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On the Causality Between Export Growth and GDP Growth: An Empirical Re-investigation
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In this paper, the authors re-examine the direction of causation by handling properly two important issues in causality tests: the characteristics of the data, and the choice of optimal lags.Abstract:
Although conventional wisdom suggests that export growth contributes positively to economic growth, empirical studies on the causal links between exports and output have provided little support for the export-led growth hypothesis. This paper re-examines the direction of causation by handling properly two important issues in causality tests: the characteristics of the data, and the choice of optimal lags. The results of this study show that in a sample of thirty-two economies, the export-led growth hypothesis is supported by seventeen economies and is strongly supported by nine economies.read more
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Trade openness and economic growth: is growth export-led or import-led?
TL;DR: This paper examined the relationship between trade and economic growth in Argentina, Colombia, and Peru with emphasis on both the role of exports and imports, and found that the singular focus on exports as the engine of growth may be misleading.
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Small sample evidence on the tourism-led growth hypothesis in Lebanon.
Chor Foon Tang,Salah Abosedra +1 more
TL;DR: In this paper, the authors investigated the contribution of tourism to economic growth in Lebanon for the time period of 1995-2010, applying the bounds testing approach to cointegration and Granger causality tests.
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Human Capital, Exports, and Economic Growth: A Causality Analysis for Taiwan, 1952-1995
TL;DR: In this article, the causal relationship among human capital accumulation, exports, and economic growth using data pertaining to Taiwan's real GDP, real exports and higher education attainment over the period 1952-95.
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Exports and Economic Growth Nexus: The Case of Pakistan
TL;DR: The theoretical association between trade and economic growth has been discussed for over two centuries as mentioned in this paper. But controversy still persists regarding their real effects, and controversy still persist regarding the real effects of trade policies.
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Exports, Imports, and Economic Growth in South Asia: Evidence Using a Multivariate Time-series Framework
TL;DR: In this paper, the authors examined the export-led growth hypothesis for the five largest economies of the South Asian region using a multivariate time-series framework and found that there is a bi-directional causality between exports and output growth in Bangladesh, India, and Sri Lanka in the short-run.