Export specialization and economic growth around the world

Lee, Jim

doi:10.1016/j.ecosys.2010.11.002

Cited by 71 publications

(59 citation statements)

References 58 publications

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“…Our results extend and complement recent studies that examine the linkages between the product characteristics of exports and economic growth (Feenstra and Rose 2000;Bensidoun et al 2002;An and Iyigun 2004;Hausmann et al 2007;Lee 2011). Table 5 not only shows that export maturity as we have measured it, matters for growth.…”

supporting

confidence: 72%

“…They show that a higher skill content of exports correlates with a higher growth rate. Lee (2011) adds to the evidence that countries have tended to grow more rapidly when they have increasingly specialised in exporting high-technology as opposed to traditional or low-technology goods and Jarreau and Poncet (2012) shows that export sophistication drives growth also at the regional level in China. Last but not least, a small number of recent papers examines how the network structure of economic output influences a country's overall wealth and development (Hidalgo et al 2007;Hidalgo and Hausmann 2009;Hausmann and Hidalgo 2011).…”

Section: Literature Reviewmentioning

confidence: 99%

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International product life cycles, trade and development stages

Audretsch

Sanders

2017

J Technol Transf

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In this paper we first propose a proxy for early stage activity in a country's exports based on product life cycle theory. Employing a conditional latent class model, we then examine the relationship between this measure and economic growth for 93 countries during the period 1988-2005. We find that the impact of early stage activity differs across three clusters of countries. And we find that GDP levels can predict the cluster and the sign of the coefficient in a non-linear manner. In the richest countries, exporting products that are in an early stage of their product life cycle is associated with higher growth rates. In contrast, we find a cluster of middle income countries with high growth rates that grow faster by exporting more mature products that are in the later stages of their life cycle. Finally, early stage activity has no significant impact on growth in the cluster of the poorest, developing countries. Countries in early stages of development should focus on acquiring market share in mature markets with routine technologies whereas emerging economies face the challenge of at some point switching from copying mature to inventing new products as they approach the global technology frontier. At that frontier they must join the advanced economies who specialise in early stage innovative products to stay ahead of increasing competition from abroad.

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supporting

confidence: 72%

Section: Literature Reviewmentioning

confidence: 99%

International product life cycles, trade and development stages

Audretsch

Sanders

2017

J Technol Transf

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“…(Sachs and Warner, 2001) In the most model variants extraction causes the shrinking of manufacturing (Auty, 1998a), a sector which is assumed to generate positive external effects via learning-by-doing and technology diffusion. In the Ricardian view, the comparative advantage in the resource sector induces export specialization in low-tech extraction (Lee, 2011) and pushes the country onto a less favourable long-term growth path. Papyrakis demonstrated how natural wealth lowers efforts on research and development.…”

Section: Evolution Of the Literaturementioning

confidence: 99%

A Review on the Resource Curse

Szalai

2018

Period. Polytech. Soc. Man. Sci.

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Natural wealth is generally considered as one of the fundamental sources of economic growth. However, a vast majority of the related empirical research verified that resource-rich countries tend to underperform their resource-deficient counterparts. This paradox is known as the resource curse. During the past two decades more sophisticated analyses have revealed that the presence of the curse is conditional and its growth effects are non-monotonic. Recent efforts concentrate on understanding the transmission channels and identifying the decisive conditions on the fulfillment of the curse. This article gives an overview on the progress and depicts the current state of the research.

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“…The first approach is export-led growth. This approach has suggested that export promotes economic growth (Dritsaki, 2013;Ee, 2016;Lee, 2011;Trost and Bojnec, 2015). Economic policy should be addressed to speed up the industrialization process of the countries by opening markets to foreign trade and, ultimately, economic growth (Sharma and Dhakal, 1994;Dawe, 1996).…”

Section: Export -Economic Growth Nexusmentioning

confidence: 99%

Export, Energy Consumption and Economic Growth Inter-Linkages: The Case of Lithuania

Dudzevičiūtė

Šimelytė

2017

Scientific Annals of Economics and Business

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This paper has aimed to examine the causal relationships between energy consumption -economic growth, export -energy consumption and export -economic growth in Lithuania during the period of 1998 -2015. Descriptive statistics analysis and econometric techniques have been applied for this purpose. Granger causality test has been used to a time series data set to determine the causality between variables. The results of Granger causality test have shown unidirectional causality running from GDP to energy consumption, from export to GDP and from export to energy consumption. It is obvious that GDP and export play significant roles in accelerating energy consumption in Lithuania. The determination of the causal links between energy consumption -economic growth, exporteconomic growth and energy consumption -export has provided policy makers with the main insights to formulate future policy directions for sustainable economic development in Lithuania.

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Export specialization and economic growth around the world

Cited by 71 publications

References 58 publications

International product life cycles, trade and development stages

International product life cycles, trade and development stages

A Review on the Resource Curse

Export, Energy Consumption and Economic Growth Inter-Linkages: The Case of Lithuania

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