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This paper focuses on export growth as an engine of growth and, by estimating India's export demand function, examines whether and to what extent India's export trend has been affected by external factors, particularly in the post-liberalization period. The empirical results indicate that all estimated coefficients are statistically significant with expected signs and that the absolute value of the coefficient is the largest for the world price, followed by world income and domestic income. Our results reveal that price competitiveness has improved India's export market. Moreover, the statistically significant world income elasticity suggests that the global economic boom may contribute to an increase in India's exports, whereas the global recession has likely had an adverse impact on the Indian economy through its trade channel. To ensure that export expansion becomes a stable contributor to economic growth, the Indian government should pursue ongoing diversification in exports in terms of both commodities and markets. [ABSTRACT FROM AUTHOR]

This paper estimates the export demand equation for the Philippines using the Gregory and Hansen procedure. We allowed for structural breaks within the Gregory and Hansen framework and obtained a cointegrating relationship between real exports, real income and relative prices. Our preferred model is the level shift where all the coefficients are significant and plausible. The income elasticity of export demand is around unity and the relative price elasticity is around -1.2. [ABSTRACT FROM AUTHOR]