期刊
ECONOMIC CHANGE AND RESTRUCTURING
卷 54, 期 4, 页码 919-941出版社
SPRINGER
DOI: 10.1007/s10644-020-09291-8
关键词
Economic growth; Export composition; Export diversification; Import composition; Developing countries
类别
By examining the trade-economic growth nexus in developing countries and evaluating the role of export composition, export diversification, and import composition, this study found that the domestic content of exports, the share of high-tech imports, and capital goods imports are positively associated with economic growth. Developing countries may benefit from high-tech and capital goods imports, as well as the development of industrial policies to boost domestic production for the exporting sector.
We investigate the trade-economic growth nexus in developing countries considering the structure of the external sector. The economic literature has examined the effects on growth of export composition, export diversification and import composition, individually. We add to this discussion by jointly evaluating the role of these three factors in the trade-economic growth nexus. The assessment of the structure of the external sector allows identifying the features that improve the trade-economic growth nexus with relevant economic policy implications for developing countries. Using a sample of 19 developing countries and dynamic panel data models, we found that export composition and export diversification are insignificant. By contrast, the domestic content of exports, the share of high-tech imports and capital goods imports are positively associated with economic growth. Consequently, developing countries growth benefits from high-tech and capital goods imports, and potentially, from the development of an industrial policy able to boost the domestic production of inputs for the exporting sector.
作者
我是这篇论文的作者
点击您的名字以认领此论文并将其添加到您的个人资料中。
推荐
暂无数据