Export and Economic Growth in the Case of the Manufacturing Industry: Panel Data Analysis of Developing Countries

Emine Kilavuz and Bet l ALTAY Topcu
Additional contact information
Emine Kilavuz: Erciyes University, Faculty of Economics and Administrative Sciences, Kayseri, Turkey.
Bet l ALTAY Topcu: Erciyes University, Kayseri Vocational School, Kayseri, Turkey

International Journal of Economics and Financial Issues, 2012, vol. 2, issue 2, 201-215

Abstract: The correlation between growth in export and economic growth, which is called Export-led Growth Hypothesis in the literature, is still a current issue in both the theoretical and empirical literature. In the present study, the effect of different classifications of export and import on economic growth in 22 developing countries in the 1998 2006 period was tested based on two models, via panel data analysis. According to the results of the first model, the analysis of which included variables such as high and low-tech manufacturing industry exports, investment and population, it was found that only two variables, high-tech manufacturing industry export and investment, have a positive and significant effect on growth. In addition to the first model which included the analysis of all variables, the second model investigated the effect of high and low-tech manufacturing industry imports on growth. The findings revealed that only high-tech manufacturing industry export, investment and low-tech manufacturing industry import have a positive and significant effect on growth.

Keywords: High and Low-tech Manufacturing Industry Imports and Exports; Economic Growth; Export-led Growth Hypothesis; Developing Countries; Panel Data Analysis (search for similar items in EconPapers)
JEL-codes: F14 F43 (search for similar items in EconPapers)
Date: 2012
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (14)

Downloads: (external link)
http://www.econjournals.com/index.php/ijefi/article/download/175/pdf (application/pdf)
http://www.econjournals.com/index.php/ijefi/article/view/175/pdf (text/html)

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:eco:journ1:2012-02-8

Access Statistics for this article

International Journal of Economics and Financial Issues is currently edited by Ilhan Ozturk

More articles in International Journal of Economics and Financial Issues from Econjournals
Bibliographic data for series maintained by Ilhan Ozturk ().