Exports to China and economic growth in Latin America, unequal effects within the region

García, Julio César Arteaga; Cardozo, Mónica Liseth; Diniz, Márcia Jucá Teixeira

doi:10.1016/j.inteco.2020.06.003

Cited by 16 publications

(12 citation statements)

References 28 publications

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“…In a recent study conducted in Latin America, Arteaga, Cardozo, and Diniz (2020) examine the effects of exports to China and the world, given a structural break. For the period 2002-2017, the results show that exports to China boost economic growth in South America but are detrimental to Mexico, Central America, and the Caribbean.…”

Section: Empirical Evidence From Developing Countriesmentioning

confidence: 99%

Export-led growth hypothesis: Empirical evidence from the Southern African Customs Union countries

Malefane¹

2021

EBER

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The objective of the article is to examine the export-led growth hypothesis in the Southern African Customs Union (SACU). Research Design & Methods:This study employs annual data on output, exports, imports, and a structural dummy variable for SACU countries, namely, South Africa, Botswana, Lesotho, Namibia, and eSwatini. The study applies the cointegration test based on the Johansen (1988) and the Johansen and Juselius (1990) approach, followed by the vector error correction model and the trivariate Granger causality analysis. Findings: All SACU countries, apart from Lesotho, have witnessed a significant positive relationship between exports and economic growth during the reviewed period. In the case of Lesotho, the study finds a negative relationship between exports and economic growth. Causality results confirm that the export-led growth hypothesis is valid in Namibia and South Africa, but not in eSwatini, Botswana, and Lesotho. Implications & Recommendations: Based on the overall findings, this study mainly recommends that policymakers in SACU countries should consider providing extensive support for the development of infrastructure and trade-related logistics. Contribution & Value Added: SACU countries rely on a narrow range of exports, which could affect their vulnerability to external shocks. This article provides empirical evidence on whether data from SACU countries is consistent with the export-led growth hypothesis. Article type:research article

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Section: Empirical Evidence From Developing Countriesmentioning

confidence: 99%

Export-led growth hypothesis: Empirical evidence from the Southern African Customs Union countries

Malefane¹

2021

EBER

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“…Prior research on exports-led growth includes countries that are developed (Awokuse 2006;Jin and Yu 1996;Kónya 2006;Shan and Sun 1999); newly industrialized Asian (Awokuse 2005;Dhawan and Biswal 1999;Ghatak et al 1997;Khalafalla and Webb 2001;Kwan et al 1999;Siliverstovs and Herzer 2006); central and eastern European (Hagemejer and Mućk 2019); South American (Siliverstovs and Herzer 2006;Arteaga et al 2020) including Mexico (Thornton 1996); African (Ahmad and Kwan 1991;Foster 2006); gulf (Al-Yousif 1997); and developing (Balassa 1978;Kavoussi 1984;Love and Chandra 2005;Vohra 2001). Thus, exports-led economic growth research is not only confined to developing economies but all countries.…”

Section: Literature Reviewmentioning

confidence: 99%

Exports and Imports-Led Growth: Evidence from a Small Developing Economy

Panta

Devkota

Banjade

2022

JRFM

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This paper examines equilibrium relationships and dynamic causality between economic growth, exports, and imports in Nepal using time-series data between 1965 and 2020. This research examines the impact of exports and imports on the economic growth of Nepal and documents empirical evidence in exports-led growth, imports-led growth, growth-led exports, and growth-led imports hypotheses in both the short and long run. The test results show no evidence favoring the exports-led growth and growth-led exports hypotheses in both the short and long run. However, the study finds evidence supporting the imports-led growth hypothesis in the short term and the growth-led imports hypothesis in the long term. Overall, this paper finds no evidence in favor of the notion that foreign trade supports the economic growth of Nepal in the long run. The research findings may have important implications for policymakers in Nepal. The paper contributes to trade and economic growth literature by investigating the relationship between exports, imports, capital, and gross domestic products in a small economy such as Nepal, where exports make a minimal and imports make an extensive contribution to gross domestic products by using cointegration and the vector error correction model.

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“…Since China's accession to the World Trade Organization (WTO) at the beginning of 21st century (Arteaga et al , 2020), it has expanded rapidly to be the secondary largest economy and the largest emerging economy at a global scale (Huang and Huang, 2020; Mallick et al , 2020). At the same time, its construction industry has attained unprecedented growth.…”

Section: Introductionmentioning

confidence: 99%

Total factor productivity growth and its decomposition in the Chinese construction industry since China's accession to the World Trade Organization

Wang

Zheng

et al. 2021

ECAM

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PurposeSince China's accession of the World Trade Organization (WTO), its construction industry has attained unprecedented growth. However, for the sources of this enormous growth, a controversy regarding the total factor productivity growth (TFPG) still remains in production practice and extant studies. In view of this, the purpose of this paper is to measure TFPG and to explore its sources in the industry post-WTO accession.Design/methodology/approachThis study presents an innovative source analysis of TFPG. Stochastic frontier approach is adopted to measure TFPG and to explore its sources by decomposing TFPG into technical progress (TP), technical efficiency change (TEC), allocative efficiency change (AEC) and scale efficiency change (SEC). Although China joined WTO in 2001, to provide an effective baseline, the study period is from 2000 to 2017.FindingsThe empirical results reveal that TFPG presented an overall downward evolutionary trend, but it still maintained a high growth post-WTO accession. From the perspective of decomposition, TP was the main source of TFPG. Furthermore, as a neglected source, interaction effects among TP, TEC, AEC and SEC have been demonstrated to have a significant influence on the cumulative TFPG.Practical implicationsTo make the results be reliable, the authors discuss the empirical findings mainly by revealing the reasons behind the evolutions of TFPG and its sources. Based on these revealed reasons, government and policy makers can further refine and summarize some more detailed and targeted policy implications to improve TFPG.Originality/valueBy providing many empirical evidences to solve the aforesaid TFPG controversy, this paper, therefore, enriches the body of knowledge on growth theories, especially at the level of industrial economics.

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Exports to China and economic growth in Latin America, unequal effects within the region

Cited by 16 publications

References 28 publications

Export-led growth hypothesis: Empirical evidence from the Southern African Customs Union countries

Export-led growth hypothesis: Empirical evidence from the Southern African Customs Union countries

Exports and Imports-Led Growth: Evidence from a Small Developing Economy

Total factor productivity growth and its decomposition in the Chinese construction industry since China's accession to the World Trade Organization

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