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Export-led growth hypothesis: Evidence for Chile

Author

Listed:
  • Boriss Siliverstovs

    (DIW, Berlin)

  • Dierk Herzer

    (Universität Göttingen)

Abstract

This study examines the export-led growth hypothesis using annual time series data from Chile. It addresses the problem of specification bias under which previous studies have suffered and focuses on the impact of manufactured and primary exports on the economic growth. In order to investigate if and how manufactured and mining exports affect economic growth via increases in productivity, the study uses the Toda and Yamamoto (1995) procedure for testing for Granger non-causality in Vector Autoregressive models that involve variables that are integrated of an arbitrary order and that are possibly cointegrated. The estimation results support the export-led growth hypothesis for Chile and at the same time point out to the differentiated impact of manufactured and primary exports on the economic growth.

Suggested Citation

  • Boriss Siliverstovs & Dierk Herzer, 2005. "Export-led growth hypothesis: Evidence for Chile," Ibero America Institute for Econ. Research (IAI) Discussion Papers 112, Ibero-America Institute for Economic Research.
    • Handle: RePEc:got:iaidps:112
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    References listed on IDEAS

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    More about this item

    Keywords

    Export-led growth; Chile; cointegration;
    All these keywords.

    JEL classification:

    • O47 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Empirical Studies of Economic Growth; Aggregate Productivity; Cross-Country Output Convergence
    • F43 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Economic Growth of Open Economies
    • C32 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables - - - Time-Series Models; Dynamic Quantile Regressions; Dynamic Treatment Effect Models; Diffusion Processes; State Space Models

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