Export-led growth and the US economy: another look
The hypothesis of export-led growth for the US economy is tested. A six-variable vector autoregressive (VAR) model is constructed to balance various possible offsetting impacts on exports and output. Based on the VAR techniques, no significant causal impacts are found between exports and output. This suggests that export expansion is neutral with respect to the growth of the US economy.
Volume (Year): 3 (1996)
Issue (Month): 5 ()
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