Purpose – This paper seeks to revisit the highly debated trade-growth hypothesis by considering the effects of trade and output volatility on the relationship between trade and economic growth. Design/methodology/approach – The relationship is modeled by testing for the existence of output...

This paper investigates the trade-productivity growth relationship by incorporating uncertainty/volatility in a VECM-GARCH model. Using Singapore as a case study, we find evidence supporting the crucial role of imports as a beneficial conduit for growth in both total factor productivity (TFP)...

As services are an important engine of growth for Singapore, this paper attempts to empirically investigate the sources of output growth in this sector to shed light on the debate sparked off by Krugman (1994) on the miraculous or mythical growth of Singapore and the other newly industralizing...