The Impact of Foreign Trade on Economic Growth in Laos

DOI

10.2991/aebmr.k.201128.060How to use a DOI?

Keywords

foreign trade, economic growth, commodity structure, bilateral trade

Abstract

This paper analyzesLaos’s trade policy before and after economic reform using an ADF test, co-integration analysis, Granger causality test, and an error correction model to analyzeforeign trade and economic growth. The empirical results show that, in the long term, Laos’s total trade, exports and importsare positively related to its GDP. Laos’s exports have a greater impact on its GDP than imports.In the short term, Laos’s total trade volume has a relatively large impact on GDP. The impact of exports to GDP is positive and more significant, while the impact of Laos’s imports on GDP is negative.

Copyright

© 2020, the Authors. Published by Atlantis Press.

Open Access

This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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TY  - CONF
AU  - Somsanith Sythongbay
PY  - 2020
DA  - 2020/11/30
TI  - The Impact of Foreign Trade on Economic Growth in Laos
BT  - Proceedings of the 2020 2nd International Conference on Economic Management and Cultural Industry (ICEMCI 2020)
PB  - Atlantis Press
SP  - 304
EP  - 314
SN  - 2352-5428
UR  - https://doi.org/10.2991/aebmr.k.201128.060
DO  - 10.2991/aebmr.k.201128.060
ID  - Sythongbay2020
ER  -