Purpose – This paper seeks to revisit the highly debated trade‐growth hypothesis by considering the effects of trade and output volatility on the relationship between trade and economic growth. Design/methodology/approach – The relationship is modeled by testing for the existence of output...

Purpose – This paper seeks to revisit the highly debated trade-growth hypothesis by considering the effects of trade and output volatility on the relationship between trade and economic growth. Design/methodology/approach – The relationship is modeled by testing for the existence of output...