Cointegration and causality in the exports-GDP nexus: The post-war evidence for Canada
This paper tests for unit roots, cointegration, and Granger-causality in the exports-GDP nexus in Canada 1947-96, using both bivariate and trivariate models. Contrary to previous studies we cannot conclude that economic growth is either export-led, or output-driven, but rather that strong bi-directional causality exists between Canadian exports and GDP, and the GDP of its main trading partner, the United States.
Volume (Year): 25 (2000)
Issue (Month): 1 ()
|Note:||received: April 1998/final version received: March 1999|
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|Order Information:||Web: http://www.springer.com/economics/econometrics/journal/181/PS2|