Arbeitspapier
Does trade increase total factor productivity: cointegration evidence for Chile
In this study, we examine the long-run impact of capital goods imports, exports of manufactured and primary goods on total factor productivity in Chile. Using the integration and cointegration techniques of Kapetanios (2005), Pesaran, Shin, and Smith (2001), Stock (1987), and Saikkonen (1991) we find a long-run relationship between these variables. All in all, our estimation results provide evidence for the existence of productivity-enhancing effects of capital goods imports and manufactured exports and of productivity-limiting effects of primary exports.
- Sprache
-
Englisch
- Erschienen in
-
Series: IAI Discussion Papers ; No. 115
Empirical Studies of Economic Growth; Aggregate Productivity; Cross-Country Output Convergence
Open Economy Macroeconomics
Single Equation Models; Single Variables: Time-Series Models; Dynamic Quantile Regressions; Dynamic Treatment Effect Models; Diffusion Processes
trade composition
productivity
cointegration
- Handle
- Letzte Aktualisierung
-
12.07.2024, 13:23 MESZ
Objekttyp
- Arbeitspapier
Beteiligte
- Herzer, Dierk
- Georg-August-Universität Göttingen, Ibero-America Institute for Economic Research (IAI)
Entstanden
- 2005