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The Impact of Digital Trade Development on High-Quality Economic Growth

송백훈|양국동
한국국제통상학회 (The Korean Association of Trade and Industry Studies)|2024.12|국제통상연구 (Journal of International Trade and Industry Studies)|제29권 제4호|pp. 1-26

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디지털무역TFP엔트로피모형서비스무역Digital TradeService TradeHigh-Quality Economic GrowthEntropy Method고품질 경제성장
주제분류무역학

초록

This paper conducts panel regression analysis using data from 65 countries between 2000 and 2019 to explore the connection between digital trade development and high-quality economic growth. The results indicate that digital trade development can significantly contribute to high-quality economic growth. Moreover, the robustness of the results is further confirmed through a series of robustness checks and 2SLS regression with instrumental variables. Secondly, developing economies are more affected by the level of digital trade development than developed economies, based on heterogeneity analysis. Finally, this paper examines the effect of digital infrastructure and ICT (information and communication technology) trade (including ICT products trade and ICT services trade) on high-quality economic growth. The results indicate that developing economies have greater potential to promote high-quality economic growth through improving digital infrastructure compared to developed ones. Furthermore, ICT product trade significantly enhances high-quality economic growth across all economies, while the effect of ICT service trade is not significant.

Abstract

This paper conducts panel regression analysis using data from 65 countries between 2000 and 2019 to explore the connection between digital trade development and high-quality economic growth. The results indicate that digital trade development can significantly contribute to high-quality economic growth. Moreover, the robustness of the results is further confirmed through a series of robustness checks and 2SLS regression with instrumental variables. Secondly, developing economies are more affected by the level of digital trade development than developed economies, based on heterogeneity analysis. Finally, this paper examines the effect of digital infrastructure and ICT (information and communication technology) trade (including ICT products trade and ICT services trade) on high-quality economic growth. The results indicate that developing economies have greater potential to promote high-quality economic growth through improving digital infrastructure compared to developed ones. Furthermore, ICT product trade significantly enhances high-quality economic growth across all economies, while the effect of ICT service trade is not significant.

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