Title:	The Dynamics of Exports and Productivity at the Plant Level: A Panel Data Error Correction Model (ECM) Approach
Number:	03-22
Author:	Mahmut Yasar, Carl H. Nelson and Roderick Rejesus
Issue Date:	October 2003
Abstract:	This article examines the short-run and long-run dynamics of the export-productivity relationship for Turkish manufacturing industries. We use an error correction model (ECM) estimated using a system Generalized Method of Moments (GMM) estimator to achieve this objective. Our results suggest that permanent productivity shocks generate larger long-run export level responses, as compared to long-run productivity responses from permanent export shocks. This result suggests that industrial policy should be geared toward permanent improvements in plant-productivity in order to have sustainable long-run export and economic growth.

Contributions to Economic Analysis, forthcoming

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