Munich Personal RePEc Archive

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

Galimberti, Jaqueson K. (2009): Conditioned Export-Led Growth Hypothesis: A Panel Threshold Regressions Approach.

[img]
Preview
PDF
MPRA_paper_13417.pdf

Download (311kB) | Preview

Abstract

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.

Logo of the University Library LMU Munich
MPRA is a RePEc service hosted by
the University Library LMU Munich in Germany.