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Econometric Analysis of the Export-led Growth Hypothesis: Evidence for BIMP-EAGA Countries

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  • Furuoka, Fumitaka Author_Email:

Abstract

This paper employs several econometric methods to test the validity of the "export-led growth" hypothesis in three BIMP-EAGA countries, i.e., the Philippines, Indonesia, and Malaysia. Firstly, the study uses Johansen cointegration test and Granger causality test to examine the relationship between export and gross domestic product (GDP) in each of these countries. Secondly, panel unit root test and panel cointegration test are used to examine the relationship between the variables in these three BIMP-EAGA countries as a whole. The econometric tests of the individual countries indicate that there has been no significant relationship between the size of national income and the amount of export in each of these countries. The panel data analysis produces a similar result.

Suggested Citation

  • Furuoka, Fumitaka Author_Email:, "undated". "Econometric Analysis of the Export-led Growth Hypothesis: Evidence for BIMP-EAGA Countries," Philippine Journal of Development pjd_2007_vol__xxxiv_no__2, Philippine Institute for Development Studies.
    • Handle: RePEc:phd:pjdevt:pjd_2007_vol__xxxiv_no__2-b
    DOI: https://doi.org/10.62986/pjd2007.34.2b
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    References listed on IDEAS

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    Cited by:

    1. Agustiar, Memet, 2013. "Structural Transformation in West Kalimantan Towards ASEAN Economic Community 2015," MPRA Paper 66552, University Library of Munich, Germany, revised Apr 2013.
    2. repec:uii:journl:v:5:y:2013:i:1:p:69-79 is not listed on IDEAS
    3. Sigit Setiawan, 2017. "Middle Income Trap and Infrastructure issues In Indonesia: A Strategic Perspective," International Journal of Economics and Financial Issues, Econjournals, vol. 7(4), pages 42-48.
    4. Fatma Zeren & Burcu Kilinc Savrul, 2013. "Revisited Export-Led Growth Hypothesis For Selected European Countries: A Panel Hidden Cointegration Approach," Istanbul University Econometrics and Statistics e-Journal, Department of Econometrics, Faculty of Economics, Istanbul University, vol. 18(1), pages 134-151, May.
    5. Richard Ballester & Joy Sinay, 2013. "An empirical analysis of the export-led growth (ELG) hypothesis in the Philippines," Philippine Review of Economics, University of the Philippines School of Economics and Philippine Economic Society, vol. 50(1), pages 83-110, June.

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