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
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