Science – Future of Lithuania / Mokslas – Lietuvos Ateitis, Vol 6, No 1 (2014)

The Study of International Trade-Related Changes

Aurelija Burinskienė (Vilniaus Gedimino technikos universitetas, Lithuania)


International trade is characterized as highly dynamic: multiplechanges manifested in trade rapidly, constantly requiring responseto new challenges. This paper analyzes international trade-relatedchanges in three different ways. First, the paper discloses thetheories of economic growth. Second, it provides insights howtrade-related changes in some countries affect economics in othercountries through the transfer mechanism. Third, named a specificpotency of international trade to economy. To reveal the effectseconometric model is used. This model is applied to the workof twenty-four countries around the world. Based on the resultsof the regression analysis for the different 24 world countries,the period is defined during which the impact of internationaltrade is the strongest.

Article in: English

Article published: 2014-02-20

Keyword(s): international trade, GDP, the econometric model, economics.

DOI: 10.3846/mla.2014.13

Full Text: PDF pdf

Science – Future of Lithuania / Mokslas – Lietuvos Ateitis ISSN 2029-2341, eISSN 2029-2252
This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 License.