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‘Export Led Growth’ x ‘Growth Led Exports’: What Matters for the Brazilian Growth Experience after Trade Liberalization?

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  • Araujo, Ricardo Azevedo
  • Soares, Cristiane

Abstract

In this paper we study the Brazilian growth experience after trade liberalization by testing both the Export Led Growth (ELG) and the Growth Led Exports (GLE) hypotheses through a causality test between exports and gross domestic output (GDP). The paper provides further evidence that after openness both ELG and GLE hypotheses are useful to explain the Brazilian growth experience.

Suggested Citation

  • Araujo, Ricardo Azevedo & Soares, Cristiane, 2011. "‘Export Led Growth’ x ‘Growth Led Exports’: What Matters for the Brazilian Growth Experience after Trade Liberalization?," MPRA Paper 30562, University Library of Munich, Germany.
  • Handle: RePEc:pra:mprapa:30562
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    More about this item

    Keywords

    Export led growth; Growth Led Exports; Thirlwall’s law; Granger causality test.;
    All these keywords.

    JEL classification:

    • O41 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - One, Two, and Multisector Growth Models
    • O24 - Economic Development, Innovation, Technological Change, and Growth - - Development Planning and Policy - - - Trade Policy; Factor Movement; Foreign Exchange Policy

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