Export Growth, Economic Growth, and Development Levels: An Empirical Analysis

Abstract

The export-promotion development strategy has been advocated as a generally valid prescription for economic growth on the basis of econometric studies of the exports-growth relationships. A prominent shortcoming of these studies is in the presupposition, intrinsic to them, that exports-growth relationships hold similarly fn-all developing countries. This paper tests the hypothesis that the exports-growth relationships vary with the developing countries' level of development. M y results indicate that high export growth is most beneficial to developing countries at intermediate stages of their development cycle, and consequently suggest that the export-promotion development strategy is especially appropriate only for these countries.

A Gravity Model with Variable Coefficients: The EEC Trade with Third Countries

“…Our results show that an increased GNP per capita in poor non-EEC countries will cause the EEC exports to these countries to increase at an increasing rate, while a rising GNP per capita in rich non-EEC countries will cause the EEC exports to these countries to increase at a decreasing rate. These results are consistent with those obtained by Poon (1994) who found that for middle-income countries a unit growth in exports translates into a greater increment in GNP growth than it is the case for richer and for poorer countries.…”

“…To this effect, a variable-coefficients model is constructed using the expansion method (Casetti 1972(Casetti , 1986Krakover 1985;Hansen and Kristensen 1991;Kristensen 1991;Tkocz and Kristensen 1994; Kristensen and along similar lines and that the process of development will not alter t K eir assumption of identical utility and production P unctions across countries en-Tkocz 1994). Recently an international trade model generated by expansions was discussed by Poon (1994). The expansion method terminology used in this paper is based on the work by Casetti. Using the expansion method, the two "initial" fixed-coefficients models due to Poyhonen and Linnemann are combined into a single variable-coefficients "terminal" model, by respecifying the coefficients of each initial model into functions of the other model's variables.…”

Evaluation of Determinants of Economic Development: Economic Factors

“…Dış ticaret ile ekonomik kalkınma arasındaki ilişkiyi araştıran birçok çalışma literatürde mevcuttur (Bkz. Poon (1994) İhracat ile ekonomik kalkınma arasındaki ilişkiyi inceleyen Poon (1994), regresyon analizini kullanarak 49 gelişmekte olan ülkede 1960-70 ve 1970-80 döneminde ihracat-büyüme ilişkileri ile kalkınma düzeyi ilişkisini incelemiştir. Yapmış olduğu çalışma sonucunda, yüksek ihracat artışının gelişmekte olan ülkeler için gelişim döngüsünün orta aşamalarında en faydalı olduğunu tespit etmiştir.…”

“…(2012);Doru & Ersungur (2014)). Yapılan çalışmalarda genellikle dış ticaret ile ekonomik kalkınma arasında bir ilişki olduğu yönündedir (Bkz Poon (1994)Sharma & Bhand (2005); Sakyi vd.…”