Growth in an Interdependent World Economy: Linking the National Models through International Trade

  • Rumen Dobrinsky
  • István Székely


This chapter analyzes the effects of different national growth patterns on world trade in real and monetary terms. The world model that underlies our estimations connects the national models via export and import functions in such a way that total world exports equal total world imports in monetary and real terms. The results of different simulation exercises are presented.


Foreign Trade Money Supply Import Price Export Price Domestic Currency 
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© Springer-Verlag Berlin Heidelberg 1989

Authors and Affiliations

  • Rumen Dobrinsky
  • István Székely

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