EconPapers    
Economics at your fingertips  
 

ON THE ROLE OF EXPORTS FOR ECONOMIC GROWTH AT A GLOBAL LEVEL THROUGH A LMM APPROACH

Ioan Popa (), Cristiana Tudor (), Mihaela Gabriela Belu and Dorel Paraschiv ()
Additional contact information
Cristiana Tudor: The Bucharest Academy of Economic Studies
Dorel Paraschiv: The Bucharest Academy of Economic Studies

ECONOMIC COMPUTATION AND ECONOMIC CYBERNETICS STUDIES AND RESEARCH, 2016, vol. 50, issue 4, 5-24

Abstract: At a theoretical level, exports benefit a country’seconomy through contributing to aggregate demand and through positive externalities such as knowledge spillovers and economies of scale. In this research, we take a global approach and investigate the impact of a country’s exports importance at a macroeconomic level for its economic growth through the Linear mixed-effects method(LMM). We include 186 countries in our analysis and find that generally there is statistically significant evidence that the level of aggregate exports affects economic growth, but this relationship is both time and country specific. Thus, although countries that employ policies to encourage exports experience higher economic growth, on average, this positive relationship is stronger in some countries than in others, and even absent or negative in some instances. For a more thorough analysis, we also identify the group of developed G7 countries and that of developing CEE economies and estimate the relationship in comparative perspective. Results confirm that the positive impact of exports on growth is generally higher for CEE countries, for which exports seem to be the main factor to exert a positive influence on growth as opposed to the developed G7 economies, which seem to depend more on investments for growth.

Keywords: Exports; economic growth; mixed model (search for similar items in EconPapers)
JEL-codes: C10 E60 F40 (search for similar items in EconPapers)
Date: 2016
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
ftp://www.eadr.ro/RePEc/cys/ecocyb_pdf/ecocyb4_2016p5-24.pdf

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:cys:ecocyb:v:50:y:2016:i:4:p:5-24

Access Statistics for this article

ECONOMIC COMPUTATION AND ECONOMIC CYBERNETICS STUDIES AND RESEARCH is currently edited by Gheorghe RUXANDA

More articles in ECONOMIC COMPUTATION AND ECONOMIC CYBERNETICS STUDIES AND RESEARCH from Faculty of Economic Cybernetics, Statistics and Informatics Contact information at EDIRC.
Bibliographic data for series maintained by Corina Saman ().

 
Page updated 2025-03-19
Handle: RePEc:cys:ecocyb:v:50:y:2016:i:4:p:5-24