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

页码：243 / 261

页数：19

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