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Title: Export-total factor productivity growth nexus in East Asian economies
Authors: Liao, Hailin
Liu, Xiahui
Keywords: TFP
Exports
Bound tests
Lag-augmented VAR
East Asian economies
Issue Date: 2007
Publisher: © Loughborough University
Series/Report no.: Loughborough University. Department of Economics. Discussion Paper Series;WP 2007 - 23
Abstract: Despite increasing interest in the relationship between trade and macroeconomic performance in development economics, very limited studies have been conducted on the causal links between exports and productivity growth in Asian economies. This paper examines empirically the interplay between exports and productivity growth for eight East Asian economies in a multivariate framework by applying bound tests and modified Wald tests. The results indicate that causality is bi-directional in the case of Korea, Singapore and Taiwan, while unidirectional from productivity to exports for Mainland China, Hong Kong, Indonesia, Malaysia and the Philippines. These findings provide little support for the conventional export-led growth hypothesis.
Description: This is a working paper. It is also available at: http://ideas.repec.org/p/lbo/lbowps/2007_23.html
Version: Published
URI: https://dspace.lboro.ac.uk/2134/4206
ISSN: 1750-4171
Appears in Collections:Working Papers (Economics)

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