Revaluating the relationship between productivity and exports through nonlinear error correction model: empirical evidences for United States, Canada, Japan and Germany

Autor:	João Paulo Martin Faleiros, Denisard Cneio de Oliveira Alves
Jazyk:	portugalština
Rok vydání:	2015
Předmět:	Exports Productivity Nonlinear models. Economic history and conditions HC10-1085 Economics as a science HB71-74
Zdroj:	Economia Aplicada, Vol 19, Iss 1 (2015)
Druh dokumentu:	article
ISSN:	1413-8050 1980-5330
DOI:	10.1590/ea.v19i1.106027
Popis:	The aim of this paper is to evaluate the relationship between exports and productivity using Multiple Regimes Smooth Transition Vector Error- Correction Model (MR-STVEC) for a sample of four developed countries (United States, Canada, Japan and Germany). MR-STVEC models require a previous strategy of identification. Based on the strategy used by Lundbergh et al. (2003), we apply two different likelihood ratio tests. The results indicate that exports may reverse negative productivity shocks. In particular, for Canada and Germany, exports are able to act as a restriction to an increase in productivity when there are positive shocks.
Databáze:	Directory of Open Access Journals
Externí odkaz:	https://doaj.org/article/094353b18ace4b349a87ab8fa49d3825 Zobrazit plný text záznamu View record in DOAJ