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How does manufacturing output affect export behaviors in emerging market economies? Evidence from a dynamic panel ARDL for ten biggest emerging market economies
Future Business Journal Pub Date : 2021-07-14 , DOI: 10.1186/s43093-021-00072-x
Arumugam Sankaran 1 , Arjun Krishna 1 , Arjunan Vadivel 2
Affiliation  

Realizing the export-led economic growth potential, the study aims to check the dynamic influence of manufacturing output premised on learning effects model on the export behavior of emerging market economies. Among the mean group and pooled mean group models in the umbrella method of autoregressive-distributed lag econometric technique, the latter one was chosen as it has added advantages. Also, it is supported by the Hausman test. The findings articulate that manufacturing value-added is an important ingredient, which influences the export testifying the existence of dynamic learning effects in export growth. A dynamic model of acquiring sophistication among exporters pinpoints the learning effects technique of exports. The export competitiveness is actualized through a dynamic learning process. The policy suggestion in this regard is to pace up mechanization of the economies, foster measures to reduce supply rigidities and labor market inflexibilities, and assist small and medium-scale enterprises and other types of firms in finding fresh avenues of long-term investment from foreign and advocating domestic supplies.



中文翻译:

制造业产出如何影响新兴市场经济体的出口行为?来自十大新兴市场经济体动态面板ARDL的证据

实现出口拉动的经济增长潜力,该研究旨在检查以学习效应模型为前提的制造业产出对新兴市场经济体出口行为的动态影响。在自回归分布滞后计量经济学技术的伞式方法中的平均组和合并平均组模型中,选择了后者,因为它具有额外的优势。此外,它得到了 Hausman 检验的支持。研究结果表明,制造业附加值是影响出口的一个重要因素,证明出口增长中存在动态学习效应。出口商获得复杂性的动态模型指出了出口的学习效果技术。出口竞争力是通过动态学习过程实现的。

更新日期:2021-07-14
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