| To propel the economic growth of a country or region,the most important function is foreign trade.Global economic growth also proves this conclusion.Foreign trade and economic growth and the way in which foreign trade influences economic growth are important problems that nations must face while designing economic development strategies.This paper first takes a retrospect of foreign trade theory development.There are three stages in the history,classical trade theory,neoclassical trade theory and new trade theory.Difference exists in the thoughts and theories on different stages,and this lead to different developing strategies.On the economic growth theories,this paper mainly discusses Harold-Domar model,Solow’s neoclassical growth model and new economic growth theory.Then the theory of foreign trade propelling economic growth,and extra product export and economic growth engine theory are also introduced.About the relationship between foreign trade and economic growth,domestic and foreign researchers have made a lot of study and different conclusions are drawn out.However,quantitative relationship between them has not been categorized explicitly.In this paper’s empirical study part,the relationship is analyzed in detail empirically with econometric methods based on established theories.The main point of this paper is that export goods are categorized in detail,so that propelling effect of different goods in Russian to economic growth are studied and conclusions are drawn in this condition.The conclusion can be a good reference for governmental departments of Russian to design correctly foreign trade policy and for enterprises to do foreign trade. |
