Export-led growth and the US economy: some further testing
The export-led growth hypothesis is tested using quarterly time series data for the US economy using the Granger no-causality procedure, developed by Toda and Yamamoto (Journal of Economics, 66, 1995), in a six-variable vector autoregression (VAR) model. Moreover, we follow Riezman, Whiteman and Summers (Empirical Economics, 21, 1996) to test the export-led growth hypothesis while controlling for the growth of imports to avoid producing a spurious causality result; and finally, the empirical results are tested for the robustness using different lag structures. The findings in the paper indicate a two-way Granger causality between output and exports, a result from earlier export-growth studies on the US economy.
Volume (Year): 6 (1999)
Issue (Month): 3 ()
|Contact details of provider:|| Web page: http://www.tandfonline.com/RAEL20 |
|Order Information:||Web: http://www.tandfonline.com/pricing/journal/RAEL20|
When requesting a correction, please mention this item's handle: RePEc:taf:apeclt:v:6:y:1999:i:3:p:169-172. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Michael McNulty)
If references are entirely missing, you can add them using this form.