IDEAS home Printed from
   My bibliography  Save this paper

Modelling Manufactured Exports: Evidence for Asian Newly Industrialising Economies


  • Francis In
  • Pasquale Sgro
  • Jai-Hyung Yoon


This paper examines the determinants of export growth for four of the Asian newly industrialising economies (NIEs): Hong Kong, Korea, Singapore and Taiwan. Using the framework of cointegration and error correction modelling, it is found that, in the case of Singapore, income effects, competitiveness (relative price effects) and exchange rate effects are the dominant sources of export growth while in Korea’s case, these same variables are less significant in explaining export growth. In the case of Taiwan, income effects and exchange rate effect are more dominant than relative price effects and domestic factors such as exchange rate, and export prices have more significantly affected export growth in Hong Kong. Overall, the most significant variable in explaining export growth in the NIEs is the exchange rate. The empirical evidence indicates that the J-curve does exist for these NIE exports.

Suggested Citation

  • Francis In & Pasquale Sgro & Jai-Hyung Yoon, 1998. "Modelling Manufactured Exports: Evidence for Asian Newly Industrialising Economies," Asia Pacific Economic Papers 277, Australia-Japan Research Centre, Crawford School of Public Policy, The Australian National University.
  • Handle: RePEc:csg:ajrcau:277

    Download full text from publisher

    File URL:
    Download Restriction: no

    References listed on IDEAS

    1. Christopher Findlay, 1997. "The APEC Air Transport Schedule," Asia Pacific Economic Papers 273, Australia-Japan Research Centre, Crawford School of Public Policy, The Australian National University.
    2. Jayant Menon, 1998. "Laos in the ASEAN Free Trade Area: Trade, Revenue and Investment Implications," Asia Pacific Economic Papers 276, Australia-Japan Research Centre, Crawford School of Public Policy, The Australian National University.
    Full references (including those not matched with items on IDEAS)

    More about this item

    JEL classification:

    • O53 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Asia including Middle East


    Access and download statistics


    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:csg:ajrcau:277. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Akira Kinefuchi). General contact details of provider: .

    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.

    We have no references for this item. You can help adding them by using 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.

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

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.