Modelling manufactured exports: evidence for Asian newly industralised economies
This paper examines the determinants of export growth for four of the Asian newly industrialising economies (NIEs): Hong Kong, Korea, Singapore and Taiwan. Using the framework of cointegration and error correction modelling, it is found that, in the case of Singapore, income effects, competitiveness (relative price effects) and exchange rate effects are the dominant sources of export growth while in Korea’s case, these same variables are less significant in explaining export growth. In the...[Show more]
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