ABSTRACT

Results from value-added exports are compared to the derived using gross value of exports and give some sense of the challenges in using most trade data that are available to measure the importance of exports in supporting economic growth. Nonetheless, the export expansion measure will give a measure of the relative increase in a country's export markets relative to the increase in domestic production over the period under examination and thus give indication of the role exports played in facilitating economic growth. The value-added data utilized, it includes services exports, and they can shed further light on the relative importance of this industry in value-added export demand contribution to growth. Although applying the accounting framework is straight forward, this is the first instance to the author's knowledge where such an accounting procedure is applied to capture the relative importance of domestic and external export demand in the economic growth process covering more than a decade of economic growth across countries.