The Dynamics of Exports and Productivity at the Plant Level: A Panel Data Error Correction Model (ECM) Approach
AbstractThis article examines the short-run and long-run dynamics of the export-productivity relationship for Turkish manufacturing industries. We use an error correction model (ECM) estimated using a system Generalized Method of Moments (GMM) estimator to achieve this objective. Our results suggest that permanent productivity shocks generate larger long-run export level responses, as compared to long-run productivity responses from permanent export shocks. This result suggests that industrial policy should be geared toward permanent improvements in plant-productivity in order to have sustainable long-run export and economic growth.
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Bibliographic InfoPaper provided by Department of Economics, Emory University (Atlanta) in its series Emory Economics with number 0322.
Date of creation: Oct 2003
Date of revision:
This paper has been announced in the following NEP Reports:
- NEP-ALL-2003-11-23 (All new papers)
- NEP-EFF-2003-11-23 (Efficiency & Productivity)
- NEP-INO-2003-11-23 (Innovation)
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