The sustainability of export-led growth:the Singaporean experience

Renuka Mahadevan

Journal of Developing Areas, 2009, vol. 43, issue 1, 233-247

Abstract: This paper revisits the highly debated export-led growth hypothesis in a number of different ways using Singapore as a case study. First, the hypothesis is tested in terms of labor and total factor productivity growth and this provides a means of transmission via which exports can affect or be affected by GDP growth. Considering the impact of imports on GDP growth and productivity growth serve a similar purpose. The robustness of the relationships is checked using two different models given by a multivariate error correction model and the Toda and Yamamoto (1995) causality tests. These results have major implications and are necessary to reassess the effectiveness of trade policy as a strategy for economic development.

Keywords: Export-led growth; causality; productivity growth (search for similar items in EconPapers)
JEL-codes: C13 F14 O53 (search for similar items in EconPapers)
Date: 2009
References: Add references at CitEc
Citations: View citations in EconPapers (4)

Downloads: (external link)
http://muse.jhu.edu/journals/journal_of_developing ... /43.1.mahadevan.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:jda:journl:vol.43:year:2009:issue1:pp:233-247

Access Statistics for this article

More articles in Journal of Developing Areas from Tennessee State University, College of Business Contact information at EDIRC.
Bibliographic data for series maintained by Abu N.M. Wahid ().