EconPapers    
Economics at your fingertips  
 

Export‐led growth and its determinants: Evidence from Central and Eastern European countries

Jan Hagemejer and Jakub Mućk

The World Economy, 2019, vol. 42, issue 7, 1994-2025

Abstract: In this study, we assess the importance of exports and global value chain (GVC) participation for economic growth. Using novel methods and an extensive data set, we decompose GDP growth in the Central and Eastern European countries (CEECs) to show that in a large part of the period of transition and integration with the EU, exports have played a predominant role in shaping economic growth. We also show that exports have been the major factor driving the convergence of the CEECs with their advanced counterparts. We employ panel methods to analyse the determinants of growth of exported value added and show that the major growth drivers in the analysed period of 1995–2014 are GVC participation, imports of technology and capital deepening.Jel classificationC23, F21, O33

Date: 2019
References: Add references at CitEc
Citations: View citations in EconPapers (18)

Downloads: (external link)
https://doi.org/10.1111/twec.12790

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:bla:worlde:v:42:y:2019:i:7:p:1994-2025

Ordering information: This journal article can be ordered from
http://www.blackwell ... bs.asp?ref=0378-5920

Access Statistics for this article

The World Economy is currently edited by David Greenaway

More articles in The World Economy from Wiley Blackwell
Bibliographic data for series maintained by Wiley Content Delivery ().

 
Page updated 2025-03-31
Handle: RePEc:bla:worlde:v:42:y:2019:i:7:p:1994-2025