What You Export Matters: Does It Really?

Grančay, Martin; Grančay, Nóra; Dudáš, Tomáš

doi:10.5709/ce.1897-9254.169

Cited by 29 publications

(18 citation statements)

References 19 publications

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“…Countries with strong institutions are expected to reduce or maintain corruption at a tolerable level to attract investors. The "grease the wheels" hypothesis is more prominent in the early economics literature, with much emphasis on the effects of corruption on efficiency (e.g., Leff, 1964;Leys, 1965;Huntington, 1968). The "grease the wheels" hypothesis suggests that an inefficient bureaucracy creates a major impediment to economic activity, so some ''grease" money may be needed to circumvent this impediment.…”

Section: Literature Reviewmentioning

confidence: 99%

Tolerable Level of Corruption for Foreign Direct Investment in Africa

Abotsi¹,

Iyavarakul²

2015

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Section: Literature Reviewmentioning

confidence: 99%

Tolerable Level of Corruption for Foreign Direct Investment in Africa

Abotsi¹,

Iyavarakul²

2015

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“…Relevant studies argue that the growth effect of export specialization may vary depending on the prices of primary exports. If the prices of these exports remain stable, countries producing more sophisticated exports would achieve higher growth (Grancay, Grancay, and Dudas, 2015). Moreover, the product quality would affect economic growth.…”

Section: Literature Reviewmentioning

confidence: 99%

“…Dependence on raw material exports would help boost growth if these exports would remain in high demand (Naude, Bosker, and Matthee, 2010). The rising prices of these exports have made them to be one of the main growth determinants in developing countries for decades (Grancay, Grancay, and Dudas, 2015). On the contrary, previous studies argue that raw material exports have no impact on growth in the long run.…”

Section: Estimation Modelmentioning

confidence: 99%

“…The labor productivity would increase as jobs have become more skillful in adopting the latest technologies. Hence, population growth has a positive effect on economic growth because of more efficient production processes (Grancay, Grancay, and Dudas, 2015). A more educated labor force and high population growth both have strong positive effects on growth (Naude, Bosker, and Matthee, 2010).…”

Section: Estimation Modelmentioning

confidence: 99%

“…As some of these countries achieved middle-income status, they further diversified their export types to expand their export markets. While they allocated more resources to develop high-technology manufactured exports at the later stage of development, they also continued their raw material exports to earn stable amounts of export revenues, especially during the crisis period (Grancay, Grancay, and Dudas, 2015). To sustain high economic growth in the long run, the CEE countries would need to develop more effective export composition policies to boost their export competitiveness.…”

Section: Introductionmentioning

confidence: 99%

See 2 more Smart Citations

Have export compositions influenced economic growth of the European Union countries in Central and Eastern Europe?

Tang¹

2020

EurJ Appl Econ

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This study analyzes export composition effects on economic growth in the European Union (EU) countries of Central and Eastern Europe (CEE) during 1999-2016. The results confirm that the fuel and food exports have boosted growth after EU accession. As expected, agricultural exports have no effect on growth. Due to the different comparative advantages, the CEE countries have still relied on some raw material exports while developing manufactured exports. The results also indicate that the transportation equipment, textile, steel, and chemical exports have accelerated growth. This can be attributed to the economies of scale in production, given their greater access to EU markets.

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The determinants of export sophistication: Does digitalization matter?

Atasoy

2020

Int. J Fin Econ

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Due to innovation, productivity surged and the structure of exports shifted towards sophisticated products in recent decades. In this study, I analyse the determinants of export sophistication with a special focus on the effects of digitalization for 61 countries by employing three measures of export sophistication. To my knowledge, this is the first study that investigates the nexus between digitalization and sophistication. It is found that exports get more sophisticated as digitalization promotes. In line with the literature, institutional quality, access to credit, and R&D are concluded to be other drivers of export sophistication. However, the evidence on tertiary enrolment and FDIs is mixed. Finally, the level of democracy seems to have a limited effect on sophistication indicating countries that have an autocratic rule also have a chance to sophisticate their exports. In the light of these findings, governments are advised to improve property rights, rule of law, the ease of doing business, access to credit, tertiary enrolment, and R&D expenditures to sophisticate their export baskets.

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What You Export Matters: Does It Really?

Cited by 29 publications

References 19 publications

Tolerable Level of Corruption for Foreign Direct Investment in Africa

Tolerable Level of Corruption for Foreign Direct Investment in Africa

Have export compositions influenced economic growth of the European Union countries in Central and Eastern Europe?

The determinants of export sophistication: Does digitalization matter?

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