Country Size Effects for Foreign Trade. Are China and Russia Typical Large Economies?
Анотація
The paper assesses the difference between small, medium-sized and large economies in foreign trade indicators (trade openness, balance, prices and growth). It supports the idea that foreign trade growth promotes growth, while there is usually no significant effect of trade openness, current account balance and terms of trade, considering foreign trade China and Russia behave according to the size of their economies.
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