Was It Investment or Exports That Led Economic Growth? 13 Developing Country Experiences

Masanori Amano

Chapter 9 in Money, Capital Formation and Economic Growth, 2013, pp 157-173 from Palgrave Macmillan

Abstract: Abstract In a paper which dealt with the strength of various explanatory variables in cross-country growth regressions, Levine and Renelt (1992) found the (domestic) investment-output ratio to be the most robust variable in explaining the growth of per capita output of developed and developing countries. They also found that the trade amount-output ratio usually affects the investment-output ratio. Combining these two points suggests that the next task would be to examine which is the more forceful variable, between investment and exports, in causing country’s per capita output to grow faster.

Keywords: Unit Root; Capita Income; Capital Formation; Granger Causality Test; Lagrange Multiplier Test (search for similar items in EconPapers)
Date: 2013
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

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:pal:palchp:978-1-137-28183-8_9

Ordering information: This item can be ordered from
http://www.palgrave.com/9781137281838

DOI: 10.1057/9781137281838_9

Access Statistics for this chapter

More chapters in Palgrave Macmillan Books from Palgrave Macmillan
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().