Author : Emilio J. Medina-Smith
Publisher : United Nations Conference on Trade and Development
Page : 64 pages
File Size : 47,5 MB
Release : 2001
Category : Business & Economics
ISBN :
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
Page : 35 pages
File Size : 18,31 MB
Release : 2015-05-13
Category : Business & Economics
ISBN : 3656960399
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 : Marjan Petreski
Publisher :
Page : 15 pages
File Size : 35,4 MB
Release : 2007
Category :
ISBN :
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 : Mohsen Bahmani-Oskooee
Publisher :
Page : 16 pages
File Size : 15,24 MB
Release : 2020
Category :
ISBN :
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 : Jighyasu Gaur
Publisher :
Page : 0 pages
File Size : 34,52 MB
Release : 2010
Category :
ISBN :
The export-led growth and growth-driven exports are two different views which has been a debate in literature for so long. On one hand the scholars like Michaely (1977), Feder (1982) support Export-led growth and on the other hand we have scholars like Bhagwati (1978), and Kunst & Marin (1989) who talk about growth-driven exports. Several researches have been conducted on these hypotheses taking different countries under study. This paper aims to investigate the export-led hypothesis for India the second largest economy of Asia. The study also intends to do a comparative analysis of GDP growth in pre and post liberalization era which has not been explored before. Granger's causality test has been used to test ELG hypothesis and Dummy variable regression has been used to compare whether there is any structural change exist between pre- and post-liberalization era. The Granger's causality test results show that causality runs one way from Exports to GDP which supports exports-led growth. Dummy variable regression results suggest that there exists a structural change between pre- and post-liberalization era.
Author : Dalia Marin
Publisher :
Page : 40 pages
File Size : 39,92 MB
Release : 1989
Category : Econometric models
ISBN :
Author : Dalia Marin
Publisher :
Page : 48 pages
File Size : 36,74 MB
Release : 1989
Category : Economic development
ISBN :
Author : N'Guessan Zambé Serge Constant
Publisher :
Page : 0 pages
File Size : 41,44 MB
Release : 2014
Category :
ISBN :
This paper re-examine the export-led growth hypothesis for Cote d'Ivoire using the Bounds test analysis: unrestricted error correction model (UECM) for the period 1980-2007. Based on the model, exports, labor force and economic liberalization policies have stimulated economic growth, whereas, imports and exchange rate negatively impacted on economic growth. The results indicate that there exists a long -term relationship between economic growth and its determinants in our model. In addition, the VAR Granger/Block-exogeneity Wald tests reveal an evidence of bi-directional causality between exports and economic growth. Thus findings have important messages for policy makers given that export sector dominance in Cote d'Ivoire economy.
Author : Gary Gang Tian
Publisher :
Page : 18 pages
File Size : 48,6 MB
Release : 2014
Category :
ISBN :
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 : Raymond Glenn Riezman
Publisher :
Page : 64 pages
File Size : 32,39 MB
Release : 1993
Category :
ISBN :
