Testing the export-led growth hypothesis: evidence from Jordan
The purpose of this study is to empirically investigate the export-led growth hypothesis in Jordan over the period 1976-1997. The empirical results from three bivariate models of VAR-L, VAR-D and ECM indicate a unidirectional causation from exports to output. These findings lend support to the export-oriented growth strategy pursued by Jordan. In promoting faster economic growth, such government institutions as Free Zones Corporations, Jordan Investment Board and Jordan Export Development Corporation should continue pursuing their mission in attracting foreign investments and boosting exports.
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Volume (Year): 11 (2004)
Issue (Month): 6 ()
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"Cointegration: how short is the long run?,"
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- A. F. Darrat & M. K. Hsu & M. Zhong, 2000. "Testing export exogeneity in Taiwan: further evidence," Applied Economics Letters, Taylor & Francis Journals, vol. 7(9), pages 563-567.
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- Epaminondas Panas & George Vamvoukas, 2002. "Further evidence on the Export-Led Growth Hypothesis," Applied Economics Letters, Taylor & Francis Journals, vol. 9(11), pages 731-735.
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