Export-total factor productivity growth nexus in East Asian economies

Hailin Liao, Xiaohui Liu

Research output: Contribution to journalArticle

6 Citations (Scopus)

Abstract

Despite increasing interest in the relationship between trade and macro-economic performance in development economics, very limited studies have been conducted on the causal links between exports and productivity growth in Asian economies. This article 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 bidirectional 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.

Original languageEnglish
Pages (from-to)1663-1675
Number of pages13
JournalApplied Economics
Volume41
Issue number13
DOIs
Publication statusPublished - 2009
Externally publishedYes

Fingerprint

Productivity growth
Export growth
Asian economies
Total factor productivity growth
Export-led growth
Mainland China
Bounds test
Hong Kong
Wald test
Singapore
Korea
Development economics
Taiwan
Philippines
Productivity
Causality
Indonesia
Malaysia
Macroeconomic performance

ASJC Scopus subject areas

  • Economics and Econometrics

Cite this

Export-total factor productivity growth nexus in East Asian economies. / Liao, Hailin; Liu, Xiaohui.

In: Applied Economics, Vol. 41, No. 13, 2009, p. 1663-1675.

Research output: Contribution to journalArticle

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