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The sustainability of export-led growth:the Singaporean experience

Author

Listed:
  • Renuka Mahadevan

    (University of Queensland, Australia)

Abstract

This paper revisits the highly debated export-led growth hypothesis in a number of different ways using Singapore as a case study. First, the hypothesis is tested in terms of labor and total factor productivity growth and this provides a means of transmission via which exports can affect or be affected by GDP growth. Considering the impact of imports on GDP growth and productivity growth serve a similar purpose. The robustness of the relationships is checked using two different models given by a multivariate error correction model and the Toda and Yamamoto (1995) causality tests. These results have major implications and are necessary to reassess the effectiveness of trade policy as a strategy for economic development.

Suggested Citation

  • Renuka Mahadevan, 2009. "The sustainability of export-led growth:the Singaporean experience," Journal of Developing Areas, Tennessee State University, College of Business, vol. 43(1), pages 233-247, September.
    • Handle: RePEc:jda:journl:vol.43:year:2009:issue1:pp:233-247
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    Citations

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    Cited by:

    1. Caporale, Guglielmo Maria & You, Kefei & Chen, Lei, 2019. "Global and regional stock market integration in Asia: A panel convergence approach," International Review of Financial Analysis, Elsevier, vol. 65(C).
    2. HAZMAN, Samsudin & OMAR, Khatijah & ABD HALIMB, Abi sofian & SYAZWAN SHAMSUDIN, Muhammad Saiful, 2021. "Export Led Growth Via Intra-Regional Trading An Econometric Analysis Of Asean, Eu, Nafta, Mercosur And Comesa," Applied Econometrics and International Development, Euro-American Association of Economic Development, vol. 21(2), pages 5-28.
    3. Bibhuti Ranjan Mishra, 2020. "Role of External and Domestic Demand in Economic Growth: A Study of BRICS Countries," Global Business Review, International Management Institute, vol. 21(2), pages 547-566, April.
    4. Triyakshana Seshadri, 2011. "Is the Path to Higher Exports in India Paved with Export Zones?," Journal of South Asian Development, , vol. 6(1), pages 25-41, April.

    More about this item

    Keywords

    Export-led growth; causality; productivity growth;
    All these keywords.

    JEL classification:

    • C13 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods and Methodology: General - - - Estimation: General
    • F14 - International Economics - - Trade - - - Empirical Studies of Trade
    • O53 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Asia including Middle East

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