Exports as an engine for the economic growth: the case of Romania
This paper explores the dynamic relation between the exports and the gross domestic product from Romania. We employ the Johansen cointegration procedure and the Granger causality test to identify the interactions between the two variables. We find no cointegration but a unidirectional causality from exports to gross domestic product. We conclude the implementation of an export promotion strategy could be a solution for the Romanian national economy to surpass the actual severe recession.
|Date of creation:||04 May 2010|
|Date of revision:||10 Feb 2012|
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Web page: https://mpra.ub.uni-muenchen.de
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0342, Econometric Society.
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"Test Procedures for Unit Roots in Time Series with Level Shifts at Unknown Time,"
Oxford Bulletin of Economics and Statistics,
Department of Economics, University of Oxford, vol. 65(1), pages 91-115, February.
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