The effect of export composition on economic growth: the case of Korea

Sae Ran Koh and Jai S. Mah ()

Journal of Developing Areas, 2013, vol. 47, issue 1, 171-179

Abstract: This article investigates the causal relationship between export composition and economic growth, among others, in the case of a strongly outward-oriented country, i.e. Korea. The cointegration tests show that cointegrating vectors exist among the concerned variables. Also, the error correction model indicates that there is a bidirectional causality between export composition and economic growth. That is, the increasing ratio of non-textile exports to textile exports has led to higher economic growth and vice versa. The empirical results remain qualitatively the same even when we include a measure of trade liberalization as one of the explanatory variables that may affect economic growth.

Keywords: export composition; economic growth; Korea (search for similar items in EconPapers)
JEL-codes: F43 O14 (search for similar items in EconPapers)
Date: 2013
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Citations: View citations in EconPapers (3)

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Persistent link: https://EconPapers.repec.org/RePEc:jda:journl:vol.47:year:2013:issue1:pp:171-179

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