Trésor-Economics No. 6 - Reinterpreting the contribution of foreign trade to growth
The impact of foreign trade on economic activity is usually analyzed by computing the "contribution of foreign to growth". Such an analysis carried on for France emphasises that over the three years from 2003 to 2005, the contribution of foreign trade to growth has been sharply negative.However, the contribution of foreign trade to growth seems too crude an indicator to yield proper insight into t... Lire la suite