IDEAS home Printed from https://ideas.repec.org/p/ecm/feam04/687.html
   My bibliography  Save this paper

Export Instability, Investment and Economic Growth in Asian Countries: A Time Series Analysis

Author

Listed:
  • Dipendra Sinha

Abstract

In this study, we look at the relationship between export stability, investment and economic growth in nine Asian countries using time series data. The few previous time series studies in this area have not paid any attention to stationarity and cointegration issues. We find that in most cases, the variables are non-stationary in their levels and not cointegrated. These results raise serious doubts about the results of these studies. The results are not uniform across countries casting doubts about the validity of the numerous cross-section studies. For Japan, Malaysia, Philippines and Sri Lanka, we find a negative relationship between export instability and economic growth. For (South) Korea, Myanmar, Pakistan and Thailand, we find a positive relationship between the two variables. For India, we get mixed results. In most cases, economic growth is found to be positively associated with domestic investment

Suggested Citation

  • Dipendra Sinha, 2004. "Export Instability, Investment and Economic Growth in Asian Countries: A Time Series Analysis," Econometric Society 2004 Far Eastern Meetings 687, Econometric Society.
  • Handle: RePEc:ecm:feam04:687
    as

    Download full text from publisher

    File URL: http://www.econ.yale.edu/growth_pdf/cdp799.pdf
    File Function: main text
    Download Restriction: no

    Other versions of this item:

    References listed on IDEAS

    as
    1. Oliver Hart & John Moore, 1999. "Foundations of Incomplete Contracts," Review of Economic Studies, Oxford University Press, vol. 66(1), pages 115-138.
    2. Yeon-Koo Che & Tai-Yeong Chung, 1999. "Contract Damages and Cooperative Investments," RAND Journal of Economics, The RAND Corporation, pages 84-105.
    3. William P. Rogerson, 1984. "Efficient Reliance and Damage Measures for Breach of Contract," RAND Journal of Economics, The RAND Corporation, pages 39-53.
    4. Mahoney, Paul G, 1995. "Contract Remedies and Options Pricing," The Journal of Legal Studies, University of Chicago Press, vol. 24(1), pages 139-163, January.
    5. James Dearden & Dorothy Klotz, 1996. "Investment timing and efficiency in incomplete contracts," Review of Economic Design, Springer;Society for Economic Design, vol. 2(1), pages 369-378, December.
    6. Edlin, Aaron S & Reichelstein, Stefan, 1996. "Holdups, Standard Breach Remedies, and Optimal Investment," American Economic Review, American Economic Association, vol. 86(3), pages 478-501, June.
    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. Aiello, Francesco, 2002. "Financial stabilization systems, economic growth of developing countries and EU’s STABEX," MPRA Paper 38099, University Library of Munich, Germany.
    2. Shrabanti Maity, 2013. "India’s Leather and Manufactures Export in the Scenario of WTO: An Analysis Trend and Structural Shift," Managing Global Transitions, University of Primorska, Faculty of Management Koper, vol. 11(3 (Fall)), pages 261-281.
    3. Muhammad Aslam Chaudhary & Amjad Naveed, 2003. "Export Earnings, Capital Instability and Economic Growth in South Asia," Lahore Journal of Economics, Department of Economics, The Lahore School of Economics, vol. 8(1), pages 65-89, Jan-June.
    4. Dipendra Sinha, 2007. "Effects of Volatility of Exports in the Philippines and Thailand," The IUP Journal of Financial Economics, IUP Publications, vol. 0(3), pages 78-83, September.
    5. Sarada, C. & Ravinsankar, T. & Krishnan, M. & Anandanarayanan, C., 2006. "Indian Seafood Exports: Issues of Instability, Commodity Concentration and Geographical Spread," Indian Journal of Agricultural Economics, Indian Society of Agricultural Economics, vol. 61(2).
    6. Olajide S. Oladipo, 2017. "Export Instability and Economic Growth in Nigeria: A Time Series Analysis," Research Papers RP_322, African Economic Research Consortium.

    More about this item

    Keywords

    export instability; economic growth; Asia;

    JEL classification:

    • O11 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Macroeconomic Analyses of Economic Development
    • C22 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Time-Series Models; Dynamic Quantile Regressions; Dynamic Treatment Effect Models; Diffusion Processes
    • F49 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Other

    NEP fields

    This paper has been announced in the following NEP Reports:

    Statistics

    Access and download statistics

    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:ecm:feam04:687. 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: (Christopher F. Baum). General contact details of provider: http://edirc.repec.org/data/essssea.html .

    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.