Conditioned Export-Led Growth Hypothesis: A Panel Threshold Regressions Approach
Jaqueson Galimberti ()
MPRA Paper from University Library of Munich, Germany
This paper proposes a reassessment of the export-led growth hypothesis focusing on conditioning effects from countries initial level of GDP per worker, human capital stock, and exports share in GDP. For this purpose a panel threshold regression technique was applied over selected cross-country panel data, covering a broad sample of 72 countries and two sub-samples over the period from 1974 to 2003. Special attention was given to the 5-years data averaging procedure, using panel unit root tests, and to the variables measures choice, where a sensitivity analysis is proposed. Overall, the evidence reported favors the export-led growth hypothesis, where the relationship between exports and growth was showed to be not as trivial as linear specifications would indicate.
Keywords: Export-led growth; panel threshold regressions; trade and growth (search for similar items in EconPapers)
JEL-codes: O11 O50 O40 F43 (search for similar items in EconPapers)
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https://mpra.ub.uni-muenchen.de/13417/1/MPRA_paper_13417.pdf original version (application/pdf)
Working Paper: CONDITIONED EXPORT-LED GROWTHHYPOTHESIS: A PANEL THRESHOLD REGRESSIONS APPROACH (2011)
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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:13417
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