Galimberti, Jaqueson K. (2009): Conditioned Export-Led Growth Hypothesis: A Panel Threshold Regressions Approach.
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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.
|Item Type:||MPRA Paper|
|Original Title:||Conditioned Export-Led Growth Hypothesis: A Panel Threshold Regressions Approach|
|Keywords:||Export-led growth, panel threshold regressions, trade and growth|
|Subjects:||O - Economic Development, Technological Change, and Growth > O1 - Economic Development > O11 - Macroeconomic Analyses of Economic Development
O - Economic Development, Technological Change, and Growth > O5 - Economywide Country Studies > O50 - General
O - Economic Development, Technological Change, and Growth > O4 - Economic Growth and Aggregate Productivity > O40 - General
F - International Economics > F4 - Macroeconomic Aspects of International Trade and Finance > F43 - Economic Growth of Open Economies
|Depositing User:||Jaqueson Kingeski Galimberti|
|Date Deposited:||15. Feb 2009 08:48|
|Last Modified:||12. Feb 2013 14:05|
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