【正文】
s studies of trade balance, XM, to illustrate the tradeled growth. They found a positive relationship between the growth of openness [(XM)] / GDP] and the growth rate of selected Asian countries’ GDP for various decades of 19511990. It suggests that export promotion is an important contributor to economic growth. Balassa (1989) argued that the favorable effects of trade, especially export, on economic growth would be higher if such a country employs outwardlooking industrialization strategy. Since such strategy would be more likely to ensure trade leading to a more efficient utilization of the productive resources. While countries with inwardoriented strategy industrialization would have limited effort to increase export growth. Since, in such economies the absorption capacity of domestic resources for producing manufactured product was highly constraint of protection. Similarly, AsafuAdjaye and Chakraborty (1999) found evidence which is consistent with the weak relationship between exports and real output for inward looking countries. They provided a super exogeneity test for export and found that exports were weakly exogenous implying inwardoriented strategy was ineffective development strategy when prematurely initiated. They also argued the failure to support export –led growth by the fact that the export of such country is still dominated by primary product. Thus, these findings give clear impression that export promotion is an effective development strategy as long as country can either develop static parative advantage or move toward a more dynamic and productive economy within outwardoriented strategy. III. The Role of Import on Economic Growth The second technique to identify the positive effect of trade is to examine the effect of pression import on growth. To improve trade balance as well as to relieve the constant problem of insufficient foreign exchange reserve, many trading countries, especially developing countries, have tried to reduce imports. Such countries initiated to build new industrialization of the progressively replaced consumer good imported by domestic production known as import substitution industrialization strategy. In this respect, government must either subsidize the new import substitution industry firms to pete with foreign import at world price or press import by imposing various import tariff and import quota (Hogendorn, 1996). This strategy might be a retard for economic growth since it causes price distortion. Lee (1995) argued that any kinds of trade distortions imposed on capital goods imports increased the price of imported capital goods and hence reduced the growth rate by forcing the economy to use domestic product more than efficient level. In addition to that, the idea to protect the firm is not likely on the right track since a number imports of intermediate and capital goods of developing countries are necessary inputs in the production of goods exports. Compressing such imports would lead to deteriorate the export performance and in turn reduce rate or economic growth. Since importing is also important contributor to growth, more recent research takes into accounts the import growth on export promotion empirical studies. Omitting imports will oute a false rejection of exportled growth and false detection of it. Lee (1995,) examined the role of capital goods import on economic growth and found that imported capital goods had a much higher productivity than domestically produced capital goods. One of key lessons from this investigation is that imports of foreign input are an important determinant of the link between trade and growth. Riezman, Whiteman and Summers (1995) provided an investigation on export led growth that took account of import explicitly in the model. They found that there were some countries indicated particularly strong in explaining economic growth. The co integration test showed that there were certain long run relationships between regressors. Using the forecast error variance deposition, they found the exportled growth would work both directly (import→export→growth) and indirectly through import (export→import→growth) in these countries. They also provided test for duration time of exportled growth. Using conditional linear feed back by frequency, they found the new evidence that in some countries export led growth was a long run phenomenon. In senses that export promotion strategies extensive today would have their strongest effect 8 to 16 years. However, in other countries, exports have their highest influence in the shortrun, namely, less than 4 years. Similarly, AsafuAdjaye and Chakraborty (1999), also found the evidence that real output, export and imports were co integrated in inward oriented countries. Using the error correction models, they found causality running indirectly, namely, from exports to imports and then real output. This indicates that the importation of intermediate goods and capital goods is also the key element for trade link to economic growth. Taken together all findings, it is clear that import is an important channel to economic growth, and it suggests that by purchasing a portion of relative cheap foreign input, GDP’s trading countries can grow much faster. In addition, any import pression adopting could adversely affect the export promotion and cause insignificant economic growth.譯文一國際貿(mào)易是“增長的引擎”古典和新古典經(jīng)濟(jì)學(xué)家認(rèn)為,參與國際貿(mào)易是經(jīng)濟(jì)發(fā)展一個(gè)強(qiáng)而有力的積極武器。此外,這種貿(mào)易可以使知識的傳播更加便利,提高輸入效率,從而加快了經(jīng)濟(jì)發(fā)展的腳步。研究發(fā)現(xiàn)貿(mào)易與增長存在很強(qiáng)的正相關(guān),雖然有些經(jīng)濟(jì)學(xué)家因根據(jù)不同的方法而存在分歧。通過集中和有區(qū)別地生產(chǎn)出口產(chǎn)品,國家參與具有主要優(yōu)勢的產(chǎn)品貿(mào)易,從而不但獲得靜態(tài)利益而且將通過逐漸形成比較優(yōu)勢達(dá)到動(dòng)態(tài)利益。通過對亞洲國家19511990幾十年GDP的研究發(fā)現(xiàn),貿(mào)易增長開放度[(出口進(jìn)口)/國內(nèi)生產(chǎn)總值]與增長率存在正相關(guān)性。而那些采用內(nèi)向型工業(yè)化戰(zhàn)略的國家將限制了由增加出口增長帶來的效果。他們發(fā)現(xiàn)這些國家的出口產(chǎn)品仍舊以初級產(chǎn)品為主導(dǎo),通過這個(gè)事實(shí)得出了不支持出口導(dǎo)向增長是錯(cuò)誤的這一結(jié)論。這些國家開始建立新的工業(yè)化使國內(nèi)生產(chǎn)品逐步取代消費(fèi)品進(jìn)口,這就是所謂的進(jìn)口替代工業(yè)化戰(zhàn)略。除此之外,保護(hù)企業(yè)的方法也不可能實(shí)現(xiàn),因?yàn)樵S多中間產(chǎn)品進(jìn)口和資本貨物進(jìn)口是發(fā)展中國家生產(chǎn)出口的必須投入要素。Lee (1995,)檢驗(yàn)了資本進(jìn)口貨物對經(jīng)濟(jì)增長的作用,發(fā)現(xiàn)進(jìn)口資本貨物比國內(nèi)的資本貨物具有較高的生產(chǎn)率。共同調(diào)查檢驗(yàn)顯示兩個(gè)變量之間存在長期的關(guān)系。得知現(xiàn)在推廣出口促進(jìn)戰(zhàn)略將在8到16年有最強(qiáng)的效果。這指出了中間產(chǎn)品和資本貨物的進(jìn)口也是影響貿(mào)易對經(jīng)濟(jì)增長作用的關(guān)