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Export Productivity, Finance, and Economic Growth: Are the Southern Engines of Growth Different?

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  • Guariglia, Alessandra
  • Santos-Paulino, Amelia U.

Abstract

Using a panel of 139 countries over the period 1992-2003, we analyse the links between export productivity, economic growth and financial development indicators. We then investigate whether the links observed in China, India and Brazil systematically differ from those observed in other countries in the sample. We find that both GDP per capita and investment generally exert a positive and significant effect on export productivity. Except for Brazil, financial development is not an important determinant of export productivity. Moreover, except for Brazil, export productivity plays a positive effect on growth, and so does financial development for both China and Brazil, but not for India. Finally, in both India and Brazil, FDI is negatively associated with growth.

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File URL: http://www.wider.unu.edu/stc/repec/pdfs/rp2008/rp2008-27.pdf
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Bibliographic Info

Paper provided by World Institute for Development Economic Research (UNU-WIDER) in its series Working Paper Series with number RP2008/27.

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Length: 24 pages
Date of creation: 2008
Date of revision:
Handle: RePEc:unu:wpaper:rp2008-27

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Keywords: export productivity; financial development; FDI; growth;

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Cited by:
  1. Amelia Santos-Paulino, 2011. "Trade specialization, export productivity and growth in Brazil, China, India, South Africa, and a cross section of countries," Economic Change and Restructuring, Springer, vol. 44(1), pages 75-97, April.

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