Is there persistence in the growth of manufactured exports? Evidence from newly industrializing countries

Mody, Ashoka

doi:10.1016/s0304-3878(97)00018-7

Cited by 12 publications

(3 citation statements)

References 15 publications

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“…In other words, having committed to exports they persist in doing so till conditions change to an extent that the option value of staying exporters falls significantly inducing a shift away from exports. In Egan and Mody (1992) and Mody and Yilmaz (1997a) persistence is seen to arise from long-term relationships with international buyers. These buyers invest in developing country exporters by providing continuing technical and marketing information.…”

Section: The Limits Of Trade Policymentioning

confidence: 99%

Industrial Policy after the East Asian Crisis: From Outward Orientation to New Internal Capabilities?

Mody

1999

Policy Research Working Papers

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The Policy Research Working Paper Series disseminates the findings of work in progress to encourage the exchange of ideas about developmnent issues. An objective of the series is to get the findinigs out quickly, even if the presentations are less than fully polished. The papers carry the namnes of the authors and should be cited accordinzgly. The finzdings, interpretations, and conclusions expressed in this paper are entirely those of the authors. 'They do not necessarily represent the view of the World Bank, its Executive Directors, or the countries they represent.

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Section: The Limits Of Trade Policymentioning

confidence: 99%

Industrial Policy after the East Asian Crisis: From Outward Orientation to New Internal Capabilities?

Mody

1999

Policy Research Working Papers

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“…Here, the income and price elasticities of export demand are estimated from export demand functions (Riedel and Athukorala, 1995;Mody and Yilmaz, 1997;Senhadji and Montenegro, 1998), from partial equilibrium models of export demand and supply (Muscatelli, 1995;Madsen, 1999;Catão and Falcetti, 1999) and from demand side parts of a general equilibrium model (see Reinhart, 1995). In contrast to those approaches relying on partial equilibrium models,…”

Section: Introductionmentioning

confidence: 99%

Simultaneous estimation of income and price elasticities of export demand, scale economies and total factor productivity growth for Brazil

Mutz

Ziesemer²

2008

Applied Economics

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This paper focuses on a model in which low (high) export demand elasticities and the fact that developing countries are importers of capital goods help explaining the slow (high) growth of these countries. The question arises whether export demand elasticities are low or high. For answering this question, export demand elasticities for the case of Brazil are estimated using a growth model. As a by-product of estimating the model, we obtain estimates for total-factor productivity growth and for scale economies. Based on the results from estimation we calculate steady-state growth rates, engine and handmaiden effects of growth as well as dynamic steady-state gains from trade. The model and the results are discussed in regard to several strands of literature.

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“…3. Other mechanisms for knowledge transmission can also be important, including the provision of technical and marketing support by foreign buyers of exported goods in the context of long-term relationships (Westphal, Rhee, and Pursell 1981, Egan and Mody 1992, Mody and Yilmaz 1997.…”

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confidence: 99%

Imported Machinery for Export Competitiveness

Mody¹

2002

The World Bank Economic Review

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This article analyzes the relationship between export competitiveness and investment in machinery, allowing for imperfect substitution between domestically produced and imported machinery. A translog export price function is estimated for developed, exportoriented developing, and import-substituting developing economies in a panel data setting. Between 1967 and 1990 imported machinery helped lower export prices for export-oriented developing economies. Moreover, throughout the period imported machinery was not a substitute for domestic machinery. Import-substituting developing economies were unable to harness imported machinery to reduce costs early in the period, but from about the early 1980s, with the opening of their trade regimes, they were able to benefit from the cost-reducing effect. The results imply that innovative effort based on imported technologies can be a precursor to the development of domestic innovation capabilities. In this article we build on two recent lines of research: investment in equipment as a source of economic growth and imported goods as conduits for the international diffusion of technology. We combine these two themes to assess the effectiveness of imported machinery in increasing export competitiveness and thus in stimulating growth. 1 Underlining the importance of machinery in the development process, De Long and Summers (1991, 1992a, 1992b, 1993) find strong empirical support for a causal relationship between equipment investment and economic growth in a cross-section of developing and developed countries. In particular, they find that a 1% increase in the share of equipment investment in gross domestic product

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Is there persistence in the growth of manufactured exports? Evidence from newly industrializing countries

Cited by 12 publications

References 15 publications

Industrial Policy after the East Asian Crisis: From Outward Orientation to New Internal Capabilities?

Industrial Policy after the East Asian Crisis: From Outward Orientation to New Internal Capabilities?

Simultaneous estimation of income and price elasticities of export demand, scale economies and total factor productivity growth for Brazil

Imported Machinery for Export Competitiveness

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