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Impact of Trade Specialization in Industries with High Productivity on Economic Growth: a Cross Country Study

Vahedi, Sajad | 2011

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  1. Type of Document: M.Sc. Thesis
  2. Language: Farsi
  3. Document No: 41890 (44)
  4. University: Sharif University of Technology
  5. Department: Management and Economics
  6. Advisor(s): Abedini, Javad
  7. Abstract:
  8. In last decades as the international volume of trade increased significantly, examination of the relationship between trade and economic growth is one of the interesting topics for economists and policymakers. Trade can affect performance of economics by many channels, such as trade specialization, human and physical capital accumulation, knowledge and technology transfer. In this regard the aim of this thesis is the examination of trade specialization in industries with high productivity (as one of the trade influences) effects on economic growth.In this research based on Hausmann et al. (2006), we use an economic model with two sectors: modern and traditional. This model gives a primary guess that the relationship between trade specialization in industries with high-tech and economic growth is country-specific: depending on each country’s initial scale of modern sector. Countries which have a large modern sector can accelerate their economic growth by specializing in trade of high-tech industries, but this result can be reverse for countries with small scale of modern sector.In the next step, a regression equation will be derived from theoretical model, by considering some other regressors which are inspired from other growth theories. Then, we use panel data to estimate the equation for two groups of countries separately.Results of the estimation illustrate that trade specialization in industries with high productivity has positive influence on economic growth in countries with a large scale of modern sector since it has negative influence on economic growth in countries with the small one
  9. Keywords:
  10. Economic Growth ; High Technology Industries ; Trade Specialization

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