Exports, economic growth and causality in Korea
AbstractUsing recent developments in econometric techniques, this article re-examines the export-led growth (ELG) hypothesis for Korea over 1963-2001. The Granger-causality tests was based on two testing approaches: vector error correction modelling (VECM) approach outlined in Toda and Philips; and the augmented levels VAR modelling with integrated and cointegrated processes (of arbitrary orders) separately introduced by Toda and Yamamoto (1995) and Dolado and Lutkepohl (1996). Empirical evidence from causality tests based on the two alternative approaches indicates that the causal link between real exports and real GDP growth is bi-directional. Additional determinants of growth are also found to be significant.
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
Bibliographic InfoArticle provided by Taylor and Francis Journals in its journal Applied Economics Letters.
Volume (Year): 12 (2005)
Issue (Month): 11 ()
Contact details of provider:
Web page: http://www.tandf.co.uk/journals/routledge/13504851.html
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Titus O. Awokuse, 2003.
"Is the export-led growth hypothesis valid for Canada?,"
Canadian Journal of Economics,
Canadian Economics Association, vol. 36(1), pages 126-136, February.
- Awokuse, Titus O., 2002. "Is The Export-Lead Growth Hypothesis Valid For Canada?," Staff Papers 15823, University of Delaware, Department of Food and Resource Economics.
- Chow, Peter C. Y., 1987. "Causality between export growth and industrial development : Empirial evidence from the NICs," Journal of Development Economics, Elsevier, vol. 26(1), pages 55-63, June.
- Jordan Shan & Fiona Sun, 1998. "Export-led growth hypothesis for Australia: an empirical re-investigation," Applied Economics Letters, Taylor and Francis Journals, vol. 5(7), pages 423-428.
- Balassa, Bela, 1978. "Exports and economic growth : Further evidence," Journal of Development Economics, Elsevier, vol. 5(2), pages 181-189, June.
- Sovannroeun Samreth, 2010. "A Note on Short-Run and Long-Run Relationships between Parallel and Official Exchange Rates: The Case of Cambodia," Economics Bulletin, AccessEcon, vol. 30(2), pages 1044-1053.
- Johannes Fedderke & J.M. Luiz & R.H. J. de Kadt, 2005.
"Using Fractionalization Indexes: deriving methodological principles for growth studies from time series evidence,"
05, Economic Research Southern Africa.
- Johannes Fedderke & John Luiz & Raphael Kadt, 2008. "Using fractionalization indexes: deriving methodological principles for growth studies from time series evidence," Social Indicators Research, Springer, vol. 85(2), pages 257-278, January.
- Lee, Seung-Hyun & Beamish, Paul W. & Lee, Ho-Uk & Park, Jong-Hun, 2009. "Strategic choice during economic crisis: Domestic market position, organizational capabilities and export flexibility," Journal of World Business, Elsevier, vol. 44(1), pages 1-15, January.
- Qazi Muhammad Adnan Hye, 2012. "Exports, imports and economic growth in China: an ARDL analysis," Journal of Chinese Economic and Foreign Trade Studies, Emerald Group Publishing, vol. 5(1), pages 42-55, February.
- Isabel Cortes-Jimenez & Manuela Pulina, 2006. "Tourism and Growth: Evidence for Spain and Italy," ERSA conference papers ersa06p128, European Regional Science Association.
- Fugarolas, Guadalupe & Mañalich, Isis & Matesanz, David, 2007. "Are Exports Causing Growth? Evidence On International Trade Expansion In Cuba, 1960-2004," MPRA Paper 6323, University Library of Munich, Germany.
- Ferda Halicioglu, 2007.
"A Multivariate Causality Analysis of Export and Growth for Turkey,"
EERI Research Paper Series
EERI_RP_2007_05, Economics and Econometrics Research Institute (EERI), Brussels.
- Halicioglu, Ferda, 2007. "A Multivariate Causality Analysis of Export and Growth for Turkey," MPRA Paper 3565, University Library of Munich, Germany.
- Shiok Ye Lim & Ricky Chee-Jiun Chia & Chong Mun Ho, 2010. "Long-run Validity of Export-Led Growth: An Empirical Reinvestigation from Linear and Nonlinear Cointegration Test," Economics Bulletin, AccessEcon, vol. 30(2), pages 1182-1190.
- Sato, Sumie & Fukushige, Mototsugu, 2011. "The North Korean economy: Escape from import-led growth," Journal of Asian Economics, Elsevier, vol. 22(1), pages 76-83, February.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Michael McNulty).
If references are entirely missing, you can add them using this form.