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Examining the export-led growth hypothesis for Spain in the last century

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  • Jacint Balaguer
  • Manuel Cantavella-Jorda

Abstract

The relationship between real income and real exports is examined for the Spanish economy in the last century (1901-1999) using annual data. The significant changes of the Spanish economy during this period have made of the analysis a mixed one. The export-led growth hypothesis is supported during the economic liberalization period whereas for the protectionist and autarkic period neither a long-run nor a short-run relationship between those two variables are found. When the century as a whole is considered, then, a unidirectional causality running from income to exports is exhibited.

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  • Jacint Balaguer & Manuel Cantavella-Jorda, 2001. "Examining the export-led growth hypothesis for Spain in the last century," Applied Economics Letters, Taylor & Francis Journals, vol. 8(10), pages 681-685.
    • Handle: RePEc:taf:apeclt:v:8:y:2001:i:10:p:681-685
    DOI: 10.1080/13504850010038687
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    Cited by:

    1. Cheng-Wen Lee & Budi Hasyim & Jan-Yan Lin, 2023. "The Export-Led Growth Hypothesis: Some Evidence from the 8-ASEAN," Journal of Applied Finance & Banking, SCIENPRESS Ltd, vol. 13(2), pages 1-1.
    2. Jacint Balaguer & Manuel Cantavella-Jorda, 2004. "Structural change in exports and economic growth: cointegration and causality analysis for Spain (1961-2000)," Applied Economics, Taylor & Francis Journals, vol. 36(5), pages 473-477.
    3. Oscar Bajo-Rubio, 2022. "Exports and long-run growth: The case of Spain, 1850-2020," Journal of Applied Economics, Taylor & Francis Journals, vol. 25(1), pages 1314-1337, December.
    4. Bianca Biagi & Manuela Pulina, 2009. "Bivariate VAR models to test Granger causality between tourist demand and supply: Implications for regional sustainable growth," Papers in Regional Science, Wiley Blackwell, vol. 88(1), pages 231-244, March.
    5. Muhammad Shahbaz & Pervaz Azim & Khalil Ahmad, 2011. "Exports-Led Growth Hypothesis in Pakistan: Further Evidence," Asian Economic and Financial Review, Asian Economic and Social Society, vol. 1(3), pages 182-197.
    6. George A. Vamvoukas, 2007. "Trade Liberalization and Economic Expansion: A Sensitivity Analysis," South-Eastern Europe Journal of Economics, Association of Economic Universities of South and Eastern Europe and the Black Sea Region, vol. 5(1), pages 71-88.
    7. Balaguer, Jacint & Cantavella-Jorda, Manuel, 2004. "Export composition and Spanish economic growth: evidence from the 20th century," Journal of Policy Modeling, Elsevier, vol. 26(2), pages 165-179, February.
    8. Ali, Shah & Masih, Mansur, 2018. "The determinants of economic growth: the Malaysian case," MPRA Paper 107859, University Library of Munich, Germany.
    9. Andrés Mauricio Gómez Sánchez & Zoraida Ramírez Gutiérrez, 2017. "Causalidad entre las importaciones y el crecimiento económico: evidencia empírica para el departamento del Cauca (Colombia)," Revista Facultad de Ciencias Económicas, Universidad Militar Nueva Granada, vol. 25(2), pages 41-62, September.
    10. Jacint Balaguer & Tatiana Florica & Jordi Ripollés, 2015. "Foreign trade and economic growth in Spain (1900–2012): the role of energy imports," Economia Politica: Journal of Analytical and Institutional Economics, Springer;Fondazione Edison, vol. 32(3), pages 359-375, December.
    11. zaharey, 2005. "Structural change in Export and economics growth: Analysis for spain (1980-2001)," Econometrics 0506007, University Library of Munich, Germany.
    12. Fugarolas, Guadalupe & Mañalich, Isis & Matesanz, David, 2007. "Are Exports Causing Growth? Evidence On International Trade Expansion In Cuba, 1960-2004," MPRA Paper 6323, University Library of Munich, Germany.
    13. Halicioglu, Ferda, 2007. "A Multivariate Causality Analysis of Export and Growth for Turkey," MPRA Paper 3565, University Library of Munich, Germany.
    14. Jaime Andrés Collazos & Pedro Luis Rosero, 2010. "¿Posee el Valle del Cauca una economía transformadora de importaciones orientadas a la Exportación?," Documentos de Políticas Públicas 6880, Universidad Icesi.
    15. Narayan, Paresh Kumar & Sharma, Susan Sunila & Bannigidadmath, Deepa, 2013. "Does tourism predict macroeconomic performance in Pacific Island countries?," Economic Modelling, Elsevier, vol. 33(C), pages 780-786.
    16. Nguyen, Hong-Oanh & Tongzon, Jose, 2010. "Causal nexus between the transport and logistics sector and trade: The case of Australia," Transport Policy, Elsevier, vol. 17(3), pages 135-146, May.

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