The Effects of International Trade on Economic Growth and Meeting Basic Human Needs

Abstract

This research measures the influence of international marketing, in the form of exporting and importing on economic growth and meeting basic human needs. The conceptual model examines the effects of three categories of trade (agricultural products, raw materials, and manufacturing goods) on economic growth and meeting basic human needs. The analysis uses structural equation models with time-lagged independent variables, multiple indicators of the dependent variables, and newly-developed multivariate outlier analysis techniques. This study contributes to the marketing literature by empirically evaluating macro-level effects of international marketing, i.e., exporting and importing, and by testing the predictive validity of competing theories from sociology, economics, and marketing. The findings have practical implications for public policy officials, marketing managers, and future research.