Pursuing Manufacturing-BasedExport-Led Growth: Are Developing Countries Increasingly Crowding Each Other Out?
AbstractThis study empirically investigates the presence of crowding out effects emerging from intra-developing country competition in export markets for manufactured goods. Export equations are estimated for a panel consisting of twenty major developing country exporters of manufac- tures, after developing weighted price and quantity indexes based on their exports to thirteen major industrialized countries. The results indicate that in spite of an increase in the elasticity of industrialized country expenditures on imported products, crowding out effects became much more significant in the 1990s. The estimated crowding out effects vary across time periods, SITC categories, and levels of technological sophistication of exports. JEL Categories: F10, O01, F42
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Bibliographic InfoPaper provided by University of Massachusetts Amherst, Department of Economics in its series UMASS Amherst Economics Working Papers with number 2006-05.
Date of creation: May 2006
Date of revision:
Crowding out; export displacement; real exchange rates; intra-developing country competition; dynamic panel data techniques; generalized method of moments.;
Find related papers by JEL classification:
- F10 - International Economics - - Trade - - - General
- O01 - Economic Development, Technological Change, and Growth - - General - - -
- F42 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - International Policy Coordination and Transmission
This paper has been announced in the following NEP Reports:
- NEP-ALL-2006-05-20 (All new papers)
- NEP-CWA-2006-05-20 (Central & Western Asia)
- NEP-INT-2006-05-20 (International Trade)
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