Mahadevan, Renuka; Suardi, Sandy - In: Journal of Asian Economics 22 (2011) 2, pp. 174-188
This paper investigates the trade-productivity growth relationship by incorporating uncertainty/volatility in a VECM-GARCH model. Using Singapore as a case study, we find evidence supporting the crucial role of imports as a beneficial conduit for growth in both total factor productivity (TFP)...