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Export-led growth hypothesis: cointegration and causality analysis for Taiwan

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  • Bagala Biswal
  • Urvashi Dhawan

Abstract

The hypothesis of export-led growth (ELG) hypothesis is tested for Taiwan using Engle and Granger's (1987) cointegration and error correction model approaches. This study shows that total exports and GDP, as well as exports of manufactured goods and GDP are cointegrated during the post-reform period, 1960-90. This study also finds evidence of bidirectional causality, and thus concludes that, in the case of Taiwan, exports and growth mutually reinforce each other.

Suggested Citation

  • Bagala Biswal & Urvashi Dhawan, 1998. "Export-led growth hypothesis: cointegration and causality analysis for Taiwan," Applied Economics Letters, Taylor & Francis Journals, vol. 5(11), pages 699-701.
  • Handle: RePEc:taf:apeclt:v:5:y:1998:i:11:p:699-701
    DOI: 10.1080/135048598354159
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    Cited by:

    1. Aamer Abu-Qarn & Suleiman Abu-Bader, 2004. "The validity of the ELG hypothesis in the MENA region: cointegration and error correction model analysis," Applied Economics, Taylor & Francis Journals, vol. 36(15), pages 1685-1695.
    2. Sumie Sato & Mototsugu Fukushige, 2007. "The End of Import-Led Growth? North Korean Evidence," Discussion Papers in Economics and Business 07-38, Osaka University, Graduate School of Economics and Osaka School of International Public Policy (OSIPP).
    3. László Kónya & Jai Pal Singh, 2007. "Causality between Indian Exports, Imports, and Agricultural, Manufacturing GDP," Working Papers 2007.02, School of Economics, La Trobe University.
    4. Bilas Vlatka & Franc Sanja & Bošnjak Mile, 2015. "Examining the Export-led Growth Hypothesis: The case of Croatia," Naše gospodarstvo/Our economy, De Gruyter Open, vol. 61(3), pages 22-31, June.
    5. Sato, Sumie & Fukushige, Mototsugu, 2011. "The North Korean economy: Escape from import-led growth," Journal of Asian Economics, Elsevier, vol. 22(1), pages 76-83, February.
    6. Saten Kumar, 2011. "Estimating export demand equations in selected Asian countries," Journal of Chinese Economic and Foreign Trade Studies, Emerald Group Publishing, vol. 4(1), pages 5-16, February.
    7. Harrison, Ann & Rodríguez-Clare, Andrés, 2010. "Trade, Foreign Investment, and Industrial Policy for Developing Countries," Handbook of Development Economics, Elsevier.

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