# Paper Example on Analysis of the Impact of International Trade on the Economic Growth

Date:  2021-06-17 19:34:03
2 pages  (584 words)
Categories: This essay has been submitted by a student. This is not an example of the work written by our professional essay writers.
University/College:
Middlebury College
Type of paper:
Thesis This essay has been submitted by a student. This is not an example of the work written by our professional essay writers.

Logimport

Explain this table using loggdp, logimport and also explain if it significant and if it is what would be it contributing to gdp , also explain the rest of the datas in the table

In examining the impact of import on the economic growth, the analysis involved the analysis of 16 observations. The number of observations was 16, and due to this, a t-test was best suited to the survey. In this case, the outcomes as outlined by the tabular data above show that imports are significant in explaining the economic growth since the imports explain 93.90% and 93.46% of the variation in the economic growth as demonstrated by the r-square and adjusted r-square respectively. Ideally, this shows that the data fits nearly perfectly to the regression line. The standard error measures the accuracy with which a sample represents a population, and from the above results, it is clear that the statistics are accurate since the data has a small standard error. The data has a little spread, and this contributes significantly towards the accuracy of the dataset. The significance level used in the study is 0.05 implying that there was 5% of concluding that a difference exists when there are no actual differences. Since the p level (0) is less than the 0.05 significance level, it can be concluded that results of the study are valid and there is, therefore, a strong relationship between the imports and the economic growth. The null hypothesis which postulates that there is no relationship between imports and economic growth should thus be rejected.

Logexport

Explain this table using loggdp , logexport and also explain if it significant or not and if it is what would be it contributing to gdp, also explain the rest of the datas in the table

In studying the relationship between the exports and economic growth, 16 observations were taken into considerations. In this case, the log of exports and economic growth was made whereby the economic growth was the dependent variable while the exports were the independent variable. From the results, it can be concluded that there is significant relationship exports and economic growth since the p-value (0) is less than the significance level of 0.05. The coefficient of determination is 0.8531 while the adjusted r-square was 0.8427 implying that exports explain 84.27% of the variation in the economic growth. The high adjusted r-squared shows that exports were a significant component of economic growth. The coefficient of exports is 1.662 implying that economic growth stood at 1.662 when the level of exports was zero.  