학술논문
The Impact of U.S. Economic Growth on the Rest of the World
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- 영문명
- The Impact of U.S. Economic Growth on the Rest of the World: How Much Does It Matter?
- 발행기관
- 세종대학교 경제통합연구소
- 저자명
- Vivek Arora Athanasios Vamvakidis
- 간행물 정보
- 『Journal of Economic Integration』제21권 제1호, 21~39쪽, 전체 19쪽
- 주제분류
- 경제경영 > 경제학
- 파일형태
- 발행일자
- 2006.03.31
5,080원
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국문 초록
영문 초록
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.
목차
Ⅰ. Introduction
Ⅱ. How Much Does U.S. Economic Growth Matter for Growth in the Rest of the World?
Ⅲ. The Role of the United States as a Trading Partner
Ⅳ. Methodology
Ⅴ. Estimation
Ⅵ. Extensions
Ⅶ. Conclusion
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