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Author: Srinivasan Palamalai Publisher: ISBN: Category : Languages : en Pages : 14
Book Description
The present paper investigates the causal nexus between exports and economic growth for the sample of BRICS nations, namely, Brazil, Russia, India, China and South Africa, using Johansen co-integration and VECM Granger Causality test. The Co-integration test result confirms a significant relationship between exports and GDP in the long-term. The Causality analysis exhibits a long-run bidirectional causal link between GDP and exports for the BRICS nations except Brazil. One-way long-run causal link runs from GDP to exports is observed for Brazil. Besides, the empirical results neither support ELG nor GLE hypothesis in the short-run for Brazil and Russia. Feedback effects between exports and GDP for India and unidirectional causality from GDP to exports in the case of China were found in the short-run.
Author: Srinivasan Palamalai Publisher: ISBN: Category : Languages : en Pages : 14
Book Description
The present paper investigates the causal nexus between exports and economic growth for the sample of BRICS nations, namely, Brazil, Russia, India, China and South Africa, using Johansen co-integration and VECM Granger Causality test. The Co-integration test result confirms a significant relationship between exports and GDP in the long-term. The Causality analysis exhibits a long-run bidirectional causal link between GDP and exports for the BRICS nations except Brazil. One-way long-run causal link runs from GDP to exports is observed for Brazil. Besides, the empirical results neither support ELG nor GLE hypothesis in the short-run for Brazil and Russia. Feedback effects between exports and GDP for India and unidirectional causality from GDP to exports in the case of China were found in the short-run.
Author: Fayyaz Ahmad Publisher: ISBN: Category : Languages : en Pages : 14
Book Description
This paper analyzes the causal relationships between exports, FDI and economic growth among the ASEAN5 countries. We have used a three-stage procedure based on unit root, co-integration and causality tests applied to the panel data from 1981 to 2013. The results reveal that there is a bi-directional causal relationship between FDI and growth in the long run, while there is a unidirectional causal relationship from FDI to exports in the short run. Our results also confirm that the export-led growth (ELG) and FDI-led growth hypotheses hold true in the long and short run. To reinforce the FDI inflows, authorities should continue the progressive reduction of barriers, and increase the sophistication of quality exports to compete in the global market. This paper is the first of its kind to analyze the role of both FDI and exports in the ASEAN region using panel analysis.
Author: Vijay Kumar Publisher: ISBN: Category : Languages : en Pages : 23
Book Description
The purpose of this research study is to shed light on the causal relationship between foreign trade and economic growth in India. This study analyzes Export-led growth (ELG) and Import-led growth (ILG) hypothesis in India. The author does so by analyzing the yearly data of Export, Import and Gross domestic product of India between 1980 and 2016. The author employed augmented Dickey-Fuller method and Phillip-Perron method to transform the all the data series into a stationary form. The author finds that all three variables i.e. Export, Import and Gross domestic product are highly positively correlated to each other. The result of Johansen co-integration test indicates cointegration and long-haul relationship among the variables. The result of the Granger causality and Toda-Yamamoto causality test shows unidirectional causal relationship between export and economic growth; the one-way causation exists between import and economic growth while economic growth causes export and import in India. The result of the impulse response function indicates that a change in the GDP is due to its own shocks whereas the impact of export shows certain effect on GDP. The analysis of the variance decomposition demonstrated that only 28.25% fluctuations in the GDP were explained due to its own shocks. Thus the outcome of the study indicates importance of export and import for economic growth is significance and foreign trade is heavily relied on economic growth of the country.
Author: Sheila A Gutierrez de Pineres Publisher: Routledge ISBN: 1351786008 Category : Social Science Languages : en Pages : 192
Book Description
This title was first published in 2000: This text aims to be essential reading for anyone who wishes to understand the microeconomic foundations behind the Latin American export boom, the ways in which government policies affecting exports may retard or promote economic growth, and the future prospects of the proposed Free Trade Association of the Americas. The authors conduct an econometric analysis which uses measures of export diversification, structural change in exports, and exports similarity which provide a basis for region-wide comparisons. The cases of Chile, Colombia, Mexico and Venezuela are analyzed in particular detail. Cross-country analysis focuses on the potential role of export diversification in promoting economic growth, in the context of other important determinants of growth.
Author: Durairaj Kumarasamy Publisher: ISBN: Category : Languages : en Pages :
Book Description
This paper employs cointegration technique and error correction model to examine the long run causal nexus between foreign direct investment and foreign trade (imports and exports) in India. The databases are on monthly basis and it covers the period from July 1992 to October 2003. By and large, the analysis reveals that there is a one-way causal linkage from import to foreign direct investment and it is consistent with the traditional step-by-step sequences of servicing foreign markets, and that there is also a unidirectional causality from export to foreign direct investment and it may be due to the outward-oriented export-led development policy that attracts foreign direct investment inflow in India in the short run.
Author: Emilio J. Medina-Smith Publisher: United Nations Conference on Trade and Development ISBN: Category : Business & Economics Languages : en Pages : 64
Book Description
The export-led growth hypothesis (ELGH) postulates that export growth is one of the determinants of economic growth. This study tests the hypothesis by examining the economy of Costa Rica, using data going back to 1950. It found that although exports had a positive effect on growth, their impact was relatively. It thus challenges some of the empirical literature on ELGH and expresses doubts about using exports as a comprehensive development strategy.
Author: Srinivasan Palamalai
Author: Srinivasan Palamalai
Author: Fayyaz Ahmad
Author: Sung-Shen Ni
Author: Danda Pani Paudel
Author: Vijay Kumar
Author: Sheila A Gutierrez de Pineres
Author: Durairaj Kumarasamy![Investigating the Causal Relationship Between Export Growth and Economic Growth in Ghana [microform] PDF](https://books.google.com/books/content/images/frontcover/iBo0AAAACAAJ?fife=w80-h100)
Author: Sakyi-Bekoe, Kwabena
Author: Emilio J. Medina-Smith
Author: Bela Balassa