The Impact of U.S. Economic Growthon the Rest of the World : How Much Does it Matter?

Author/Editor:

Athanasios Vamvakidis ; Vivek B. Arora

Publication Date:

August 1, 2001

Electronic Access:

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Disclaimer: This Working Paper should not be reported as representing the views of the IMF.The views expressed in this Working Paper are those of the author(s) and do not necessarily represent those of the IMF or IMF policy. Working Papers describe research in progress by the author(s) and are published to elicit comments and to further debate

Summary:

This paper provides a quantitative assessment of the impact of economic growth in the United States on growth in other countries. Using panel data estimation, the paper finds a significant positive impact of U.S. growth on growth in the rest of the world, especially developing countries, during the past few decades. The evidence suggests that the impact of U.S. growth on other countries can be explained by the significance of the United States as a global trading partner. The paper provides estimates of the direct impact of trade with the United States on growth in several individual countries.

Series:

Working Paper No. 01/119

Subject:

English

Publication Date:

August 1, 2001

ISBN/ISSN:

9781451854176/1018-5941

Stock No:

WPIEA1192001

Price:

$15.00 (Academic Rate:$15.00)

Format:

Paper

Pages:

27

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