Does Trade Increase Total Factor Productivity: Cointegration Evidence for Chile

Dierk Herzer

No 115, Ibero America Institute for Econ. Research (IAI) Discussion Papers from Ibero-America Institute for Economic Research

Abstract: In this study, we examine the long-run impact of capital goods imports, exports of manufactured and primary goods on total factor productivity in Chile. Using the integration and cointegration techniques of Kapetanios (2005), Pesaran, Shin, and Smith (2001), Stock (1987), and Saikkonen (1991) we find a long-run relationship between these variables. All in all, our estimation results provide evidence for the existence of productivity-enhancing effects of capital goods imports and manufactured exports and of productivity-limiting effects of primary exports.

Keywords: Trade; trade composition; productivity; cointegration (search for similar items in EconPapers)
JEL-codes: C22 F41 O47 (search for similar items in EconPapers)
Pages: 24 pages
Date: 2005-07-14
New Economics Papers: this item is included in nep-eff and nep-int
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Citations: View citations in EconPapers (2)

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Persistent link: https://EconPapers.repec.org/RePEc:got:iaidps:115

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