A Study On Foreign Trade And Economic Growth

1980s to late1990s, the market economy of a number of developing countries had been improved by the reform of the economic system, which greatly promoted the economic growth. These countries named emerging market countries. In the context of the global economic crisis in2008, the economies of these countries still a growth, the phenomenon has attracted worldwide attention. In the booming economies of these countries, foreign trade plays an important role, so this article focus on the Foreign Trade and Economic Growth in these countries, while being one of them, locked within Asia. The object of this paper in China, Hong Kong, Taiwan, Indonesia, India, Korea, Malaysia, Philippines, Singapore and Thailand.This paper first introduces the three views of the Foreign Trade and Economic Growth. Then describes the mechanism of the role of foreign trade in K, L, and optimize the industrial structure to promote economic growth, also mentioned the investment is equally important for economic growth. Next, the research scope locked in Asia emerging market countries and introduced trade overview of these countries in recent decades, as the final proposal laid the foundation.In the forth chapter, ADF test and JJ test over the above ten countries and region’s GDP, trade volume, the total capital formation, employment. Then figure out the relationship between the variables through the panel data model, analyze the relationship of foreign trade and economic growth in these countries. In the fifth chapter, use the first layer of the multilayer statistical models to analyze the variables in the production function, K and L, then the volume of trade, agricultural output, industrial output, services output as a second layer of variables to study why the first layer of variables significant differences in the reasons.The last part of the paper, summarize and analyze the results of the empirical analysis, combined with the specific circumstances of the Asian emerging market countries and regions to put forward recommendations to promote economic growth through the development of foreign trade, promote economic growth through foreign trade at the same time, to protect the coordinated development of other aspects.