Exports And Economic Growth A Re-Examination Of The Causality Relation In Six Countries, 1981-2005
AbstractThe paper argues that, in most cases, causality runs from economic growth to export growth. To support this argument, we start by examining the evidence on causality in the empirical studies done on this subject. Then we empirically test the direction of causation between exports and economic growth using Granger’s causality test on time-series data of six countries (Brazil, India, Indonesia, South Korea, Mexico and Thailand). The test reveals that; out of the six cases, the direction of causality can be inferred in two cases; one from growth to exports, the other from exports to growth. Finally we consider the early experiences of the developed countries, and the role of the internal supply factors that determine the supply of output including that of exports.
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Bibliographic InfoArticle provided by Euro-American Association of Economic Development in its journal Applied Econometrics and International Development.
Volume (Year): 8 (2008)
Issue (Month): 2 ()
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Web page: http://www.usc.es/economet/eaa.htm
Find related papers by JEL classification:
- F19 - International Economics - - Trade - - - Other
- O19 - Economic Development, Technological Change, and Growth - - Economic Development - - - International Linkages to Development; Role of International Organizations
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- Balassa, Bela, 1978. "Exports and economic growth : Further evidence," Journal of Development Economics, Elsevier, vol. 5(2), pages 181-189, June.
- K. A. Al Mamun & H. K. Nath, 2005. "Export-led growth in Bangladesh: a time series analysis," Applied Economics Letters, Taylor and Francis Journals, vol. 12(6), pages 361-364.
- Bahmani-Oskooee, Mohsen & Mohtadi, Hamid & Shabsigh, Ghiath, 1991. "Exports, growth and causality in LDCs : A re-examination," Journal of Development Economics, Elsevier, vol. 36(2), pages 405-415, October.
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