Export-Led Growth in the EU: Where and What to Export?. Issue 4 (7th August 2016)

• Record Type: Journal Article
• Authors: Ribeiro, Ana Paula; Carvalho, Vitor; Santos, Paula
• Is Part Of: International trade journal. Volume 30:Issue 4(2016)
• Page Start: 319
• Page End: 344
• Publication Date: 2016-08-07
• Subjects: Economic growth -- European Union -- exports' destination -- panel data -- product structure of exports; International trade -- Periodicals; Commerce -- Periodicals; International economic relations -- Periodicals; 382
• DOI: 10.1080/08853908.2016.1197806
• Languages: English
• ISSNs: 0885-3908

Abstract

ABSTRACT: In the aftermath of the Great Recession, exports emerge as a meaningful source of growth. In this context, using a panel of 26 European Union members, we assess if and how the product and the destination structures of exports shape the growth dynamics for European countries. We find that growth is fostered through export specialization in high-value-added products, such as manufacturing and high-technology, and by export diversification across partners. However, enlarging the portfolio of partners, mainly to less developed and more distant countries, has negative impacts on growth. Unambiguously, relative concentration of exports should be directed towards higher growth countries.