Spillovers and Exports: A Meta-Analysis

Type of content
Discussion / Working Papers
Publisher's DOI/URI
Thesis discipline
Degree name
Publisher
University of Canterbury, Department of Economics and Finance
Journal Title
Journal ISSN
Volume Title
Language
Date
2019
Authors
Meriluoto L
Das KK
Duan J
Reed WR
Abstract

This study uses meta-analysis to analyze the empirical literature on spillovers and exports. It collects 3,291 estimated spillover effects from 99 studies. The estimated spillover effects in the literature span a large number of types and measures of both exports and spillovers. As a result, we transform estimates to partial correlation coefficients (PCCs). We analyze these transformed effects using four different versions of Weighted Least Squares estimators, incorporating both meta-analytic “Fixed Effects” and “Random Effects”. Our analysis produces three main findings. First, while we estimate a mean overall effect of spillovers on exports that is statistically significant, the size of the effect is economically negligible. Second, we find evidence of positive publication bias using conventional Funnel Asymmetry Tests. However, the size of the estimated publication bias is small, and disappears in some regressions when other explanatory variables are included in the analysis. Third, using both Bayesian Model Averaging and frequentist WLS estimation, we find that some data, estimation, and study characteristics are significant in some regressions. However, only a few of the characteristics are robust, and none are large in size.

Description
Citation
Meriluoto L, Das KK, Duan J, Reed WR (2019). Spillovers and Exports: A Meta-Analysis. University of Canterbury, Department of Economics and Finance. University of Canterbury, Department of Economics and Finance.
Keywords
spillovers, exports, meta-analysis, meta-regression analysis, Bayesian model averaging, partial correlation coefficient
Ngā upoko tukutuku/Māori subject headings
ANZSRC fields of research
Fields of Research::35 - Commerce, management, tourism and services::3507 - Strategy, management and organisational behaviour::350706 - International business
Field of Research::14 - Economics::1402 - Applied Economics::140202 - Economic Development and Growth
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