Causality between Economic Growth, Export, and External Debt Servicing: The Case of Lebanon

Saad, Wadad

doi:10.5539/ijef.v4n11p134

Cited by 28 publications

(17 citation statements)

References 27 publications

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“…Hence, exports play a vital role in promoting economic growth in the country. This result is similar to the results obtained by Tyler (1981), Balassa (1985), Krueger (1990), Singupta and Espana (1994), Shirazi and Abdul-Manap (2004), Alhajhoj (2007), Hye andBel Haj Boubaker (2011), andSaad (2012).…”

Section: Johansen Cointegration Test Resultssupporting

confidence: 92%

Determinants of Economic Growth in Syria between 1980 and 2010

Mohsen¹,

Chua

Sab

2017

EJBE

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Section: Johansen Cointegration Test Resultssupporting

confidence: 92%

Determinants of Economic Growth in Syria between 1980 and 2010

Mohsen¹,

Chua

Sab

2017

EJBE

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“…A substantial empirical literature reports evidence consistent with the ELG hypothesis, including: Mickaely (1977), Balassa (1978Balassa ( , 1985, Tyler (1981), Feder (1982, Ram (1987), Chow (1987) Giles et al (1992), Thornton (1996), Doyle (1998), Xu (1996, Erfani (1999), Balaguer (2004), Shirazi (2004), Jordaan and Eita (2007) and Saad (2012). In the context of South Africa, Rangasamy (2009) used an error correction model (ECM) and found unidirectional Granger-causality from exports to GDP.…”

Section: Introductionmentioning

confidence: 99%

Causality between Exports and Economic Growth in South Africa: Evidence from Linear and Nonlinear Tests

Ajmi¹,

Aye²,

Balcılar³

et al. 2015

jda

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This paper investigates the dynamic causal link between exports and economic growth using both linear and nonlinear Granger causality tests. We use annual South African data on real exports and real gross domestic product from 1911-2011. The linear Granger causality result shows no evidence of significant causality between exports and GDP. The relevant VAR is unstable, which undermines our confidence in the causality result identified by the linear Granger causality test. Accordingly we turn to the nonlinear methods to evaluate Granger causality between exports and GDP. First, we use Hiemstra and Jones (1994) nonlinear Granger causality test and find a unidirectional causality from GDP to exports. However, using a more powerful and less biased nonlinear test, the Diks and Panchenko (2006) test, we find evidence of significant bi-directional causality. These results highlight the risk of misleading conclusions based on the standard linear Granger causality tests which neither accounts for structural breaks nor uncover nonlinearities in the dynamic relationship between exports and GDP.JEL Classifications: C14, C32, F43, O40

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“…According to many studies see Din (2004), Afzal (2006), Saad (2012) and Abbas (2012), our model is written according to the following three systems. All variables are used in real term and transformed in logarithmic: LY t =Log(Y t ).…”

Section: 2econometric Methodologymentioning

confidence: 99%

Causality and Cointegration Between Export, Import and Economic Growth: Evidence from Morocco

Alaoui¹

2015

JWER

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Abstract:This article investigates the relationship between export, import and economic growth using annual time series data for the Moroccan economy over the period 1980-2013. The cointegration technique has been employed to see the long run equilibrium relationship among variables. For this end, Granger causality test based on vector error correction model (VECM) has been adopted to see both short and long run causality among the variables. The cointegration results confirm the existence of the long-run relationship among these variables. For the short-run causality, the findings suggest (i) bidirectional causality between economic growth and import, (ii) unidirectional causality that run from export to import, and (iii) no-directional causality between economic growth and export.

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Causality between Economic Growth, Export, and External Debt Servicing: The Case of Lebanon

Cited by 28 publications

References 27 publications

Determinants of Economic Growth in Syria between 1980 and 2010

Determinants of Economic Growth in Syria between 1980 and 2010

Causality between Exports and Economic Growth in South Africa: Evidence from Linear and Nonlinear Tests

Causality and Cointegration Between Export, Import and Economic Growth: Evidence from Morocco

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