Export Sector Dynamics and Domestic Growth: The Case of Colombia

Posted: 17 Aug 1998

See all articles by Sheila Amin Gutierrez de Pineres

Sheila Amin Gutierrez de Pineres

University of Texas at Dallas - Department of Economics & Finance

Michael J. Ferrantino

Trade Policy Research Forum

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.

Suggested Citation

Amin Gutierrez de Pineres, Sheila and Ferrantino, Michael J., Export Sector Dynamics and Domestic Growth: The Case of Colombia. Available at SSRN: https://ssrn.com/abstract=114731

Sheila Amin Gutierrez de Pineres (Contact Author)

University of Texas at Dallas - Department of Economics & Finance ( email )

Richardson, TX 75083
United States
972-883-6228 (Phone)
972-883-2735 (Fax)

Michael J. Ferrantino

Trade Policy Research Forum ( email )

13 Yucca Drive
Fredericksburg, VA Virginia 22405
United States

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