Author: Sung-Shen NiPublisher:
ISBN:
Category : Asia
Languages : en
Pages : 118
Book Description
Causality Between Export and Output Growth
Author: Sung-Shen NiOn the Causality Between Export Growth and GDP Growth
Author: Zhenhui XuPublisher:
ISBN:
Category :
Languages : en
Pages : 0
Book Description
Although conventional wisdom suggests that export growth contributes positively to economic growth, empirical studies on the causal links between exports and output have provided little support for the export-led growth hypothesis. This paper re-examines the direction of causation by handling properly two important issues in causality tests: the characteristics of the data, and the choice of optimal lags. The results of this study show that in a sample of thirty-two economies, the export-led growth hypothesis is supported by seventeen economies and is strongly supported by nine economies.
Causality Between Export and Output Growth
Author: Song-shen NiExports, Imports, and Economic Growth in Developing Countries
Author: Erdal AtukerenExports, Growth, and Causality in the SEACEN Countries
Author: Danda Pani PaudelPublisher:
ISBN:
Category : Exports
Languages : en
Pages : 28
Book Description
Causality Between Export and Economic Growth
Author: Gary Gang TianPublisher:
ISBN:
Category :
Languages : en
Pages : 18
Book Description
The export-led growth hypothesis is tested using monthly time series data for Shanghai (one of the major exporting provinces in China) using the Granger no-causality procedure developed by Toda and Yamamoto (1995) in a vector autoregresion (VAR) model. Three distinct features in this paper stand out: first, the study of the export-led growth hypothesis using the case of Shanghai is the first attempt. Second, the paper follows Riezman, Whiteman and Summers (1996) to test the hypothesis while controlling for the growth of imports to avoid a spurious causality result; and finally, the use of the methodology by Toda and Yamamoto is expected to improve the standard F-statistics in the causality test process. The research finds a one-way Granger causality running from GDP to exports.
Causality Between Export and Economic Growth
Author: Gurmeet SinghPublisher:
ISBN:
Category :
Languages : en
Pages : 16
Book Description
The study investigates the relationships between export and economic growth, over the period April 2005 to March 2014. Index of industrial production is used as indicator of economic growth. Johansen's co-integration and Granger causality test have been applied to explore the long-run & short run equilibrium relationship between export and economic growth. The analysis reveals that export and economic growth are co-integrated and, hence, a long-run equilibrium relationship exists between them. It is observed that the export and index of industrial production as indicator of economic growth are positively related to each other. The export is found to be significant in determining economic growth and economic growth significantly affects export. In the Granger causality sense, export Granger causes economic growth and economic growth Granger causes export or there is bi-directional causality between export and economic growth in both long run and short-run.
Causal Nexus Between Export and Growth
Author: Srinivasan PalamalaiPublisher:
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.
Is the Export-led Growth Hypothesis Valid for Developing Countries?
Author: Emilio J. Medina-SmithPublisher: 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.
Long-Run Economic Growth
Author: Steven DurlaufPublisher: Springer Science & Business Media
ISBN: 3642612113
Category : Business & Economics
Languages : en
Pages : 204
Book Description
One of the most enduring questions in economics involves how a nation could accelerate the pace of its economic development. One of the most enduring answers to this question is to promote exports -either because doing so directly influences development via encouraging production of goods for export, or because export promotion permits accumulation of foreign exchange which permits importation of high-quality goods and services, which can in turn be used to expand the nation's production possibilities. In either case, growth is said to be export-led; the latter case is the so-called "two-gap" hypothesis (McKinnon, 1964; Findlay, 1973). The early work on export-led growth consisted of static cross-country com parisons (Michaely, 1977; Balassa, 1978; Tyler, 1981; Kormendi and Meguire, 1985). These studies generally concluded that there is strong evidence in favour of export-led growth because export growth and income growth are highly correlated. However, Kravis pointed out in 1970 that the question is an essen tially dynamic one: as he put it, are exports the handmaiden or the engine of growth? To make this determination one needs to look at time series to see whether or not exports are driving income. This approach has been taken in a number of papers (Jung and Marshall, 1985; Chow, 1987; Serletis, 1992; Kunst and Marin, 1989; Marin, 1992; Afxentiou and Serletis, 1991), designed to assess whether or not individual countries exhibit statistically significant evidence of export-led growth using Granger causality tests.