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Structural Change In Exports And Economic Growth: Cointegration And Causality Analysis For Spain (1961-2000)

Author

Listed:
  • Jacint Balaguer

    () (Universitat Jaume I)

  • Manuel Cantavella-Jordá

    (Universitat Jaume I)

Abstract

In this paper the Spanish export-led growth hypothesis is re-examined from the trade liberalisation process initiated four decades ago. For this purpose it is taken under consideration both the export expansion and the progression from "traditional" exports to manufactured and semi-manufactured exports. A new evidence is reported for the above period. Alongside a feedback between aggregate exports and real output, it has been proved that the structural transformation in export composition has also become a key factor for Spain?s economic development. En este trabajo se estudia el sector exportador como motor del crecimiento económico español a partir del proceso de liberalización comercial iniciado hace cuatro décadas. Para este propósito se ha tenido en cuenta tanto la expansión de las exportaciones agregadas como el cambio en la estructura de las mismas. Los resultados indican que existe doble causalidad entre la expansión de las exportaciones y el crecimiento de la producción real y que, además, la transformación experimentada en la estructura exportadora hacia los sectores tecnológicos y manufactureros ha sido un factor clave en el desarrollo económico español de los últimos años.

Suggested Citation

  • Jacint Balaguer & Manuel Cantavella-Jordá, 2002. "Structural Change In Exports And Economic Growth: Cointegration And Causality Analysis For Spain (1961-2000)," Working Papers. Serie EC 2002-22, Instituto Valenciano de Investigaciones Económicas, S.A. (Ivie).
  • Handle: RePEc:ivi:wpasec:2002-22
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    References listed on IDEAS

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    Citations

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    Cited by:

    1. Ahdi N. Ajmi & Goodness C. Aye & Mehmet Balcilar & Rangan Gupta, 2015. "Causality between exports and economic growth in South Africa: evidence from linear and nonlinear tests," Journal of Developing Areas, Tennessee State University, College of Business, vol. 49(2), pages 163-181, April-Jun.
    2. Abolghasem Mahdavi & Mehdi Fatemi, 2007. "An Investigation of the Impact of Non- Oil Exports on Economic Growth– Case of Iran," Iranian Economic Review, Economics faculty of Tehran university, vol. 12(2), pages 37-59, spring.
    3. Shahbaz, Muhammad & Rahman, Mizanur, 2011. "Impact of economic growth and financial development on exports: Cointegration and causality analysis in Pakistan," MPRA Paper 28563, University Library of Munich, Germany.
    4. Shahbaz, Muhammad & Mohammad, Mafizur Rahman, 2014. "The Dynamics of Exports, Financial Development and Economic Growth in Pakistan: New Extensions from Cointegration and Causality Analysis," MPRA Paper 53225, University Library of Munich, Germany, revised 19 Jan 2014.
    5. repec:eee:touman:v:47:y:2015:i:c:p:191-205 is not listed on IDEAS
    6. repec:eee:riibaf:v:42:y:2017:i:c:p:1150-1163 is not listed on IDEAS
    7. Qun Bao & Puyang Sun & Jiayu Yang & Li Su, "undated". "Does High-tech Export Cause More Technology Spillover? Evidence from Contemporary China," Discussion Papers 10/06, University of Nottingham, GEP.
    8. Ferreira, Gustavo F.C. & Harrison, R. Wes, 2012. "From Coffee Beans to Microchips: Export Diversification and Economic Growth in Costa Rica," Journal of Agricultural and Applied Economics, Southern Agricultural Economics Association, vol. 44(04), November.
    9. Harrison, Ann & Rodríguez-Clare, Andrés, 2010. "Trade, Foreign Investment, and Industrial Policy for Developing Countries," Handbook of Development Economics, Elsevier.
    10. Ferreira, Gustavo F.C., 2009. "From Coffee Beans to Microchips: Export Diversification and Economic Growth in Costa Rica," 2009 Annual Meeting, January 31-February 3, 2009, Atlanta, Georgia 47178, Southern Agricultural Economics Association.

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