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Baer, Werner W. Alam, Muhammad Imam Mahbubul 2011-05-07T12:54:50Z 2011-05-07T12:54:50Z 10000-01-01 1996 "The dramatic growth performances of the newly industrializing countries (NICs) have led many economists to call them ""economic miracles"", and have drawn considerable attention to the hypothesis of export-led growth (ELG). In this dissertation we analyze the contribution of the export sector to the growth of income of seven high performing economies from Asia and Latin America (Brazil, Hong Kong, Indonesia, Malaysia, Mexico, Republic of Korea and Taiwan)." Effects of the expansion of manufactured exports from the developing countries have been empirically investigated by its impact on the growth of national income by a number of economists, but most of these studies suffer from serious shortcomings (Edwards (1993)). In the theoretical part of the dissertation we generalize the ideas proposed in the literature in support of the ELG hypothesis and show the channels through which export affects output growth. The model shows that, under certain conditions, an economy can experience positive growth in per capita income even in the long-run. We use the theoretical model as the basis for the empirical analysis using time-series data from the seven countries. Since our model shows the interdependence of the aggregate variables and preliminary statistical analysis indicates the non-stationary character of the variables involved, Johansen's method of cointegration is used in the empirical part. Johansen's method allows us to test the number of cointegrating vector(s) in the model and test hypotheses about the space generated by the cointegrating vector(s). It also uses information from the equation of each of the variables in order to obtain maximum likelihood coefficients. Most of the deficiencies of the previous empirical studies can be tackled by this method. Contrary to the popular belief, we find no evidence of ELG hypothesis for any of the seven countries. We do not find any support for the notion that expansion of the manufactured export sector positively affects capital accumulation. Made available in DSpace on 2011-05-07T12:54:50Z (GMT). No. of bitstreams: 2 license.txt: 4922 bytes, checksum: 910b249b4beec47e7ab768910c8f966f (MD5) 9702439.pdf: 4194714 bytes, checksum: 033242044125114671d801ee1a68717b (MD5) Previous issue date: 1996 Item marked as restricted to the 'UIUC Users [automated]' Group (id=2) by Howard Ding (hding2@illinois.edu) on 2011-05-07T14:47:40Z Item is restricted indefinitely. Restriction data tranferred 2014-07-01T11:21:32-05:00 Original Data Group with Access UIUC Users [automated] Release Date: none Reason: ETDs are only available to UIUC Users without author permission ETDs are only available to UIUC Users without author permission U of I Only 9780591087659 AAI9702439 (UMI)AAI9702439 http://hdl.handle.net/2142/20980 eng Copyright 1996 Alam, Muhammad Imam Mahbubul Economics, General Economics, Commerce-Business Manufactured exports and economic growth text Economics Economics University of Illinois at Urbana-Champaign Dissertation Ph.D.