Export and Economic Growth in the Case of the Manufacturing Industry: Panel Data Analysis of Developing Countries
AbstractThe correlation between growth in export and economic growth, which is called “Export-led Growth Hypothesis” in the literature, is still a current issue in both the theoretical and empirical literature. In the present study, the effect of different classifications of export and import on economic growth in 22 developing countries in the 1998–2006 period was tested based on two models, via panel data analysis. According to the results of the first model, the analysis of which included variables such as high and low-tech manufacturing industry exports, investment and population, it was found that only two variables, high-tech manufacturing industry export and investment, have a positive and significant effect on growth. In addition to the first model which included the analysis of all variables, the second model investigated the effect of high and low-tech manufacturing industry imports on growth. The findings revealed that only high-tech manufacturing industry export, investment and low-tech manufacturing industry import have a positive and significant effect on growth.
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
Bibliographic InfoArticle provided by Econjournals in its journal International Journal of Economics and Financial Issues.
Volume (Year): 2 (2012)
Issue (Month): 2 ()
Contact details of provider:
Web page: http://www.econjournals.com
High and Low-tech Manufacturing Industry Imports and Exports; Economic Growth; Export-led Growth Hypothesis; Developing Countries; Panel Data Analysis;
Find related papers by JEL classification:
- F14 - International Economics - - Trade - - - Empirical Studies of Trade
- F43 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Economic Growth of Open Economies
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Robert A. Blecker, 2009. "Long-Run Growth in Open Economies: Export-Led Cumulative Causation or a Balance-of-Payments Constraint?," Working Papers, American University, Department of Economics 2009-23, American University, Department of Economics.
- Feder, Gershon, 1983. "On exports and economic growth," Journal of Development Economics, Elsevier, Elsevier, vol. 12(1-2), pages 59-73.
- Luis A. Rivera-Batiz & Paul M. Romer, 1990.
"Economic Integration and Endogenous Growth,"
NBER Working Papers
3528, National Bureau of Economic Research, Inc.
- Young, Alwyn, 1991. "Learning by Doing and the Dynamic Effects of International Trade," The Quarterly Journal of Economics, MIT Press, MIT Press, vol. 106(2), pages 369-405, May.
- Purna Chandra Parida & Pravakar Sahoo, 2007. "Export-led Growth in South Asia: A Panel Cointegration Analysis," International Economic Journal, Taylor & Francis Journals, Taylor & Francis Journals, vol. 21(2), pages 155-175.
- Chee-Keong Choong & Siong-Hook Law & Zulkornain Yusop & Soo Siew Choo, 2005. "Export-led Growth Hypothesis in Malaysia: A Revisit," The IUP Journal of Monetary Economics, IUP Publications, IUP Publications, vol. 0(4), pages 26 - 42, November.
- M. Imam Alam, 2003. "Manufactured Exports, Capital Good Imports, and Economic Growth: Experience of Mexico and Brazil," International Economic Journal, Taylor & Francis Journals, Taylor & Francis Journals, vol. 17(4), pages 85-105.
- Kravis, Irving B, 1970. "Trade as a Handmaiden of Growth: Similarities between the Nineteenth and Twentieth Centuries," Economic Journal, Royal Economic Society, Royal Economic Society, vol. 80(323), pages 850-72, December.
- Grossman, Gene M & Helpman, Elhanan, 1990.
"Comparative Advantage and Long-run Growth,"
American Economic Review, American Economic Association,
American Economic Association, vol. 80(4), pages 796-815, September.
- Nowak-Lehmann D., Felicitas & Herzer, Dierk & Siliverstovs, Boriss, 2005.
"Export-Led Growth in Chile: Assessing the Role of Export Composition in Productivity Growth,"
Proceedings of the German Development Economics Conference, Kiel 2005
20, Verein für Socialpolitik, Research Committee Development Economics.
- Dierk HERZER & Felicitas NOWAK-LEHMANN D. & Boriss SILIVERSTOVS, 2006. "Export-Led Growth In Chile: Assessing The Role Of Export Composition In Productivity Growth," The Developing Economies, Institute of Developing Economies, Institute of Developing Economies, vol. 44(3), pages 306-328.
- Dierk Herzer & Felicitas Nowak-Lehmann D. & Boriss Siliverstovs, 2004. "Export-Led Growth in Chile: Assessing the Role of Export Composition in Productivity Growth," Ibero America Institute for Econ. Research (IAI) Discussion Papers, Ibero-America Institute for Economic Research 103, Ibero-America Institute for Economic Research.
- Chuang, Yih-Chyi, 1998. "Learning by Doing, the Technology Gap, and Growth," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 39(3), pages 697-721, August.
- Y-c. Chuang, 2002. "The Trade-Induced Learning Effect on Growth: Cross-Country Evidence," Journal of Development Studies, Taylor & Francis Journals, Taylor & Francis Journals, vol. 39(2), pages 137-154.
- Lucas, Robert Jr., 1988. "On the mechanics of economic development," Journal of Monetary Economics, Elsevier, Elsevier, vol. 22(1), pages 3-42, July.
- Tyler, William G., 1981. "Growth and export expansion in developing countries : Some empirical evidence," Journal of Development Economics, Elsevier, Elsevier, vol. 9(1), pages 121-130, August.
- Alwyn Young, 1991. "Learning by Doing and the Dynamic Effects of International Trade," NBER Working Papers 3577, National Bureau of Economic Research, Inc.
- Thirlwall, Anthony P & Hussain, Mohammed Nureldin, 1982. "The Balance of Payments Constraint, Capital Flows and Growth Rate Differences between Developing Countries," Oxford Economic Papers, Oxford University Press, vol. 34(3), pages 498-510, November.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Ilhan Ozturk).
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.