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Conditioned Export-Led Growthhypothesis: A Panel Threshold Regressions Approach

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  • FERNANDO SEABRA

    (UFSC)

  • JAQUESON K. GALIMBERTI

    (UFSC)

Abstract

This paper proposes a reassessment of the export-led growth hypothesis focusing on conditioning effects from countries initial level of GDP per worker, human capital stock, and exports share in GDP. For this purpose a panel threshold regression technique was applied over selected cross-country panel data, covering a broad sample of 72 countries and two sub-samples over the period from 1974 to 2003. Special attention was given to the 5-years data averaging procedure, using panel unit root tests, and to the variables measures choice, where a sensitivity analysis is proposed. Overall, the evidence reported favors the export-led growth hypothesis, where the relationship between exports and growth was showed to be not as trivial as linear specifications would indicate.
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Suggested Citation

  • Fernando Seabra & Jaqueson K. Galimberti, 2011. "Conditioned Export-Led Growthhypothesis: A Panel Threshold Regressions Approach," Anais do XXXVIII Encontro Nacional de Economia [Proceedings of the 38th Brazilian Economics Meeting] 049, ANPEC - Associação Nacional dos Centros de Pós-Graduação em Economia [Brazilian Association of Graduate Programs in Economics].
  • Handle: RePEc:anp:en2010:049
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    References listed on IDEAS

    as
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    Cited by:

    1. Anca Maria GHERMAN & George ȘTEFAN, 2015. "Exports – trends and impacts on Romania’s economic growth process," Theoretical and Applied Economics, Asociatia Generala a Economistilor din Romania - AGER, vol. 0(2(603), S), pages 43-54, Summer.
    2. repec:agr:journl:v:2(602):y:2015:i:2(602):p:43-54 is not listed on IDEAS
    3. Fatma Zeren & Burcu Kilinc Savrul, 2013. "Revisited Export-Led Growth Hypothesis For Selected European Countries: A Panel Hidden Cointegration Approach," Istanbul University Econometrics and Statistics e-Journal, Department of Econometrics, Faculty of Economics, Istanbul University, vol. 18(1), pages 134-151, May.

    More about this item

    JEL classification:

    • O11 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Macroeconomic Analyses of Economic Development
    • O50 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - General
    • O40 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - General
    • F43 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Economic Growth of Open Economies

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