Economics, Econometrics and Finance
5 years ago

Booming Service Trade Fuels Economic Growth Worldwide

Journal of Physics Conference Series
Analysis of the Relationship between International Service Trade and Economic Growth Based on VAR Model
Shuai Yang

Paper Summary

International trade in services is growing rapidly and is now a key driver of economic growth. By using a VAR model, researchers found that there is a strong and lasting relationship between international service trade and economic growth. Increasing openness in international service trade and competitiveness boosts economic growth.

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