On the Causality Between Export Growth and GDP Growth PDF Download
Are you looking for read ebook online? Search for your book and save it on your Kindle device, PC, phones or tablets. Download On the Causality Between Export Growth and GDP Growth PDF full book. Access full book title On the Causality Between Export Growth and GDP Growth by Zhenhui Xu. Download full books in PDF and EPUB format.
Author: Zhenhui Xu
Publisher:
ISBN:
Category :
Languages : en
Pages : 0
Get Book Here
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.
Author: Zhenhui Xu
Publisher:
ISBN:
Category :
Languages : en
Pages : 0
Get Book Here
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.
Author: Sheila A Gutierrez de Pineres
Publisher: Routledge
ISBN: 1351786008
Category : Social Science
Languages : en
Pages : 192
Get Book Here
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: Gary Gang Tian
Publisher:
ISBN:
Category :
Languages : en
Pages : 18
Get Book Here
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.
Author: Steven Durlauf
Publisher: Springer Science & Business Media
ISBN: 3642612113
Category : Business & Economics
Languages : en
Pages : 204
Get Book Here
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.
Author: Emilio J. Medina-Smith
Publisher: United Nations Conference on Trade and Development
ISBN:
Category : Business & Economics
Languages : en
Pages : 64
Get Book Here
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: Saita Fujiga
Publisher:
ISBN:
Category : Foreign trade promotion
Languages : en
Pages : 26
Get Book Here
Book Description
Author: Ebrima K. Ceesay
Publisher: GRIN Verlag
ISBN: 3668649448
Category : Business & Economics
Languages : en
Pages : 40
Get Book Here
Book Description
Research Paper (undergraduate) from the year 2017 in the subject Business economics - Trade and Distribution, grade: 76.0, University of The Gambia (University of the Gambia), course: Economics, language: English, abstract: The study examined the general impact of trade on economic growth in the Gambia from 1965 to 2016. Accordingly we have done three analyses in order to get appropriate answers to our research problems. We performed some econometric methods such as Augmented Dickey Fuller test, Johansen co-integration test and vector error correction model. The findings of the stationery test shows the present of unit root. The OLS regression results shows that import, interest rate, real effective exchange rate, and inflation are positively correlated with GDP, while export is negatively correlated with GDP. The result shows that GDP lag, import, and real effective exchange rate can not influence economic growth while export, interest rate, and inflation can highly influence economic growth of the Gambia, even though export negatively influence economic of the Gambia. This positive relationship suggests that the economy of the Gambia can potentially be expanded by means of trade, while the negative relationship means that it has no bearing on the economic growth of the Gambia, From the overall analysis, it is revealed that the variables included in the model have a 50% influence on economic growth while the remaining 50% constitute variables not included in the model. This implies that (a) Trade has an impact on economic growth of the Gambia. (b) Trade is a robust determinant of economic growth in the Gambia even though that there is still room for research on the impact of trade on economic growth in the Gambia. (c) The effect of trade and extent of the market on growth is a recurring issue in the world of economics. This study recommends that if the Gambia economic growth is to be increased, then policymakers should came up with strategies that encourage more imports, reduce interest rate, and maintain a stable exchange rate and inflation rate in the Gambia. The negative sign of export means policymakers should pay less attention to export.
Author: Gurmeet Singh
Publisher:
ISBN:
Category :
Languages : en
Pages : 16
Get Book Here
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.
Author: Bela Balassa
Publisher:
ISBN:
Category : Commercial products
Languages : en
Pages : 82
Get Book Here
Book Description
Author: Danda Pani Paudel
Publisher:
ISBN:
Category : Exports
Languages : en
Pages : 28
Get Book Here
Book Description
