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WORKING PAPERS Investigação - Trabalhos em curso - nº 106, Maio de 2001 THE IMPACT OF supranational TRADE ON ECONOMIC GROWTH Ã"scar Afonso FACULDADE DE ECONOMIA UNIVERSIDADE DO PORTO www.fep.up.pt Faculdade de Economia do Porto - R. Dr. Roberto Frias - 4200-464 - Porto - Portugal Tel . +351 225 571 100 - Fax. +351 225 505 050 - http://www.fep.up.pt THE IMPACT OF INTERNATIONAL TRADE * ON ECONOMIC GROWTH Ã"SCAR AFONSO CEMPRE**, Faculdade de Economia do Porto Rua Dr. Roberto Frias 4200-464 Porto, Portugal email: oafonso@fep.up.pt ABSTRACT In this paper, we construe the studies, since Adam Smith, on the impact of commercial and technological aspects, resulting from world(prenominal) trade, on the physical accumulation and quality of productive factors. We remark that the theory of economical growth and the theory of transnational trade, during the innocent period, constituted two inseparable branches of economics. In this epoch, it was believed that international trade has a positive effect on the economic growth. Later, during the neoclassic period, these two theories of the economic thought became main(a) relatively to each other. Consequently, the importance of international trade was overleap in the context of economic growth, especially until the 1960s.

Recently, with the introduction of models of endogenetic growth, both theories have merged again. The modelling frameworks advanced by the new models, as well as the recent developments inside the international trade theory, has allowed us to obtain a separate understanding of the relation between economic growth and international trade. Keywords: economic growth, international trade, endogenous growth, advantages, develop countries, less developed countries. comparative RESUMO No presente artigo analisamos estudos, desde Adam Smith, sobre o impacto dos aspectos comerciais e tecnológicos, decorrentes da abertura de um país ao comércio internacional, na acumulação física e melhoria... If you want to get a full essay, order it on our website: Ordercustompaper.com

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