The Impact of U.S. Economic Growth on the Rest of the World: How Much Does It Matter?

Autor:	Athanasios Vamvakidis, Vivek B. Arora
Rok vydání:	2006
Předmět:	Estimation Economic integration Macroeconomics World economy Rest (finance) Economics Developing country General Economics Econometrics and Finance Panel data
Zdroj:	Journal of Economic Integration. 21:21-39
ISSN:	1976-5525 1225-651X
DOI:	10.11130/jei.2006.21.1.21
Popis:	This paper attempts to quantify the extent to which U.S. growth is an “engine” of the world economy. Results based on fixed-effects estimation using panel data suggest a significant positive impact of U.S. growth on growth in the rest of the world, especially developing countries, in recent decades. The impact is as large as one-for-one in some specifications. The results are robust to alternative specifications and to the alternative claim that world growth in recent decades has been driven predominantly by common global shocks.
Databáze:	OpenAIRE
Externí odkaz:	https://explore.openaire.eu/search/publication?articleId=doi_________::017d420b56c094ca205cd15d654c2f86 https://doi.org/10.11130/jei.2006.21.1.21 Zobrazit plný text záznamu