Arbeitspapier

A further examination of the export-led growth hypothesis

This paper challenges the common view that exports generally contribute more to GDP growth than a pure change in export volume, as the export-led growth hypothesis predicts. Applying panel cointegration techniques to a production function with non-export GDP as the dependent variable, we find for a sample of 45 developing countries that: (i) exports have a positive short-run effect on non-export GDP and vice versa (short-run bidirectional causality), (ii) the long-run effect of exports on non-export output, however, is negative on average, but (iii) there are large differences in the long-run effect of exports on non-export GDP across countries. Cross-sectional regressions indicate that these cross-country differences in the long-run effect of exports on non-export GDP are significantly negatively related to cross-country differences in primary export dependence and business and labor market regulation. In contrast, there is no significant association between the growth effect of exports and the capacity of a country to absorb new knowledge.

Sprache
Englisch

Erschienen in
Series: FIW Working Paper ; No. 84

Klassifikation
Wirtschaft
Economic Growth of Open Economies
Macroeconomic Analyses of Economic Development
Single Equation Models; Single Variables: Panel Data Models; Spatio-temporal Models
Thema
Export-led growth
Developing countries
Panel cointegration

Ereignis
Geistige Schöpfung
(wer)
Dreger, Christian
Herzer, Dierk
Ereignis
Veröffentlichung
(wer)
FIW - Research Centre International Economics
(wo)
Vienna
(wann)
2012

Handle
Letzte Aktualisierung
10.03.2025, 11:45 MEZ

Datenpartner

Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.

Objekttyp

  • Arbeitspapier

Beteiligte

  • Dreger, Christian
  • Herzer, Dierk
  • FIW - Research Centre International Economics

Entstanden

  • 2012

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