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Exports and growth: an econometric analysis

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  • Sengupta, Jati K.
  • España, J.R.

Abstract

This paper dicusses the sources of rapid economic growth in Koreaı in recent times and their economic implications by means of three types of econometric tests based on the modern theory of cointegration, the dominant role of demand over supply and the significant degree of economies of scale due to the spillover effects of human capital and of technological diffusion. The empirical growth profile of Korea in recent times seems to vindicate some of the major tenets of the new growth theory.

Suggested Citation

  • Sengupta, Jati K. & España, J.R., 1992. "Exports and growth: an econometric analysis," UC3M Working papers. Economics 2835, Universidad Carlos III de Madrid. Departamento de Economía.
    • Handle: RePEc:cte:werepe:2835
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    References listed on IDEAS

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    1. Chenery, Hollis B., 1984. "Economic Structure and Performance," Elsevier Monographs, Elsevier, edition 1, number 9780126800609 edited by Syrquin, Moshe & Taylor, Lance & Westphal, Larry E..
    2. Colin I. Bradford, Jr, 1987. "NICs and the Next-Tier NICs as Transitional Economies," NBER Chapters, in: Trade and Structural Change in Pacific Asia, pages 173-204, National Bureau of Economic Research, Inc.
    3. Bradford, Colin Jr., 1987. "Trade and structural change: NICs and next tier NICs as transitional economies," World Development, Elsevier, vol. 15(3), pages 299-316, March.
    4. Dadkhah, Kamran M & Zahedi, Fatemeh, 1986. "Simultaneous Estimation of Production Functions and Capital Stocks for Developing Countries," The Review of Economics and Statistics, MIT Press, vol. 68(3), pages 443-451, August.
    5. Collins, Susan M, 1990. "Lessons from Korean Economic Growth," American Economic Review, American Economic Association, vol. 80(2), pages 104-107, May.
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    Cited by:

    1. Jiayi Huang & Miguel D. Ramirez, 2016. "Do Exports lead Economic Output in Five Asian Countries? A Cointegration and Granger Causality Analysis," Business and Economic Research, Macrothink Institute, vol. 6(2), pages 30-50, December.

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