This paper uses the gravity model of trade to investigate the link between foreign aid and exports in recipient countries. Most of the theoretical work emphasizes the negative impact of aid on recipient countries’ exports primarily due to exchange rate appreciation, disregarding possible...

This paper contributes to the literature on foreign direct investment (FDI) and economic growth in two main ways. First, we examine the effect of FDI on economic growth for 44 developing countries over the period 1970 to 2005 using heterogeneous panel cointegration techniques that are robust to...

This paper makes the following contributions to the literature on the impact of trade on income. First, we use heterogeneous panel cointegration techniques that are robust to omitted variables and endogenous regressors to estimate the effect of trade on income for 75 developed and developing...

This study examines the export-led growth hypothesis using annual time series data from Chile. It addresses the problem of specification bias under which previous studies have suffered and focuses on the impact of manufactured and primary exports on the economic growth. In order to investigate...

Seit Mitte der 70er Jahre steigen die Exporte Chiles stetig. Mit zunehmender Exportexpansion ist auch der Industriegüteranteil am chilenischen Gesamtexport gewachsen. Trotz steigender vertikaler Exportdiversifizierung spielen Exporte aus technologischen Zukunftsbranchen eine marginale Rolle....

This study examines the long-run relationship between Chilean exports and imports during the 1975-2004 period using unit root tests and cointegration techniques that allow for endogenously determined structural breaks. The results indicate that there exists a long-run equilibrium between exports...

This paper examines the long-run impact of capital goods imports, intermediate goods imports, and exports of manufactured and primary goods on total factor productivity in Chile. Using cointegration techniques, we find productivity-enhancing effects of capital and intermediate goods imports as...

In this study, we examine the long-run impact of capital goods imports, exports of manufactured and primary goods on total factor productivity in Chile. Using the integration and cointegration techniques of Kapetanios (2005), Pesaran, Shin, and Smith (2001), Stock (1987), and Saikkonen (1991) we...

This paper examines the long-run relationship between outward foreign direct investment (FDI) and total factor productivity for a sample of 33 developing countries over the period 1980-2005. Using panel cointegration techniques, we find that: (i) outward FDI has, on average, a positive long-run...

This paper challenges the common view that exports generally contribute more to GDP growth than a mere change in export volume, as the export-led growth hypothesis predicts. Applying heterogeneous panel cointegration techniques to a production function model with non-export GDP as the dependent...