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Relationship of Foreign Trade and Economic Growth in Eurasian Economy: Panel Data Analysis

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  • Nazife Ozge Kilic
  • Murat Beser

Abstract

In this study, relationship between foreign trade and economic growth had been examined for the countries of Eurasia Economic Union by using data in era of 1992-2015 with the help of panel data analysis. First of all, cross-sectional dependency and homogeneity test had been done in the study and it had been concluded that there is cross-sectional dependency in between the series. For this purpose, unit root and causality test considering the cross-sectional dependency had been applied. Relationship between the variables had been analyzed with the panel causality test developed by Konya (2006). It had been determined that there is bi-directional causality from growth to export and unidirectional causality from growth to import.

Suggested Citation

  • Nazife Ozge Kilic & Murat Beser, 2017. "Relationship of Foreign Trade and Economic Growth in Eurasian Economy: Panel Data Analysis," International Journal of Economics and Finance, Canadian Center of Science and Education, vol. 9(9), pages 1-7, September.
    • Handle: RePEc:ibn:ijefaa:v:9:y:2017:i:9:p:1-7
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    References listed on IDEAS

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    Cited by:

    1. Sayef Bakari, 2017. "The Three-Way Linkages Between Export, Import And Economic Growth: New Evidence From Tunisia," Journal of Smart Economic Growth, , vol. 2(3), pages 13-53, December.
    2. Effat Ara Easmin Lucky & Md. Mahadi Hasan Sany & Mumenunnesa Keya & Md. Moshiur Rahaman & Umme Habiba Happy & Sharun Akter Khushbu & Md. Arid Hasan, 2022. "Simulating Using Deep Learning The World Trade Forecasting of Export-Import Exchange Rate Convergence Factor During COVID-19," Papers 2201.12291, arXiv.org.

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    More about this item

    Keywords

    import; export; panel bootstrap causality test; Eurasian Economic Union; economic growth;
    All these keywords.

    JEL classification:

    • R00 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General - - - General
    • Z0 - Other Special Topics - - General

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