The Impact of U.S. Economic Growthon the Rest of the World: How Much Does it Matter?
August 1, 2001
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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.
Subject: Education, Exports, Government consumption, Inflation, International trade, National accounts, Population and demographics, Population growth, Trade in goods
Keywords: a number of country, Asia and Pacific, Economic growth, Exports, Government consumption, inflation rate, international trade, Latin American country, Population growth, role of the United States, significance of the United States, trade diversification, trade effect, Trade in goods, trade linkage, trading partner, trading partner growth, trading-partner role, U.S. real, world growth, WP
Pages:
27
Volume:
2001
DOI:
Issue:
119
Series:
Working Paper No. 2001/119
Stock No:
WPIEA1192001
ISBN:
9781451854176
ISSN:
1018-5941
