STRUCTURAL CHANGE IN EXPORTS AND ECONOMIC GROWTH: COINTEGRATION AND CAUSALITY ANALYSIS FOR SPAIN (1961-2000)

Jacint Balaguer and Manuel Cantavella-Jordá
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Manuel Cantavella-Jordá: Universitat Jaume I

Working Papers. Serie EC from Instituto Valenciano de Investigaciones Económicas, S.A. (Ivie)

Abstract: In this paper the Spanish export-led growth hypothesis is re-examined from the trade liberalisation process initiated four decades ago. For this purpose it is taken under consideration both the export expansion and the progression from "traditional" exports to manufactured and semi-manufactured exports. A new evidence is reported for the above period. Alongside a feedback between aggregate exports and real output, it has been proved that the structural transformation in export composition has also become a key factor for Spain?s economic development. En este trabajo se estudia el sector exportador como motor del crecimiento económico español a partir del proceso de liberalización comercial iniciado hace cuatro décadas. Para este propósito se ha tenido en cuenta tanto la expansión de las exportaciones agregadas como el cambio en la estructura de las mismas. Los resultados indican que existe doble causalidad entre la expansión de las exportaciones y el crecimiento de la producción real y que, además, la transformación experimentada en la estructura exportadora hacia los sectores tecnológicos y manufactureros ha sido un factor clave en el desarrollo económico español de los últimos años.

Keywords: estructura exportadora; crecimiento económico; causalidad structural change in exports; economic growth; causality (search for similar items in EconPapers)
Pages: 14 pages
Date: 2002-09
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Citations: View citations in EconPapers (4)

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http://www.ivie.es/downloads/docs/wpasec/wpasec-2002-22.pdf Fisrt version / Primera version, 2002 (application/pdf)

Related works:
Journal Article: Structural change in exports and economic growth: cointegration and causality analysis for Spain (1961-2000) (2004)
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Persistent link: https://EconPapers.repec.org/RePEc:ivi:wpasec:2002-22

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