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This study examines the export-led growth hypothesis using annual time series data from Chile in a production function framework. It addresses the problem of specification bias under which previous studies have suffered and focuses on the impact of manufactured and mining exports on productivity...
Persistent link: https://www.econbiz.de/10010265043
The ongoing debate of the literature on learning-by-exporting is whether the conspicuously stellar performance of exporters relative to non-exporters can be, at least partially, attributed to the horizonwidening interaction with foreign consumers and learning of cost-efficient and quality...
Persistent link: https://www.econbiz.de/10010270034
This paper challenges the common view that exports generally contribute more to GDP growth than a mere change in export volume, as the export-led growth hypothesis predicts. Applying heterogeneous panel cointegration techniques to a production function model with non-export GDP as the dependent...
Persistent link: https://www.econbiz.de/10010281816
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...
Persistent link: https://www.econbiz.de/10010286623
This paper analyzes China's economic performance in the last 25 years and discusses its prospect for growth in the future. China has enjoyed high annual GDP growth rates of about ten percent in the last 25 years. Exports and investment were the two driving forces of the growth process. FDI plays...
Persistent link: https://www.econbiz.de/10010273126
Rapid trade-led economic growth in emerging Asia has been shifting the global economic and industrial centres of gravity away from the north Atlantic, raising the importance of Asia in world trade but also altering the commodity composition of trade by Asia and other regions. What began with...
Persistent link: https://www.econbiz.de/10010397264
Persistent link: https://www.econbiz.de/10010320021
Since 1988 Peru has plunged into a deep economic crisis which has already caused severe social strife and threatens to … of foreign exchange reserves, a dramatic decline of output, and mass unemployment. The economic plight of Peru can … financial support would go a long way in bringing Peru back to a sustained and socially acceptable growth path. Priority areas …
Persistent link: https://www.econbiz.de/10010305355
Persistent link: https://www.econbiz.de/10010265591
Peru belongs to the club of Latin American countries which recently declined to follow "orthodox" adjustment programmes … in 1970 - 1985 is studied in an attempt to arrive at a diagnosis of the central disease affecting economic policy in Peru …
Persistent link: https://www.econbiz.de/10010269715