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Title: |
Exports, Non-exports and Externalities: A
Granger Causality Approach |
| Author: |
Hutchison,
Michael; Singh, Nirvikar |
| Author
Affiliation: |
U CA, Santa
Cruz |
| Source: |
International Economic Journal, Summer 1992, v. 6, no. 2, pp. 79-94 |
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Publication Date: |
Summer 1992 |
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Abstract: |
Illustrated within the context of a
dynamic form of the neoclassical two-sector growth model, the authors
show that existing empirical studies may not detect potentially
significant externality effects associated with expansion of the export
sector because of declining marginal productivity differentials. A time
series empirical methodology analyzing the interactions of the
non-export sector and export sector is suggested which avoids this
problem and isolates potential externality effects. Time series analysis
gives results generally favorable to the existence of significant
positive externality effects running from export growth to non-export
output growth for a significant number of developing economies. |
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