Export specialization and economic growth around the world

Jim Lee

Economic Systems, 2011, vol. 35, issue 1, 45-63

Abstract: This paper empirically investigates the extent to which technological characteristics in exports affect the patterns of trade-led economic growth across countries. Data of the Balassa index, which captures a country's revealed comparative advantage, are obtained for industries classified by technological intensity. Regression results based on a sample of 71 countries since 1970 suggest that economies have tended to grow more rapidly when they have increasingly specialized in exporting high-technology as opposed to traditional or low-technology goods. The findings are robust to the presence of various control variables as well as the consideration of parameter heterogeneity and in the endogeneity of export structures.

Keywords: Export; specialization; Economic; growth; Trade; openness; Technology; Quantile; regression (search for similar items in EconPapers)
Date: 2011
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Citations: View citations in EconPapers (36)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecosys:v:35:y:2011:i:1:p:45-63

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