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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: 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: Mpho Bosupeng Publisher: GRIN Verlag ISBN: 3656960399 Category : Business & Economics Languages : en Pages : 35
Book Description
Scientific Study from the year 2015 in the subject Business economics - Miscellaneous, University of Botswana, course: Macroeconomics, language: English, abstract: Previous studies on economic growth have shown that countries that relied on exports to propel their economies have been successful in achieving robust economic growth. This study considers Botswana’s mineral exports production from 2003 Q1 to 2012 Q4 and relates each export commodity with the GDP. This study applies the Johansen co-integration test and the Granger causality test to determine the applicability of the export-led growth hypothesis for the Botswana economy. The co-integration test shows that there is long run co-movement between GDP and four of Botswana’s mineral exports namely: matte; diamonds; copper; nickel and soda ash. In addition, the Granger causality test shows that Botswana’s economy propels exports production. From these results, the study nullifies the export-led growth hypothesis and postulates that the Botswana economy rather follows the growth-driven exports hypothesis (GDE). The study further postulates recommendations and also potential areas of research.
Author: Mohsen Bahmani-Oskooee Publisher: ISBN: Category : Languages : en Pages : 16
Book Description
Numerous studies in the literature have tried to test whether export causes economic growth or economic growth causes export growth. The statistical approach has been one of applying Granger or Sims causality test to data drawn from individual country. In order to increase the power of existing tests, in this paper we pool data from 61 developing countries over 1960-1999 period and employ panel unit root tests and panel cointegration technique to establish the long rrun relationship between exports and output. Cointegration receives support in a model in which export is the dependent variable.
Author: Marjan Petreski Publisher: ISBN: Category : Languages : en Pages : 15
Book Description
The aim of this study is to empirically test the export-led growth hypothesis in the Republic of Macedonia, as small and open economy. In other words, the question trailed is whether by export promotion the country could impinge on its overall economic development. For that purpose, quarterly data for the period 1998-2006 are plugged into the production function, in which the exports variable plays dominant role, utilized in cointegration testing and vector error correction model. The core findings are supportive to the ELG in Macedonia in the short- and long-run simultaneously. Also, gross capital formation is significant in explaining growth in Macedonia.
Author: Judith A. Giles Publisher: ISBN: Category : Languages : en Pages : 0
Book Description
The economic development and growth literature contains extensive discussions on relationships between exports and economic growth. One debate centers on whether countries should promote the export sector to obtain economic growth. An abundant empirical literature on this export-led growth (ELG) hypothesis has followed. We contribute to this literature in two ways. First, we provide a comprehensive survey of more than one hundred and fifty export-growth applied papers. We describe the changes that have occurred, over the last two decades, in the methodologies used to empirically examine for relationships between exports and economic growth, and we provide information on the current findings. The last decade has seen an abundance of time series studies which focus on examining for causality via exclusions restrictions tests, impulse response function analysis and forecast error variance decompositions. Our second contribution is to examine some of these time series methods. We show that ELG results based on standard causality techniques are not typically robust to specification or method. We do this by reconsidering two export-led growth applications--Oxley's 1993 study for Portugal and Henriques and Sadorsky's 1996 analysis for Canada. Our results suggest that extreme care should be exercised when interpreting much of the applied research on the ELG hypothesis.
Author: Lilian Okpeku Publisher: ISBN: Category : Languages : en Pages : 0
Book Description
The export-led growth hypothesis states a positive relationship between the growth of exports and long-run economic growth. This study examines the validity of the export-led growth hypothesis of services exports in 5 emerging economies, including Brazil, India, Nigeria, China, and South Africa (BINCS), for the period of 1980-2019. The study employs the panel mean group autoregressive distributed lag (ARDL) procedure to identify a causal relationship between services exports and gross domestic product (GDP) per capita. The findings show that the export-led growth hypothesis in services only has a positive effect on economic growth in the short run while other variables, including foreign direct investment (FDI), gross capital formation, and labour, increase economic growth in the long run. Hence, the emerging countries should focus more on internal investment to boost growth in the long and short run.
Author: Emilio J. Medina-Smith
Author: Emilio J. Medina-Smith
Author: Jordan Shan
Author: Mpho Bosupeng
Author: Mohsen Bahmani-Oskooee
Author: Dalia Marin
Author: Boriss Siliverstovs
Author: Christian Dreger
Author: Marjan Petreski
Author: Judith A. Giles
Author: Lilian Okpeku