Determinants of manufacturing industry exports in European Union member states
A panel data analysis
Bibliographic Data
| ID | 15067229 |
|---|---|
| Authors | Martina Basarac Sertić (0000-0003-4182-8405, Croatian Academy of Sciences and Arts, corresponding author), Valentina Vučković (0000-0002-5438-0665, University of Zagreb), Blanka Škrabić Perić (0000-0002-7448-3821, University of Split) |
| Year | 2015 |
| Volume | 28 |
| Issue | 1 |
| Pages | 384-397 |
| Publication date | 2015-01-01 |
| Peer Reviewed | Yes |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | Economic Research-Ekonomska Istraživanja (JOURNAL) |
| Journal identifiers | ISSN: 1331-677X • E-ISSN: 1848-9664 |
| Publisher | Informa UK Limited (PUBLISHER • GB) |
| DOI | 10.1080/1331677x.2015.1043781 |
| OpenAlex | W1822303713 |
| Language | EN |
| Citations received | 3 |
| References cited | 25 |
This paper aims to provide analysis on the determinants of export performance on the extensive data-set of the 27 European Union member states’ total manufacturing and high tech manufacturing industry. Hence, this paper adds to the existing empirical work by specifying an export performance equation not only as a function of income and price, as is traditionally done, but also industrial production and labour cost. For that purpose, dynamic panel data models are estimated by utilising the system GMM estimator for the period from 2000 to 2011. The obtained results indicate that both industrial production and domestic demand have a positive and statistically significant impact on total and high tech manufacturing exports. On the other hand, it is proven that foreign demand also has an impact on total manufacturing exports. Thus, the paper’s contribution is reflected in the acknowledgement that a stable macroeconomic environment (contained in the significance of a dummy variable for the economic crisis in both models), boosting production capacity and domestic demand, is essential for better export performance and the competitiveness of the manufacturing industry in an increasingly competitive global economic climate. Finally, from the perspective of policy-making, the paper concludes that recovery in the manufacturing industry could be the much needed push from crisis to economic development
Business · Econometrics · Economics · European union · Industrial organization · Industrial production · International trade · Macroeconomics · Manufacturing · Panel data · Global Trade and Competitiveness · Global trade and economics · International Business and FDI
Econometric Analysis of Panel Data
Estimation of Nonstationary Heterogeneous Panels
Approximating the bias of the LSDV estimator for dynamic unbalanced panel data models
Estimation of Dynamic Models with Error Components
Estimating dynamic panel data models
Dynamic panel data models
Estimation and Inference in Dynamic Unbalanced Panel-data Models with a Small Number of Individuals
The weak instrument problem of the system GMM estimator in dynamic panel data models
On bias, inconsistency, and efficiency of various estimators in dynamic panel data models
GMM Estimation with persistent panel data
Some Tests of Specification for Panel Data
Another look at the instrumental variable estimation of error-components models
Initial conditions and moment restrictions in dynamic panel data models
Global Shift
Handbook of international economics
Export Market Performance of OECD Countries
The Relationship Between United Kingdom Export Performance in Manufactures and the Internal Pressure of Demand
| Unique citing works | 3 |
|---|---|
| Citations per year | 0,6 |
| Citation span | 2021 - 2024 (4) |
| Citation velocity | recent |
| Highly cited | No |
| Citation types | Neutral: 3 |