Investigating the Impact of Foreign Trade on Economic Development (with Emphasis on Crops Marketing)

Document Type : Original Article

Author

M.A. Strategic Management,Damavand Branch, Islamic Azad University,Damavand, Iran

Abstract

With the increase of foreign investment and the establishment of various factories in the field of Crops, in addition to increasing the volume of products, the level of quality of supply of goods and services will be improved by transferring technology and benefiting from up-to-date management knowledge. Special goods or services can be exported in excess of domestic demand in the form of goods or services to other countries. The purpose of this study is to investigate the impact of foreign trade on the economic development of selected developing countries with emphasis on Crops based on the panel data econometric approach (based on the clip model) for ten developing countries during the period 2010-2019. The results of the study for selected developing countries show that the effect of real GDP, real effective exchange rate, and the net inflow of foreign direct investment on the export of Crops and economic development has been positive and significant. Finally, some suggestions for promoting the export of Crops are presented.

Keywords