IDEAS home Printed from https://ideas.repec.org/a/taf/jitecd/v7y1998i1p111-137.html
   My bibliography  Save this article

Export trade, trade derivatives, and economic growth of Hong Kong: a new scenario

Author

Listed:
  • Chyau Tuan
  • Linda Fung-Yee Ng

Abstract

This study aims to investigate the changing nature of trade and trade performance in Hong Kong and the long-run relations of trade/trade components with output growth. The industrial structural adjustment of the Hong Kong economy as fostered by the evolving nature of trade is also discussed. Research findings showed that the evolving trade in Hong Kong from conventional entrepot to domestic export-led dominance and to re-export or outward-processing dominance has great significance on output growth. Export trade and output growth are related in the long run by trade components. Trading businesses have been enlarged towards the domain of manufacturing management and/or diversified 'trade derivatives'. A new dimension to 'trade' traditionally perceived by economists could be added by allowing the contributions of 'unconventional re-exports' and 'trade derivatives'.

Suggested Citation

  • Chyau Tuan & Linda Fung-Yee Ng, 1998. "Export trade, trade derivatives, and economic growth of Hong Kong: a new scenario," The Journal of International Trade & Economic Development, Taylor & Francis Journals, vol. 7(1), pages 111-137.
    • Handle: RePEc:taf:jitecd:v:7:y:1998:i:1:p:111-137
    DOI: 10.1080/09638199800000007
    as

    Download full text from publisher

    File URL: http://www.tandfonline.com/doi/abs/10.1080/09638199800000007
    Download Restriction: Access to full text is restricted to subscribers.
    File URL: https://libkey.io/10.1080/09638199800000007?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. Jeffrey A. Frankel, David Romer and Teresa Cyrus., 1995. "Trade and Growth in East Asian Countries: Cause and Effect?," Center for International and Development Economics Research (CIDER) Working Papers C95-050, University of California at Berkeley.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Kalaitzi Athanasia S. & Chamberlain Trevor W., 2019. "Further Evidence on Export-Led Growth in the United Arab Emirates: Are Non-Oil Exports or Re-Exports the Key to Economic Growth?," Review of Middle East Economics and Finance, De Gruyter, vol. 15(2), pages 1-15, August.
    2. Tuan, Chyau & Ng, Linda F. Y., 2001. "Regional division of labor from agglomeration economies' perspective: some evidence," Journal of Asian Economics, Elsevier, vol. 12(1), pages 65-85.
    3. Anatolijs Prohorovs, 2023. "Re-Export: Assessing the Impact of Re-Export Companies on Sectors and the Economy," JRFM, MDPI, vol. 16(2), pages 1-25, January.
    4. Tuan, Chyau & Ng, Linda F. Y., 2003. "FDI facilitated by agglomeration economies: evidence from manufacturing and services joint ventures in China," Journal of Asian Economics, Elsevier, vol. 13(6), pages 749-765, January.
    5. Kalaitzi, Athanasia S. & Chamberlain, Trevor W., 2020. "Merchandise exports and economic growth: multivariate time series analysis for the United Arab Emirates," LSE Research Online Documents on Economics 103781, London School of Economics and Political Science, LSE Library.
    6. Athanasia S. Kalaitzi & Emmanuel Cleeve, 2018. "Export-led growth in the UAE: multivariate causality between primary exports, manufactured exports and economic growth," Eurasian Business Review, Springer;Eurasia Business and Economics Society, vol. 8(3), pages 341-365, September.
    7. Kalaitzi, Athanasia & Chamberlain, Trevor W., 2019. "Further evidence on export-led growth in the United Arab Emirates: are non-oil exports or re-exports the key to economic growth?," LSE Research Online Documents on Economics 103827, London School of Economics and Political Science, LSE Library.
    8. Mahadevan, Renuka & Suardi, Sandy, 2008. "A dynamic analysis of the impact of uncertainty on import- and/or export-led growth: The experience of Japan and the Asian Tigers," Japan and the World Economy, Elsevier, vol. 20(2), pages 155-174, March.
    9. Chyau Tuan & Linda Fung‐Yee Ng, 2004. "FDI and Industrial Restructuring in Post‐WTO Greater PRD: Implications on Regional Growth in China," The World Economy, Wiley Blackwell, vol. 27(10), pages 1609-1630, November.
    10. Tuan, Chyau & Ng, Linda Fung-Yee, 2007. "The place of FDI in China's regional economic development: Emergence of the globalized delta economies," Journal of Asian Economics, Elsevier, vol. 18(2), pages 348-364, April.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Kiyong Keum, 2010. "Tourism flows and trade theory: a panel data analysis with the gravity model," The Annals of Regional Science, Springer;Western Regional Science Association, vol. 44(3), pages 541-557, June.
    2. Utku Utkulu & Durmus Özdemir, 2005. "Does Trade Liberalization Cause a Long Run Economic Growth in Turkey," Economic Change and Restructuring, Springer, vol. 37(3), pages 245-266, September.
    3. Uzma Zia, 2019. "An Evidence of Diverging SAARC Economies," PIDE-Working Papers 2019:170, Pakistan Institute of Development Economics.
    4. Durlauf, Steven N. & Quah, Danny T., 1999. "The new empirics of economic growth," Handbook of Macroeconomics, in: J. B. Taylor & M. Woodford (ed.), Handbook of Macroeconomics, edition 1, volume 1, chapter 4, pages 235-308, Elsevier.
    5. Diaz-Bautista, Alejandro, 2002. "The role of telecommunications infrastructure and human capital: Mexico´s economic growth and convergence," ERSA conference papers ersa02p102, European Regional Science Association.
    6. Frankel, Jeffrey A. & Rose, Andrew K., 1996. "A panel project on purchasing power parity: Mean reversion within and between countries," Journal of International Economics, Elsevier, vol. 40(1-2), pages 209-224, February.
    7. Simrit Kaur & Aditya Vikram, 2013. "Economic impact of trade openness and exchange rate regimes: evidence from developing Asia," International Journal of Business and Emerging Markets, Inderscience Enterprises Ltd, vol. 5(4), pages 341-370.
    8. Goh, Ai-Ting & Olivier, Jacques, 2002. "Learning by doing, trade in capital goods and growth," Journal of International Economics, Elsevier, vol. 56(2), pages 411-444, March.
    9. Ai‐Ting Goh & Henry Y. Wan, 2005. "Fragmentation, Engel's Law, and Learning," Review of International Economics, Wiley Blackwell, vol. 13(3), pages 518-528, August.
    10. Krishna, Kala & Ozyildirim, Ataman & Swanson, Norman R., 2003. "Trade, investment and growth: nexus, analysis and prognosis," Journal of Development Economics, Elsevier, vol. 70(2), pages 479-499, April.
    11. Ricardo A. López, 2005. "Trade and Growth: Reconciling the Macroeconomic and Microeconomic Evidence," Journal of Economic Surveys, Wiley Blackwell, vol. 19(4), pages 623-648, September.
    12. repec:asi:ajoerj:2013:p:763-774 is not listed on IDEAS
    13. Rongxing Guo, 2007. "Linguistic and Religious Influences on Foreign Trade: Evidence from East Asia," Asian Economic Journal, East Asian Economic Association, vol. 21(1), pages 101-121, March.
    14. Easterly, William & Levine, Ross, 2003. "Tropics, germs, and crops: how endowments influence economic development," Journal of Monetary Economics, Elsevier, vol. 50(1), pages 3-39, January.
    15. Hildegunn Ekroll Stokke & Jørn Rattsø & Xinshen Diao, 2001. "Learning by Exporting and Productivity-investment Interaction: An Intertemporal General Equilibrium Analysis of the Growth Process in Thailand," Working Paper Series 2302, Department of Economics, Norwegian University of Science and Technology.
    16. Frankel, Jeffrey A, 1996. "Recent Exchange-Rate Experience and Proposals for Reform," American Economic Review, American Economic Association, vol. 86(2), pages 153-158, May.
    17. Frankel, J-A & Rose, A-K, 1996. "Economic Structure and the Decision to Adopt a Common Currency," Papers 611, Stockholm - International Economic Studies.
    18. Guo, Rongxing, 2004. "How culture influences foreign trade: evidence from the U.S. and China," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 33(6), pages 785-812, December.
    19. Feenstra, Robert C. & Madani, Dorsati & Yang, Tzu-Han & Liang, Chi-Yuan, 1999. "Testing endogenous growth in South Korea and Taiwan," Journal of Development Economics, Elsevier, vol. 60(2), pages 317-341, December.
    20. Klaus Wälde & Christina Wood, 2004. "The empirics of trade and growth: where are the policy recommendations?," International Economics and Economic Policy, Springer, vol. 1(2), pages 275-292, January.
    21. Hsiao, Frank S.T. & Hsiao, Mei-Chu W., 2006. "FDI, exports, and GDP in East and Southeast Asia--Panel data versus time-series causality analyses," Journal of Asian Economics, Elsevier, vol. 17(6), pages 1082-1106, December.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:taf:jitecd:v:7:y:1998:i:1:p:111-137. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Chris Longhurst (email available below). General contact details of provider: http://www.tandfonline.com/RJTE20 .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.