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Export-Total Factor Productivity Growth Nexus in East Asian Economies

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  • Hailin Liao

    () (Dept of Economics, Loughborough University)

  • Xiaohui Liu

    () (Business School, Loughborough University)

Abstract

Despite increasing interest in the relationship between trade and macroeconomic performance in development economics, very limited studies have been conducted on the causal links between exports and productivity growth in Asian economies. This paper examines empirically the interplay between exports and productivity growth for eight East Asian economies in a multivariate framework by applying bound tests and modified Wald tests. The results indicate that causality is bi-directional in the case of Korea, Singapore and Taiwan, while unidirectional from productivity to exports for Mainland China, Hong Kong, Indonesia, Malaysia and the Philippines. These findings provide little support for the conventional export-led growth hypothesis.

Suggested Citation

  • Hailin Liao & Xiaohui Liu, 2007. "Export-Total Factor Productivity Growth Nexus in East Asian Economies," Discussion Paper Series 2007_23, Department of Economics, Loughborough University, revised Nov 2007.
  • Handle: RePEc:lbo:lbowps:2007_23
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    File URL: http://www.lboro.ac.uk/departments/ec/RePEc/lbo/lbowps/exporttfppaper.pdf
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    References listed on IDEAS

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    1. Fried, Harold O. & Lovell, C. A. Knox & Schmidt, Shelton S. (ed.), 1993. "The Measurement of Productive Efficiency: Techniques and Applications," OUP Catalogue, Oxford University Press, number 9780195072181.
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    Cited by:

    1. repec:sdo:regaec:v:26:y:2017:i:3_5 is not listed on IDEAS
    2. Mah Jai S., 2015. "Export Expansion and Economic Growth in Tanzania," Global Economy Journal, De Gruyter, vol. 15(1), pages 173-185, March.
    3. Parjiono & A.B.M. Rabiul Alam Beg & Richard Monypenny, 2013. "The driving forces of the level and the growth rate of real per capita income in Indonesia," Applied Economics, Taylor & Francis Journals, vol. 45(17), pages 2389-2400, June.

    More about this item

    Keywords

    TFP; exports; bound tests; lag-augmented VAR; East Asian economies;

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