Export composition and Spanish economic growth: evidence from the 20th century

Balaguer, Jacint; Cantavella-Jordá, Manuel

doi:10.1016/j.jpolmod.2004.01.005

Cited by 15 publications

(3 citation statements)

References 17 publications

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“…Al-Marhubi (2000) maintains that diversification, rather than a specification, promotes growth in developing countries. Similar results were likewise uncovered by Balaguer and Cantavella-Jorda (2004a;2004b); Ben Hammouda et al (2006); with respect to Spain and African countries, respectively. Herzer and Nowak-Lehmann (2006), based on annual time series data for Chile, suggest that diversification plays an important role in growth.…”

supporting

confidence: 81%

Specialization Versus Diversification as Alternative Strategies for Sustainable Growth in Resource-Rich Developing Countries. Case of Nigeria

Young

2022

Studia Universitatis „Vasile Goldis” Arad – Economics Series

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The question of whether developing countries should pursue specialization or diversification in export as a driver of sustainable economic growth has been a subject of an intense debate in economic literature. At present, one understanding of the debate, as postulated by Imbs and Wacziarg (2003), is that economies grow through two stages of diversification and concentration as income grows: they initially diversify but re-specialize once a (relatively) high level of income per capita is attained. A U-shaped curve best explains the notion. With Nigeria as a reference country, we employed ARDL procedure and examined the aforementioned exposition over the period 1960-2019. Specifically, the non-monotonic relationship between diversification and growth is examined. In furtherance, we examined the impact of diversification on the effect of non-oil exports on growth. Employing an augmented production-function framework and two distinct measures of diversification, we find, contrary to the Imbs-Wacziarg notion, a monotonic (increasing) relationship between diversification and growth, suggesting that diversification, rather than specialization, continues with growth. Applying a similar framework and five different measures of non-oil exports, we find that the impact of diversification on the effects of agricultural and industrial sectors on growth is higher, as compared to building and construction, wholesale and retail, services sectors.

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supporting

confidence: 81%

Specialization Versus Diversification as Alternative Strategies for Sustainable Growth in Resource-Rich Developing Countries. Case of Nigeria

Young

2022

Studia Universitatis „Vasile Goldis” Arad – Economics Series

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“…A number of panel tests for both unit roots and cointegration have been developed and those used here are by Westerlund (2006a,b). 3 Conditionally, the cointegrating relationships for each country and for the panel are 2 Balaguer and Cantavella-Jorda´(2004) examine the relationship between GDP and exports using annual data for Spain for 1961-2000. Exports are disaggregated into five categories, one of which is agricultural exports.…”

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confidence: 99%

“…2 2 Balaguer and Cantavella‐Jordá (2004) examine the relationship between GDP and exports using annual data for Spain for 1961–2000. Exports are disaggregated into five categories, one of which is agricultural exports.…”

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confidence: 99%

Agricultural Exports and Economic Growth in Developing Countries: A Panel Cointegration Approach

Sanjuán-López¹,

Dawson²

2010

J Agricultural Economics

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This paper quantifies the contribution of agricultural exports to economic growth in developing countries. We estimate the relationship between GDP and agricultural and non-agricultural exports for 42 countries using panel cointegration methods. Results show that a long-run relationship exists, the agricultural export elasticity of GDP is 0.07 whereas that of non-agricultural exports is 0.13, and total exports Granger-cause GDP, which supports the export-led growth hypothesis. Structural differences exist in the relationship by broad income group. Balanced export-promotion polices are implied for the poorest countries, but, for those with higher incomes, higher economic growth is achieved from non-agricultural exports. Copyright (c) 2010 The Authors. Journal compilation (c) 2010 The Agricultural Economics Society.

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The aggregate exports-GDP relation under the prism of infrequent trend breaks and multi-horizon causality

Konstantakopoulou

2016

Int Econ Econ Policy

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Export composition and Spanish economic growth: evidence from the 20th century

Cited by 15 publications

References 17 publications

Specialization Versus Diversification as Alternative Strategies for Sustainable Growth in Resource-Rich Developing Countries. Case of Nigeria

Specialization Versus Diversification as Alternative Strategies for Sustainable Growth in Resource-Rich Developing Countries. Case of Nigeria

Agricultural Exports and Economic Growth in Developing Countries: A Panel Cointegration Approach

The aggregate exports-GDP relation under the prism of infrequent trend breaks and multi-horizon causality

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