Export composition and economic growth in the Andean Community of Nations

Silvia Reyes and Sergio Jiménez

Lecturas de Economía, 2012, issue 77, 53-90

Abstract: This paper analyzes the relation between export composition and economic growth. Based on the structure developed by Feder (1983) and Crespo-Cuaresma and Wörz (2005), we develop a panel data model involving Bolivia, Colombia, Ecuador, Peru and Venezuela, member countries of the Andean Community (except Venezuela since 2011), during 1970-2009. The analysis was made for the countries both jointly and individually using the SURE method, then focusing on the degree of disaggregation of exports, and finally grouping exports according to the level of technological intensity. The results suggest that the influence of the export structure is different across countries and is divided between different types of exports; but the majority of the exports that affect positively and significantly economic growth in the Andean Community countries correspond to the manufacturing industry and high technology, and they do so via externality effect

Keywords: Economic growth; panel data; SURE estimation; export composition; Andean Community (search for similar items in EconPapers)
JEL-codes: C23 F14 O47 O54 (search for similar items in EconPapers)
Date: 2012
References: Add references at CitEc
Citations:

Downloads: (external link)
https://revistas.udea.edu.co/index.php/lecturasdeeconomia/issue/view/1332 (application/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:lde:journl:y:2012:i:77:p:53-90

Ordering information: This journal article can be ordered from
Lecturas de Economía, Departamento de Economía, Calle 67, 53-108, Medellin 050010, Colombia.

Access Statistics for this article

Lecturas de Economía is currently edited by Carlos Andrés Vasco Correa

More articles in Lecturas de Economía from Universidad de Antioquia, Departamento de Economía Contact information at EDIRC.
Bibliographic data for series maintained by Carlos Andrés Vasco Correa ().