IDEAS home Printed from https://ideas.repec.org/p/oec/devaaa/87-en.html
   My bibliography  Save this paper

Alternative Explanations of the Trade-Output Correlation in the East Asian Economies

Author

Listed:
  • Colin I. Bradford Jr.
  • Naomi Chakwin

Abstract

A number of Asian countries have been able to follow the example of Japan and develop sophisticated industrial economies in a relatively short time. Specifically, Hong Kong, South Korea, Singapore and Taiwan have become known as the "Four Tigers" of Asia due to their strength and importance in international markets. It is not only the pace of industrialisation but the relative equity which has accompanied growth in these countries that has fascinated economists.This paper analyses alternative structural models which represent different theoretical frameworks for development in East Asia. A structural vectorautoregressive technique is used with panel data comprising Hong Kong, Japan, South Korea, Singapore and Taiwan, for the period 1969-89. This technique has been chosen because it can discriminate between structural hypotheses.The first model tested is a model of export-led output growth. In this exercise exports are allowed to have a direct stimulating effect on the economy. In ... Un bon nombre de pays asiatiques ont pu suivre l'exemple du Japon et développer, en un temps relativement court, des économies industrielles sophistiquées. Hong Kong, la Corée du Sud, Singapour et Taiwan, en particulier, se sont fait connaître comme les "Quatre Tigres" de l'Asie, grâce à leur vitalité et à leur importance sur les marchés internationaux. Les économistes ont été impressionnés non seulement par le rythme de l'industrialisation, mais aussi par la relative équité qui, dans ces pays, a accompagné la croissance.Ce document analyse des modèles structurels de remplacement représentant différents schémas théoriques pour un développement en Asie de l'Est. On utilise une analyse autorégressive structurelle avec des données d'échantillon comprenant Hong Kong, le Japon, la Corée du Sud, Singapour et Taiwan, pour la période 1969-89. Cette technique a été choisie parce qu'elle permet de différencier les hypothèses structurelles.Le premier modèle testé est un modèle de croissance de la ...

Suggested Citation

  • Colin I. Bradford Jr. & Naomi Chakwin, 1993. "Alternative Explanations of the Trade-Output Correlation in the East Asian Economies," OECD Development Centre Working Papers 87, OECD Publishing.
  • Handle: RePEc:oec:devaaa:87-en
    as

    Download full text from publisher

    File URL: http://dx.doi.org/10.1787/448367214462
    Download Restriction: no

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Klaus Wälde & Christina Wood, 2004. "The empirics of trade and growth: where are the policy recommendations?," International Economics and Economic Policy, Springer, vol. 1(2), pages 275-292, January.
    2. Sharma, Susan Sunila, 2010. "The relationship between energy and economic growth: Empirical evidence from 66 countries," Applied Energy, Elsevier, vol. 87(11), pages 3565-3574, November.
    3. David H. Romer & Jeffrey A. Frankel, 1999. "Does Trade Cause Growth?," American Economic Review, American Economic Association, vol. 89(3), pages 379-399, June.
    4. Yolanda Fernández Lommen, 2000. "Crecimiento económico y comercio exterior en China," Documentos de trabajo de la Facultad de Ciencias Económicas y Empresariales 00-11, Universidad Complutense de Madrid, Facultad de Ciencias Económicas y Empresariales.
    5. Jeffrey A. Frankel & David Romer & Teresa Cyrus, 1995. "Trade and growth in East Asian countries: cause and effect?," Pacific Basin Working Paper Series 95-03, Federal Reserve Bank of San Francisco.
    6. Kamel Malik BENSAFTA, 2013. "Les exportations des produits manufacturés et convergence du niveau de vie : cas d'un pays exportateur de pétrole," LEO Working Papers / DR LEO 1113, Orleans Economics Laboratory / Laboratoire d'Economie d'Orleans (LEO), University of Orleans.
    7. Diaz-Bautista, Alejandro, 2002. "The role of telecommunications infrastructure and human capital: Mexico´s economic growth and convergence," ERSA conference papers ersa02p102, European Regional Science Association.
    8. Jeffrey A. Frankel & Andrew K. Rose, 2000. "Estimating the Effect of Currency Unions on Trade and Output," NBER Working Papers 7857, National Bureau of Economic Research, Inc.
    9. Jeffrey A. Frankel & David Romer, 1996. "Trade and Growth: An Empirical Investigation," NBER Working Papers 5476, National Bureau of Economic Research, Inc.
    10. Akyuz, Yilmaz & Gore, Charles, 1996. "The investment-profits nexus in East Asian industrialization," World Development, Elsevier, vol. 24(3), pages 461-470, March.

    More about this item

    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:oec:devaaa:87-en. 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: (). General contact details of provider: http://edirc.repec.org/data/dcoecfr.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.