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Global Economy Journal

The Official Publication of the International Trade and Finance Association

Ed. by Pelzman, Joseph

4 Issues per year


CiteScore 2017: 0.36

SCImago Journal Rank (SJR) 2017: 0.217
Source Normalized Impact per Paper (SNIP) 2017: 0.392

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1553-5304
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Volume 17, Issue 3

Issues

Export Diversification and Sources of Growth in Emerging Market Economies

Vaseem Akram / Badri Narayan Rath
Published Online: 2017-05-26 | DOI: https://doi.org/10.1515/gej-2017-0018

Abstract

We examine the impact of export diversification on total factor productivity (TFP) growth in case of 28 emerging market economies (EMEs) using annual data from 1995 to 2014. The results indicate that export diversification has significant positive impact on TFP growth. Further the results show that the TFP growth contributes more towards output growth as compared to factor accumulation in case of highly export diversified countries. The policy suggests that the emerging countries should focus more on export diversification-led-growth via productivity channel.

Keywords: export diversification; total factor productivity; financial development; human capital; panel unit root; dynamic panel data model; EMEs

JEL Classification: F14; O47; C23; O57

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About the article

Published Online: 2017-05-26


Citation Information: Global Economy Journal, Volume 17, Issue 3, 20170018, ISSN (Online) 1553-5304, DOI: https://doi.org/10.1515/gej-2017-0018.

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