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Export quality and economic growth in the 2000s : new empirical evidence

Author

Listed:
  • Gilberto Libânio

    (Cedeplar-UFMG)

  • Sueli Moro

    (Cedeplar-UFMG)

  • Anna Carolina Londe

    (Cedeplar-UFMG)

Abstract

This paper examines the relationship between composition of exports and economic growth for a large set of countries, between 2000 and 2013, following the assumption that the technological structure of exports has important implications for economic development. The paper builds an index of exports quality, based on the classification by technological intensity: primary products, resource-based manufactures, low-tech, medium-tech and high-tech manufactures. Then, we estimate the relationship between quality of exports and economic growth by using panel data analysis. The results suggest that the export quality index is highly significant to explain economic growth. Between 2000 and 2008, booming demand for commodities benefited exporters of primary products and resource-based manufactures, and lower export quality is associated with higher rates of economic growth. For 2009-2013, in turn, results confirm what is expected by theory and suggest that export structures with higher technological content have brought about positive effects on economic performance.

Suggested Citation

  • Gilberto Libânio & Sueli Moro & Anna Carolina Londe, 2016. "Export quality and economic growth in the 2000s : new empirical evidence," Textos para Discussão Cedeplar-UFMG 543, Cedeplar, Universidade Federal de Minas Gerais.
    • Handle: RePEc:cdp:texdis:td543
    as

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    File URL: https://www.cedeplar.ufmg.br/pesquisas/td/TD%20543.pdf
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    References listed on IDEAS

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    More about this item

    Keywords

    exports; technology; economic growth; panel data.;
    All these keywords.

    JEL classification:

    • O11 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Macroeconomic Analyses of Economic Development

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