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

Ashoka Mody, Kamil Yilmaz

Research output: Contribution to journalArticlepeer-review

7 Scopus citations

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).

Original languageEnglish (US)
Pages (from-to)447-470
Number of pages24
JournalJournal of Development Economics
Volume53
Issue number2
DOIs
StatePublished - Aug 1997
Externally publishedYes

All Science Journal Classification (ASJC) codes

  • Development
  • Economics and Econometrics

Keywords

  • Cointegration in panel data
  • Demand for manufactured exports
  • Persistence

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