Export-led growth hypothesis: Evidence for Chile

Boriss Siliverstovs and Dierk Herzer

No 112, Ibero America Institute for Econ. Research (IAI) Discussion Papers from Ibero-America Institute for Economic Research

Abstract: This study examines the export-led growth hypothesis using annual time series data from Chile. It addresses the problem of specification bias under which previous studies have suffered and focuses on the impact of manufactured and primary exports on the economic growth. In order to investigate if and how manufactured and mining exports affect economic growth via increases in productivity, the study uses the Toda and Yamamoto (1995) procedure for testing for Granger non-causality in Vector Autoregressive models that involve variables that are integrated of an arbitrary order and that are possibly cointegrated. The estimation results support the export-led growth hypothesis for Chile and at the same time point out to the differentiated impact of manufactured and primary exports on the economic growth.

Keywords: Export-led growth; Chile; cointegration (search for similar items in EconPapers)
JEL-codes: C32 F43 O47 (search for similar items in EconPapers)
Pages: 9 pages
Date: 2005-07-14
New Economics Papers: this item is included in nep-dev
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Citations: View citations in EconPapers (7)

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Journal Article: Export-led growth hypothesis: evidence for Chile (2006)
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Persistent link: https://EconPapers.repec.org/RePEc:got:iaidps:112

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