Arbeitspapier
Export-led growth hypothesis: evidence for Chile
This study examines the export-led growth hypothesis using annual time series data from Chile. It addresses the problem of specification bias under which previous studies have suffered and focuses on the impact of manufactured and primary exports on the economic growth. In order to investigate if and how manufactured and mining exports affect economic growth via increases in productivity, the study uses the Toda and Yamamoto (1995) procedure for testing for Granger non-causality in Vector Autoregressive models that involve variables that are integrated of an arbitrary order and that are possibly cointegrated. The estimation results support the export-led growth hypothesis for Chile and at the same time point out to the differentiated impact of manufactured and primary exports on the economic growth.
- Sprache
-
Englisch
- Erschienen in
-
Series: IAI Discussion Papers ; No. 112
Empirical Studies of Economic Growth; Aggregate Productivity; Cross-Country Output Convergence
Economic Growth of Open Economies
Multiple or Simultaneous Equation Models: Time-Series Models; Dynamic Quantile Regressions; Dynamic Treatment Effect Models; Diffusion Processes; State Space Models
Chile
cointegration
Herzer, Dierk
- Handle
- Letzte Aktualisierung
-
12.07.2024, 13:22 MESZ
Objekttyp
- Arbeitspapier
Beteiligte
- Siliverstovs, Boriss
- Herzer, Dierk
- Georg-August-Universität Göttingen, Ibero-America Institute for Economic Research (IAI)
Entstanden
- 2005