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Manufacturing Exports, Mining Exports and Growth: Cointegration and Causality Analysis for Chile (1960 - 2001)

Boriss Siliverstovs and Dierk Herzer

No 497, Discussion Papers of DIW Berlin from DIW Berlin, German Institute for Economic Research

Abstract: This study examines the export-led growth hypothesis using annual time series data from Chile in a production function framework. It addresses the problem of specification bias under which previous studies have suffered and focuses on the impact of manufactured and mining exports on productivity growth. In order to investigate if and how manufactured and mining exports affect economic growth via increases in productivity, the study uses Johansen cointegration technique. The estimation results can be interpreted as evidence of productivity-enhancing effects of manufactured exports and of productivity-limiting effects of mining exports.

Keywords: Export-led growth; Chile; Cointegration (search for similar items in EconPapers)
JEL-codes: O47 F43 C32 (search for similar items in EconPapers)
Date: 2005
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Related works:
Journal Article: Manufacturing exports, mining exports and growth: cointegration and causality analysis for Chile (1960-2001) (2007) Downloads
Working Paper: Manufacturing exports, mining exports and growth: cointegration and causality analysis for Chile (1960-2001) (2005) Downloads
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