IS EXPORT-LED INDUSTRIAL DEVELOPMENT A VIABLE POLICY? SOME EMPIRICAL EVIDENCE

This paper re-examines the time-series evidence on the relationship between exports and industrial development for eight newly-industrialized economies in light ofrecent breakthroughs in time-series analysis. Specifically, the investigation employs the time-series procedure of Toda and Yamamoto (199...
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Autor*in:	Sudesh Mujumdar [verfasserIn] Jeffrey Mills [verfasserIn] Peter Cordo [verfasserIn]

Format:	E-Artikel
Sprache:	Englisch

Erschienen:	2005

Schlagwörter:	industrial development export-led investigation export-expansion

Übergeordnetes Werk:	In: Global Business and Finance Review - People & Global Business Association (P&GBA), 2020, 10(2005), 1, Seite 14
Übergeordnetes Werk:	volume:10 ; year:2005 ; number:1 ; pages:14

Links:	Link aufrufen Link aufrufen Journal toc Journal toc

Katalog-ID:	DOAJ050844164

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author	Sudesh Mujumdar
spellingShingle	Sudesh Mujumdar misc HF5001-6182 misc HG1-9999 misc industrial development misc export-led misc investigation misc export-expansion misc Business misc Finance IS EXPORT-LED INDUSTRIAL DEVELOPMENT A VIABLE POLICY? SOME EMPIRICAL EVIDENCE
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topic_title	HF5001-6182 HG1-9999 IS EXPORT-LED INDUSTRIAL DEVELOPMENT A VIABLE POLICY? SOME EMPIRICAL EVIDENCE industrial development export-led investigation export-expansion
topic	misc HF5001-6182 misc HG1-9999 misc industrial development misc export-led misc investigation misc export-expansion misc Business misc Finance
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title	IS EXPORT-LED INDUSTRIAL DEVELOPMENT A VIABLE POLICY? SOME EMPIRICAL EVIDENCE
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title_sort	is export-led industrial development a viable policy? some empirical evidence
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title_auth	IS EXPORT-LED INDUSTRIAL DEVELOPMENT A VIABLE POLICY? SOME EMPIRICAL EVIDENCE
abstract	This paper re-examines the time-series evidence on the relationship between exports and industrial development for eight newly-industrialized economies in light ofrecent breakthroughs in time-series analysis. Specifically, the investigation employs the time-series procedure of Toda and Yamamoto (1995) where many shortcomings ofthe traditional approaches (e.g., the Vector-Error-Correction approach) are overcome. The investigation reveals thatfor all but one ofthe economies where a policy ofexport-led growth was explicitly adopted, there is evidence indicating that current increases in exports produce future increases in industrial output. Such evidence is not found for the economies where the policy was not explicitly adopted. This suggests that for a country without an explicit strategy of export-expansion, it appears unlikely that export- expansion will spontaneously stimulate industrial development.
abstractGer	This paper re-examines the time-series evidence on the relationship between exports and industrial development for eight newly-industrialized economies in light ofrecent breakthroughs in time-series analysis. Specifically, the investigation employs the time-series procedure of Toda and Yamamoto (1995) where many shortcomings ofthe traditional approaches (e.g., the Vector-Error-Correction approach) are overcome. The investigation reveals thatfor all but one ofthe economies where a policy ofexport-led growth was explicitly adopted, there is evidence indicating that current increases in exports produce future increases in industrial output. Such evidence is not found for the economies where the policy was not explicitly adopted. This suggests that for a country without an explicit strategy of export-expansion, it appears unlikely that export- expansion will spontaneously stimulate industrial development.
abstract_unstemmed	This paper re-examines the time-series evidence on the relationship between exports and industrial development for eight newly-industrialized economies in light ofrecent breakthroughs in time-series analysis. Specifically, the investigation employs the time-series procedure of Toda and Yamamoto (1995) where many shortcomings ofthe traditional approaches (e.g., the Vector-Error-Correction approach) are overcome. The investigation reveals thatfor all but one ofthe economies where a policy ofexport-led growth was explicitly adopted, there is evidence indicating that current increases in exports produce future increases in industrial output. Such evidence is not found for the economies where the policy was not explicitly adopted. This suggests that for a country without an explicit strategy of export-expansion, it appears unlikely that export- expansion will spontaneously stimulate industrial development.
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title_short	IS EXPORT-LED INDUSTRIAL DEVELOPMENT A VIABLE POLICY? SOME EMPIRICAL EVIDENCE
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score	7.3989916

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