Export Sector Dynamics and Domestic Growth: The Case of Colombia
Posted: 17 Aug 1998
Abstract
Analyses of Colombian data have generally failed to confirm the hypothesis of export-led growth. In this paper, we generate several measures of export diversification and structural change in exports, and argue that these measures are useful in assessing growth externalities generated by the export sector. In a simultaneous-equations framework, increases in the rate of export structural change are associated with accelerated Colombian GDP growth. Export diversification, by contrast, is not a source of economic growth, and the reduced-form relationship between aggregate lagged export growth and GDP growth is weak.
Note: This paper represents solely the views of the authors and does not represent the views of the U.S. International Trade Commission or any of its Commissioners.
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