Structural change in exports and economic growth: cointegration and causality analysis for Spain (1961–2000)

Balaguer, Jacint; Cantavella-Jordá, Manuel

doi:10.1080/00036840410001682179

Cited by 55 publications

(29 citation statements)

References 16 publications

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“…Balaguer and Cantavella-Jorda (2004) examined the export-led growth hypothesis for Spain. They found that there is bidirectional causality between exports and output.…”

Section: Literature Reviewmentioning

confidence: 99%

Export, Import and Economic Growth: The Case of Transition Economies

Çetintaş

Barışık

2008

Transit Stud Rev

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“…Balaguer and Cantavella-Jorda (2004) examined the export-led growth hypothesis for Spain. They found that there is bidirectional causality between exports and output.…”

Section: Literature Reviewmentioning

confidence: 99%

Export, Import and Economic Growth: The Case of Transition Economies

Çetintaş

Barışık

2008

Transit Stud Rev

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“…A substantial empirical literature reports evidence consistent with the ELG hypothesis, including: Mickaely (1977), Balassa (1978Balassa ( , 1985, Tyler (1981), Feder (1982, Ram (1987), Chow (1987) Giles et al (1992), Thornton (1996), Doyle (1998), Xu (1996, Erfani (1999), Balaguer (2004), Shirazi (2004), Jordaan and Eita (2007) and Saad (2012). In the context of South Africa, Rangasamy (2009) used an error correction model (ECM) and found unidirectional Granger-causality from exports to GDP.…”

Section: Introductionmentioning

confidence: 99%

Causality between Exports and Economic Growth in South Africa: Evidence from Linear and Nonlinear Tests

Ajmi¹,

Aye²,

Balcılar³

et al. 2015

jda

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This paper investigates the dynamic causal link between exports and economic growth using both linear and nonlinear Granger causality tests. We use annual South African data on real exports and real gross domestic product from 1911-2011. The linear Granger causality result shows no evidence of significant causality between exports and GDP. The relevant VAR is unstable, which undermines our confidence in the causality result identified by the linear Granger causality test. Accordingly we turn to the nonlinear methods to evaluate Granger causality between exports and GDP. First, we use Hiemstra and Jones (1994) nonlinear Granger causality test and find a unidirectional causality from GDP to exports. However, using a more powerful and less biased nonlinear test, the Diks and Panchenko (2006) test, we find evidence of significant bi-directional causality. These results highlight the risk of misleading conclusions based on the standard linear Granger causality tests which neither accounts for structural breaks nor uncover nonlinearities in the dynamic relationship between exports and GDP.JEL Classifications: C14, C32, F43, O40

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“…In the case of Costa Rica, shifting from exporting primary commodities to more manufacturing/high-technology goods was found to increase the income-elasticity of its exports. Finally, Balaguer and Cantavella-Jordá (2004) demonstrated that in Spain, the structural transformation in export composition was a key factor for the nation's economic development. In addition, evidence was obtained on how the allocation of resources towards more industrialized export sectors had a positive impact on the economy.…”

Section: "Does Export Diversification Have Any Effect On Long-run Ecomentioning

confidence: 99%

From Coffee Beans to Microchips: Export Diversification and Economic Growth in Costa Rica

Ferreira

Harrison

2012

J. Agric. Appl. Econ.

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During the early 1980s Costa Rica experienced its worst economic crisis since World War II, which led to the abandonment of the import substitution model of development adopted in the 1960s. This severe economic downturn also spurred the implementation of a series of new policies supporting foreign investment in high-value-added industries and the diversification of the nation's exports. As a result, Costa Rica has diversified its economic activity, moved away from its historical dependence on agricultural exports, and gained new competitive advantages in the manufacturing sector. This study presents a straightforward generalization of the model proposed by Herzer and Nowak- Lehnmann's (2006) to test the hypothesis that export diversification has influenced economic growth in Costa Rica via externalities of learning-by-exporting and learning-by-doing. To examine whether a long-run relationship exists between export diversification and economic growth, two types of statistical methodologies are used: the bounds test to cointegration within a distributed lag (ARDL) framework and the dynamic OLS (DOLS). Overall results sufficiently conclude that, at least in the Granger's sense, there is no long-run causality between export diversification and economic growth in Costa Rica over the period of 1965 to 2006.

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Structural change in exports and economic growth: cointegration and causality analysis for Spain (1961–2000)

Cited by 55 publications

References 16 publications

Export, Import and Economic Growth: The Case of Transition Economies

Export, Import and Economic Growth: The Case of Transition Economies

Causality between Exports and Economic Growth in South Africa: Evidence from Linear and Nonlinear Tests

From Coffee Beans to Microchips: Export Diversification and Economic Growth in Costa Rica

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