Some Evidence on the Export-Led Growth Hypothesis for Ireland
AbstractThe objective of this paper is to test for the export-led growth hypothesis in Ireland over the last 40 years using the modern econometric analysis of non-stationary time series. We find that over the 1950--1990 period there is no long-run relationship between real GDP and export volume and no evidence for the export-led growth hypothesis either. The analysis of the more recent 1981--1994 period provides strong evidence in favour of a long-run relationship between industrial production and export volume and Granger-causality from exports to output. These results support the export-led growth hypothesis over the last fifteen years and highlight the importance of export-promoting policies.
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Bibliographic InfoPaper provided by National University of Ireland Galway, Department of Economics in its series Working Papers with number 08.
Date of creation: 1995
Date of revision: 1995
Publication status: Published in Applied Economics Letters, Vol. 7, No. 4, pp. 211-214, 2000
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Other versions of this item:
- Stilianos Fountas, 2000. "Some evidence on the export-led growth hypothesis for Ireland," Applied Economics Letters, Taylor and Francis Journals, vol. 7(4), pages 211-214.
- F1 - International Economics - - Trade
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- Halicioglu, Ferda, 2007.
"A Multivariate Causality Analysis of Export and Growth for Turkey,"
3565, 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.
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