Publication: Is there persistence in the growth of manufactured exports? evidence from newly industrializing countries
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KU Authors
Co-Authors
Mody, Ashoka
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Embargo Status
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Abstract
Applying cointegration techniques in a panel data setting, we document persistent growth of manufactured exports from certain developing countries. To complement the investigation of persistence (measured by the country 'fixed-effects'), we analyze asymmetries in income elasticities: for all developing countries, the decline in exports with world income contraction is sharper than is the rise on the upswing; the decline is, however, especially pronounced for countries with low or negative persistence. The results are consistent with long-term buyer-supplier relationships that create 'insiders' and 'outsiders' in manufactured goods trading. Exports are also influenced by the transactional infrastructure (proxied by telecommunications penetration).
Source
Publisher
Elsevier
Subject
Economics
Citation
Has Part
Source
Journal of Development Economics
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Edition
DOI
10.1016/S0304-3878(97)00018-7