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Some Evidence on the Export-Led Growth Hypothesis for Ireland

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  • Stilianos Fountas

    (Department of Economics, National University of Ireland, Galway)

Abstract

The 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 Info

Paper provided by National University of Ireland Galway, Department of Economics in its series Working Papers with number 08.

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Length: 11
Date of creation: 1995
Date of revision: 1995
Publication status: Published in Applied Economics Letters, Vol. 7, No. 4, pp. 211-214, 2000
Handle: RePEc:nig:wpaper:0008

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Cited by:
  1. 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.
  2. Muhammad Shahbaz & Pervaz Azim & Khalil Ahmad, 2011. "Exports-Led Growth Hypothesis in Pakistan: Further Evidence," Asian Economic and Financial Review, Asian Economic and Social Society, vol. 1(3), pages 182-197, September.
  3. Akmal, Muhammad Shahbaz & Ahmad, Khalil & Ali, Muhammad, 2009. "Exports-Led Growth Hypothesis in Pakistan: Further Evidence," MPRA Paper 16043, University Library of Munich, Germany.

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