Exports of Services, Exports of Goods, and Economic Growth in Developing Countries

Gabriele, Alberto

doi:10.11130/jei.2006.21.2.294

Cited by 31 publications

(46 citation statements)

References 31 publications

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“…To perform this analysis, we estimate another variant of model (1) that includes the interaction variable between the variable "HHI" and a variable denoted "GRSERVEXP", which measures the services exports growth rate (%). In light of the finding by some studies that services exports positively affect economic growth (e.g., Alege and Ogundipe, 2015;Dash and Parida, 2013;El Khoury and Savvides, 2006;Gabrielle, 2004;2006;Hoekman and Mattoo, 2008;Lorde et al 2011;Thomas, 2019), we expect export product diversification to promote economic growth in the context of higher growth of services exports. Table 2 reports the estimations' outcomes that allow investigating how services export diversification influences economic growth when countries further open-up to international trade.…”

Section: Wherementioning

confidence: 78%

“…The few existing studies on the effect of trade in services on economic growth have reported a positive effect on economic growth[3] on services exports (e.g., Alege and Ogundipe, 2015;Dash and Parida, 2013;El Khoury and Savvides, 2006;Gabrielle, 2004;2006;Hoekman and Mattoo, 2008;Lorde et al 2011;Thomas, 2019). Other studies on the relationship between services exports and economic growth have rather looked at the effect of services export sophistication on economic growth (Anand et al, 2012;Mishra et al, 2011;Stojkoski et al, 2016).…”

Section: Introductionmentioning

confidence: 99%

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Services Export Diversification and Economic Growth

Gnangnon

2020

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The present article investigates the effect of services export diversification on economic growth by relying on a sample of 131 countries over the period 1985-2014. The empirical results, based on the two-step system Generalized Methods of Moments (GMM), has suggested that services export diversification enhances economic growth in developing countries, whereas in High Income Countries (HICs), services export specialization promotes economic growth. Furthermore, services export diversification enhances economic growth as countries experience a rise in their services exports growth, with the magnitude of this positive effect increasing as the growth rate of services exports rises. Finally, services export diversification tends to be positively associated with economic growth, but as countries enjoy greater trade openness, they tend to enhance their services export specialization so as to enjoy higher economic growth. Interestingly, it is services export specialization that promotes economic growth as countries better integrate into the international trade market. One key message conveyed by the analysis is the importance of services export diversification (or concentration) for economic growth, including when countries further open up to international trade.

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Section: Wherementioning

confidence: 78%

Section: Introductionmentioning

confidence: 99%

Services Export Diversification and Economic Growth

Gnangnon

2020

Preprint

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“…It is worthy of noting such macro-level analysis here. Gabriele (2006), examining the association between SEXP and economic growth in 114 countries found a positive association between the two variables in developing countries. Another significant finding was that the relationship is weaker in developing countries compared to developed countries.…”

Section: Literature Reviewmentioning

confidence: 99%

“…Dash and Parida (2012) analyzed the impact of both exports and imports of services in Indian economic growth. Compared to the Gabriele (2006), this study focused on a single country, however, analyzed quarterly time series data (Q1:1996/97 to Q1:2010/11) applying time series technique such as ARDL, VECM, Granger causality and impulse response analysis. This study prevented the endogeneity problem by defining the GDP net of exports and examined the effect of services exports on non-exports GDP.…”

Section: Literature Reviewmentioning

confidence: 99%

Services Exports and Economic Growth in Sri Lanka: An Anatomy of GDP Components

Priyankara¹

2018

(GJEB)

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This study examines the causality relationship not only between services exports and overall GDP but also between services exports and GDP components, using annual time series data of Sri Lanka from 1981 to 2013. The results show that (1) export-led growth hypothesis holds for services exports of Sri Lanka, and (2) there exist unidirectional causality from services exports to household consumption, feedback effect of services exports on the gross capital formation and unidirectional causality from government expenditure to services exports. The causality channel of services exports causing economic growth via gross capital formation is empirically supporting current economic growth theory. Therefore, a successful and sustained economic growth for Sri Lanka needs more allocation of earning from services exports towards the gross capital formation.

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“…Beckerman and Vernon's ideas, arguing that the initial growth spurt favored by export expansion through the efficiency and allocation effects reverberates in enhanced international competitiveness, fostering a new round of export expansion and paving the way for a virtuous development path (Gabriele, 2006).…”

Section: Introductionmentioning

confidence: 99%