EXPORT LED GROWTH vs. GROWTH LED EXPORTS: LDCs EXPERIENCE
Bahmani-Oskooee, Mohsen, The Journal of Developing Areas
Previous studies that investigated the export led growth hypothesis, relied upon Granger or Sims causality detection approach. Since these approaches employ first differenced variables, any inference could be short-run in nature. In this paper we consider the relation between exports and economic growth to be a long-run phenomenon. After applying Johansen's cointegration technique to establish the long-run relationship between exports and output (in presence of other factors), we rely upon weak exogeneity tests proposed by Johansen to establish exogeneity of exports or output. Annual data over 1960-99 period from 61 countries are used for analysis. The results are country …
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Publication information: Article title: EXPORT LED GROWTH vs. GROWTH LED EXPORTS: LDCs EXPERIENCE. Contributors: Bahmani-Oskooee, Mohsen - Author. Journal title: The Journal of Developing Areas. Volume: 42. Issue: 2 Publication date: Spring 2009. Page number: 179+. © Journal of Developing Areas Fall 2008. Provided by ProQuest LLC. All Rights Reserved.
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