Is Export Diversification or Export Specialization Responsible for Economic Growth in BRICS Countries?

被引：12
|
作者：
Siswana, Sinesipho [1 ]
Phiri, Andrew [1 ]
机构：
[1] Nelson Mandela Univ, Fac Business & Econ Studies, Dept Econ, ZA-6031 Port Elizabeth, South Africa
来源：
INTERNATIONAL TRADE JOURNAL | 2021年 / 35卷 / 03期
关键词：
Export specialization; export diversification; economic growth; BRICS countries; UNIT-ROOT TESTS; INCREASING RETURNS; PANEL-DATA; COINTEGRATION; TRADE;
D O I：
10.1080/08853908.2020.1842823
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
The study investigates whether export diversification or export specialization is more useful toward promoting economic growth in BRICS countries. We estimate a dynamic growth model augmented with trade activity to capture the diversification-concentration trade-off with economic growth for BRICS economies over the period of 1995 to 2017 using FMOLS, DOLS, and PMG estimators. Altogether, we find a positive (negative) relationship between export concentration (diversification) and economic growth in BRICS countries. Further analysis points to a semi-inverted U-shaped diversification schedule, of which the BRICS countries have crossed their "inflexion point" of development and need to re-specialize their export baskets.
引用
收藏
页码：243 / 261
页数：19
相关论文
共 50 条
  • [1] Export Diversification of the European Union and BRICS Countries
    Vahalik, Bohdan
    [J]. PROCEEDINGS OF THE 2ND INTERNATIONAL CONFERENCE ON EUROPEAN INTEGRATION 2014 (ICEI 2014), 2014, : 731 - 739
  • [2] Export specialization and economic growth
    Plümper, T
    Graff, M
    [J]. REVIEW OF INTERNATIONAL POLITICAL ECONOMY, 2001, 8 (04) : 661 - 688
  • [3] Product export diversification and sustainable economic growth in developing countries
    Mania, Elodie
    Rieber, Arsene
    [J]. STRUCTURAL CHANGE AND ECONOMIC DYNAMICS, 2019, 51 : 138 - 151
  • [4] Export specialization and economic growth around the world
    Lee, Jim
    [J]. ECONOMIC SYSTEMS, 2011, 35 (01) : 45 - 63
  • [5] Export concentration and diversification impact on economic growth in the developed and developing countries of the world
    Dergachova, Viktoriia
    Dunska, Alla
    Holiuk, Viktoriia
    Lutsenko, Iryna
    Pichugina, Maryna
    [J]. ECONOMIC ANNALS-XXI, 2021, 192 (7-8): : 26 - 37
  • [6] Trade and growth in developing countries: the role of export composition, import composition and export diversification
    Carlos A. Carrasco
    Edgar Demetrio Tovar-García
    [J]. Economic Change and Restructuring, 2021, 54 : 919 - 941
  • [7] Trade and growth in developing countries: the role of export composition, import composition and export diversification
    Carrasco, Carlos A.
    Tovar-Garcia, Edgar Demetrio
    [J]. ECONOMIC CHANGE AND RESTRUCTURING, 2021, 54 (04) : 919 - 941
  • [8] Export diversification and economic growth: A threshold regression approach for emerging markets and developing countries
    Pham Thi Tuyet Trinh
    Hoang Thi Thanh Thuy
    [J]. ECONOMIC JOURNAL OF EMERGING MARKETS, 2021, 13 (02) : 188 - 199
  • [9] Export diversification and economic growth in Chile - An econometric analysis
    Herzer, VD
    [J]. JAHRBUCHER FUR NATIONALOKONOMIE UND STATISTIK, 2005, 225 (02): : 163 - 180
  • [10] Export Specialization in Services of the Visegrad Countries
    Stefaniak-Kopoboru, Joanna
    Kuczewska, Joanna
    [J]. EQUILIBRIUM-QUARTERLY JOURNAL OF ECONOMICS AND ECONOMIC POLICY, 2016, 11 (02): : 265 - 284
12345