The Study of International Trade-Related Changes
Author(s) -
Aurelija Burinskienė
Publication year - 2014
Publication title -
mokslas - lietuvos ateitis
Language(s) - English
Resource type - Journals
eISSN - 2029-2341
pISSN - 2029-2252
DOI - 10.3846/mla.2014.013
Subject(s) - international trade , economic geography , business , economics
International trade is characterized as highly dynamic: multiplechanges manifested in trade rapidly, constantly requiring responseto new challenges. This paper analyzes international trade-relatedchanges in three different ways. First, the paper discloses thetheories of economic growth. Second, it provides insights howtrade-related changes in some countries affect economics in othercountries through the transfer mechanism. Third, named a specificpotency of international trade to economy. To reveal the effectseconometric model is used. This model is applied to the workof twenty-four countries around the world. Based on the resultsof the regression analysis for the different 24 world countries,the period is defined during which the impact of internationaltrade is the strongest
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