Resource title

Does trade increase total factor productivity: cointegration evidence for Chile

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Resource description

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 find a long-run relationship between these variables. All in all, our estimation results provide evidence for the existence of productivity-enhancing effects of capital goods imports and manufactured exports and of productivity-limiting effects of primary exports.

Resource author

Dierk Herzer

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Resource publish date

Resource language

eng

Resource content type

text/html

Resource resource URL

http://hdl.handle.net/10419/27404

Resource license

Adapt according to the presented license agreement and reference the original author.