The Effect Of International Trade On Austria's Economic Growth
Keywords:
Iternational Trade, Economic GrowthAbstract
In this study we analyze how international trade relates to economic growth in Austria. International trade is an economic activity by exporting and importing between countries, with the aim of improving the country's economy. The data set used in this study comes from the world bank, from 1992-2022, then processed using Eviews 12 software. The analytical instrument employed in this research is quantitative utilising the Error Correction Model (ECM) regression analysis method. The test results show that the variables of Exports, Imports, and Foreign Direct Investment have no significant short-term impact on Austrian economic growth, while inflation has a significant impact on the Austrian economy. In the long run, the variables Exports, Imports, Foreign Direct Investment have a significant effect on Austrian economic growth, while inflation has no significant impact on economic growth.
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