Export-led growth hypothesis: some empirical testing
The hypothesis of export-led growth is tested using annual time series data for Australia. The analysis reveals that both exports and the GDP series in log levels have unit roots but they do not cointegrate. However, there is evidence of Granger causality running from exports to GDP growth implying that expansion of exports promotes economic growth in Australia.
Volume (Year): 2 (1995)
Issue (Month): 6 ()
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