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The Impact of U.S. Economic Growthon the Rest of the World: How Much Does it Matter?
Author:
Mr. Athanasios Vamvakidis
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and
Mr. Vivek B. Arora
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Series:
IMF Working Papers
Volume/Issue:
Volume 2001: Issue 119
Language:
English
Publication Date:
01 Aug 2001
DOI:
https://doi.org/10.5089/9781451854176.001
ISBN:
9781451854176
ISSN:
1018-5941
Pages:
27
Keywords:
WP; trading partner; world growth; trade effect; Economic growth; international trade; trading-partner role; role of the United States; trade linkage; U.S. real; Latin American country; trade diversification; trading partner growth; a number of country; inflation rate; significance of the United States; Exports; Government consumption; Population growth; Trade in goods; Asia and Pacific
Legal-disclaimer:
IMF Working Papers describe research in progress by the author(s) and are published to elicit comments and to encourage debate. The views expressed in IMF Working Papers are those of the author(s) and do not necessarily represent the views of the IMF, its Executive Board, or IMF management.
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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.
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Cover IMF Working Papers
IMF Working Papers
ISSN:
1018-5941
Publisher:
International Monetary Fund