A Further Examination of the Export-led Growth Hypothesis PDF Download
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Author: Christian Dreger
Publisher:
ISBN:
Category : Economic development
Languages : en
Pages : 40
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Author: Christian Dreger
Publisher:
ISBN:
Category : Economic development
Languages : en
Pages : 40
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Author: Mpho Bosupeng
Publisher: GRIN Verlag
ISBN: 9783656960409
Category :
Languages : en
Pages : 36
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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: Md. Zulquar Nain
Publisher:
ISBN:
Category :
Languages : en
Pages : 0
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This paper seeks to re-examine the export-led growth hypothesis in India using the quarterly data for the period 1996 to 2009. It uses Granger causality test (Toda and Yamamoto, 1995) and forecast error variance decomposition (within VAR framework) to investigate the interrelationship among exports, imports, real effective exchange rate, and economic growth in the short run as well as long run. The results of the study do not support the export-led growth hypothesis, rather it supports the growth-led export hypothesis.
Author: Emilio J. Medina-Smith
Publisher: United Nations Conference on Trade and Development
ISBN:
Category : Business & Economics
Languages : en
Pages : 64
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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: Jordan Shan
Publisher:
ISBN: 9781875338931
Category : China
Languages : en
Pages : 32
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Author: Raymond Glenn Riezman
Publisher:
ISBN:
Category :
Languages : en
Pages : 64
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Author: Isabel Cortés-Jiménez
Publisher:
ISBN:
Category :
Languages : en
Pages : 0
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Nowadays many developing countries focus on economic policies for promoting international tourism and exports expansion as a potential source of economic growth of the country. However, the understanding of the relationship between exports and economic growth is still ongoing. When treating the relationship between tourism and economic growth, considering tourism as a non-traditional export few studies have been published to date. This paper has the objective to assess if exports and tourism have really promoted growth by means of the export-led growth hypothesis (ELGH) and the tourism-led growth hypothesis (TLGH). The cases under analysis are Spain and Italy, two of the most important countries worldwide regarding the expansion of tourism. Cointegration techniques and the multivariate Granger causality test are applied. Results reveal that exports cause economic growth in the long-term for both countries, whilst only for Spain tourism appears as a factor which influences economic growth in the long-run.
Author: Dalia Marin
Publisher:
ISBN:
Category : Econometric models
Languages : en
Pages : 40
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Author: Messay Legesse
Publisher:
ISBN:
Category :
Languages : en
Pages : 94
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This paper examined the Export led Growth Hypothesis for Ethiopia for the period from 1980-2007. It build up on the Riezman et al. (1996) model to investigate the relationship between exports and GDP growth using a relatively recent data set and deployed advanced methods of time series econometric analysis involving the Augmented Dickey Fuller (ADF ) Stationarity Test, the Johansen's Cointegration Procedure , Error Correction Model (ECM) and the granger's causality test. The empirical findings have shown that the Export led Growth is valid for Ethiopia in a particular case, only the long run. Exports granger cause GDP growth, asserting the unidirectional relationship running from export to GDP growth as postulated by the ELG hypothesis. The study finally winded up by suggesting policy recommendations that will further boast the capacity of the sector vis-à-vis volume , value , composition and destination of exports so to exploit the immense growth potential from the sector and thus achieve the upper hierarchical goals of rapid economic growth and sustainable development.
Author: Steven Durlauf
Publisher: Springer Science & Business Media
ISBN: 3642612113
Category : Business & Economics
Languages : en
Pages : 204
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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.
