Economics, Econometrics and Finance
2 years ago

Port infrastructure boosts economic growth through trade openness, study finds.

Journal of Korea Trade
Revisiting the Nexus of Trade Openness and Economic Growth: A Focus on the Moderating Role of Port Infrastructure
Jae‐Ho Lee, Myong‐Sop Pak

Paper Summary

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The article explores how trade openness and economic growth are connected, focusing on how port infrastructure affects this relationship. The researchers found that having better port infrastructure can boost the positive impact of trade openness on economic growth. This means that countries with efficient ports can benefit more from international trade in terms of economic development.