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The role of export composition in export-led growth in Australia and its regions

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  • Shafiullah, Muhammad
  • Selvanathan, Saroja
  • Naranpanawa, Athula

Abstract

The export-led economic growth hypothesis is explored at the sectoral level for Australia and its regions. The merchandise exports data can be disaggregated into four broad sectors: (i) Agriculture, (ii) Mining and Fuels, (iii) Manufacturing and, (iv) Other. The results reveal that Mining and Fuels exports have played a crucial role in driving economic growth in Australia nationally and in three of its regions, New South Wales, Queensland, and Western Australia, and that the growth path of each region is unique.

Suggested Citation

  • Shafiullah, Muhammad & Selvanathan, Saroja & Naranpanawa, Athula, 2017. "The role of export composition in export-led growth in Australia and its regions," Economic Analysis and Policy, Elsevier, vol. 53(C), pages 62-76.
    • Handle: RePEc:eee:ecanpo:v:53:y:2017:i:c:p:62-76
    DOI: 10.1016/j.eap.2016.11.002
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    3. Waheed, Rida & Sarwar, Suleman & Dignah, Ashwaq, 2020. "The role of non-oil exports, tourism and renewable energy to achieve sustainable economic growth: What we learn from the experience of Saudi Arabia," Structural Change and Economic Dynamics, Elsevier, vol. 55(C), pages 49-58.
    4. Alexander Carvajal & Oscar López, 2021. "An Empirical Test of the Export-Led Model in the Member Countries of the Andean Community (Comunidad Andina de Naciones – CAN)," Lecturas de Economía, Universidad de Antioquia, Departamento de Economía, issue 94, pages 257-272, Enero-Jun.
    5. Dmitriy Izotov, 2018. "Influence of Foreign Economic Activity on the Economic Growth of Russian Regions," Economy of region, Centre for Economic Security, Institute of Economics of Ural Branch of Russian Academy of Sciences, vol. 1(4), pages 1450-1462.
    6. Konstantakopoulou, Ioanna, 2022. "Does health quality affect tourism? Evidence from system GMM estimates," Economic Analysis and Policy, Elsevier, vol. 73(C), pages 425-440.
    7. Wu, Rui & Dai, Hancheng & Geng, Yong & Xie, Yang & Tian, Xu, 2019. "Impacts of export restructuring on national economy and CO2 emissions: A general equilibrium analysis for China," Applied Energy, Elsevier, vol. 248(C), pages 64-78.
    8. Klimis Vogiatzoglou, 2019. "Export Composition and Long-run Economic Growth Impact: A Cointegration Analysis for ASEAN ‘Latecomer’ Economies," Margin: The Journal of Applied Economic Research, National Council of Applied Economic Research, vol. 13(2), pages 168-191, May.
    9. Titus Isaiah Zayone & Shida Rastegari Henneberry & Riza Radmehr, 2020. "Effects of Agricultural, Manufacturing, and Mineral Exports on Angola’s Economic Growth," Energies, MDPI, vol. 13(6), pages 1-17, March.
    10. Dmitriy Aleksandrovich Izotov, 2018. "Economic Growth and the Trade of Russian Regions," Spatial Economics=Prostranstvennaya Ekonomika, Economic Research Institute, Far Eastern Branch, Russian Academy of Sciences (Khabarovsk, Russia), issue 4, pages 92-114.
    11. Hajkowicz, Stefan & Bratanova, Alexandra & Schleiger, Emma & Brosnan, A, 2020. "Global trade and investment megatrends," MPRA Paper 113240, University Library of Munich, Germany.

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    More about this item

    Keywords

    Exports; Export-led growth; Regional; Export sectors;
    All these keywords.

    JEL classification:

    • 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
    • F41 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Open Economy Macroeconomics
    • O47 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Empirical Studies of Economic Growth; Aggregate Productivity; Cross-Country Output Convergence
    • R11 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - Regional Economic Activity: Growth, Development, Environmental Issues, and Changes

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