On Export Composition and Growth

Cuaresma, Jesús Crespo; Wörz, Julia

doi:10.1007/s10290-005-0014-z

Cited by 83 publications

(26 citation statements)

References 22 publications

(28 reference statements)

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“…We add three other groups of studies to this classification. First, some recent studies have emerged concerning the importance of the composition of exports, as Fosu (1990), Funke and Ruhwedel (2001), Crespo-Cuaresma and Wörz (2005), and Herzer et al (2006), between others. Second, another group of studies have applied recent techniques of causality for panel data, as Ahumada and Sanguinetti (1995), and Kónya (2006).…”

Section: Introductionmentioning

confidence: 99%

Conditioned Export-Led Growth Hypothesis: A Panel Threshold Regressions Approach

Seabra

Galimberti

2012

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This paper proposes a reassessment of the export-led growth hypothesis focusing on conditioning effects from countries initial level of GDP per worker, human capital stock, and exports share in GDP. For this purpose a panel threshold regression technique was applied over selected cross-country panel data, covering a broad sample of 72 countries and two sub-samples over the period from 1974 to 2003. Special attention was given to the 5-years data averaging procedure, using panel unit root tests, and to the variables measures choice, where a sensitivity analysis is proposed. Overall, the evidence reported favors the export-led growth hypothesis, where the relationship between exports and growth was showed to be not as trivial as linear specifications would indicate.

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Section: Introductionmentioning

confidence: 99%

Conditioned Export-Led Growth Hypothesis: A Panel Threshold Regressions Approach

Seabra

Galimberti

2012

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“…Thus, in the core of the theoretical reflection, the question is not does trade cause growth [27], but when does trade promote growth [12]. In this context, more and more studies based on this vision led to the conclusion that export diversification and their composition could have a much more consistent impact on economic growth than the magnitude of export flows per se [12,[28][29][30][31][32][33][34]. In other words, what countries export can count more in the equation of economic growth than the level of their export.…”

Section: Theoretical Backgroundmentioning

confidence: 99%

Sustainable Economic Growth Based on R&D Amplification and Technological Content of Exports. Evidences from Romania and The V4 Economies

et al. 2020

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A vast body of literature recognizes the importance of exports as a driver of economic growth. The increasing share of more sophisticated exports gave birth to the idea that the composition of exports, and not just exports per se, could be crucial for economic dynamics. The aim of this paper was to estimate the relative importance of exports with different technological content on economic growth in Romania and V4 economies, considering R&D (Research and Development) expenditure as a predictor of the pattern of these exports. We used a panel analysis on a data set covering the period of 1995-2017 for Romania and V4 economies. The overall results outline significant differences among selected countries in terms of how the composition of exports influenced economic growth in selected countries. In addition, significant differences were found among selected countries in how R&D expenditure influenced the composition of exports. This paper has clearly shown that the composition of exports has different effects on economic growth in selected countries, mostly explainable by country-specific factors. At the same time, the R&D activity, as the main input in the innovation process, can determine the pattern of the structure of exports. The conclusions of such research could become useful tools in shaping macroeconomic policies focused on sustained growth and long-term economic development, especially in countries concerned about improving their status in the global value chain.

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“…The influence of the export characteristics on the performance and the evolution of regional economies by their economic growth rates has been broadly discussed in the literature as export specialization (or differentiation) and sophistication are considered important determinants of regional growth as well as of regional resilience to recessions (Fingleton, Garretsen, & Martin, 2012). More analytically, there is a vast literature that shows that export specialization is related to higher growth rates in country level especially in the case of export goods with higher productivity levels (Hausmann, Hwang, & Rodrik, 2007), with high demand (Alexander & Warwick, 2007) or of goods in high-tech sectors (Crespo Cuaresma & Wörz, 2005;Dalum, Laursen, & Verspagen, 1999;Freenstra & Kee, 2008;Herzer & Nowak-Lehnmann, 2006). Similar conclusions about a positive relation of specialization and economic growth are provided by the literature in regional level (Naudé, Bosker, & Matthee, 2010).…”

Section: Literature Reviewmentioning

confidence: 99%

Adjustment mechanisms of Greek regions in export activity during the economic crisis of 2008–2012

Tsiapa

2019

Papers in Regional Science

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Under the deep and protracted recession that plagues the Greek regions, exports have shown some positive signs of resilience. This paper explores through a spatial econometric analysis of SUR models, first, the changes that occurred in exports by the (NUTS 3 level) regions for the period 2008–2012 to offer resistance against the crisis and to stimulate growth, which entail expansion of export demand, improvement in the quality of agricultural products, deeper specialization in broad low‐technology sectors and simultaneous increases in the variety inside these sectors and second, the ability of exports to transfer their growth gains to the broader economy.

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On Export Composition and Growth

Abstract: Economic growth, exports, export composition, externalities,

Cited by 83 publications

References 22 publications

Conditioned Export-Led Growth Hypothesis: A Panel Threshold Regressions Approach

Conditioned Export-Led Growth Hypothesis: A Panel Threshold Regressions Approach

Sustainable Economic Growth Based on R&D Amplification and Technological Content of Exports. Evidences from Romania and The V4 Economies

Adjustment mechanisms of Greek regions in export activity during the economic crisis of 2008–2012

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