Export diversification, mean-reversion of exports, and stability of export-growth causality

This study proposes a five-step statistical procedure to examine a linkage among export diversification, mean-reversion of exports, and stability of the export-growth causality. This linkage was assessed for France, Norway, and Switzerland between 1980Q1 and 2016Q4. The findings indicated that the m...

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Bibliographic Details
Published in:The International trade journal 2019-05, Vol.33 (3), p.221-238
Main Authors: Furuoka, Fumitaka, Harvey, Hanafiah, Munir, Qaiser
Format: Article
Language:English
Subjects:
Causality
Economic growth
Export diversification
Exports
International trade
mean-reversion of exports
Stability
stability of export-growth causality
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Summary:This study proposes a five-step statistical procedure to examine a linkage among export diversification, mean-reversion of exports, and stability of the export-growth causality. This linkage was assessed for France, Norway, and Switzerland between 1980Q1 and 2016Q4. The findings indicated that the mean-reversion tendency of the export sectors in France and Switzerland was stronger than in Norway, which highlighted the important role of export activities for economic growth in France and Switzerland. Also, the causal relationship between exports and economic growth in Norway was found to be more unstable than in France, but more stable than in Switzerland.
ISSN:0885-3908
1521-0545
DOI:10.1080/08853908.2018.1555497