 2016-12-13 Created: 2016-12-09 Last updated: 2016-12-13Bibliographically approved

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Type fulltextMimetype application/pdf

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CiteExportLink to record
Permanent link

Direct link
Cite
Citation style
  • apa
  • ieee
  • modern-language-association-8th-edition
  • vancouver
  • Other style
More styles
Language
  • de-DE
  • en-GB
  • en-US
  • fi-FI
  • nn-NO
  • nn-NB
  • sv-SE
  • Other locale
More languages
Output format
  • html
  • text
  • asciidoc
  • rtf