Export composition and economic growth: Cointegration and causality evidence for India

ASEAN4 prospective of export-led economic growth

“…By adopting a more recent econometric technique known as Bound test, we proposed our model to investigate the lead of trade and development theory to justify the hypothesis of export led growth. This paper extends the study made by the previous paper (Ghatak and Price, 1997;Keong et al (2003) and Zulkornain et. al (2005) by including more relevant determining variables such as labor (LL), capital (CP), exchange rate (EXR), import (M) and export (X).…”

“…As a summary, based on the findings of the short run causality test, we concluded that the hypothesis of export-led growth is still valid in the Malaysian economy as there appeared to be a positive relationship and short run causality running from the exports to growth. This study is consistent with the previous studies done by Shah and Yusoff (1990), Ghatak and Price (1997), Khalafalla and Webb (2001), and Choong et. al.…”

“…al (2005) applied a more comprehensive sample period and bound testing approach in examining the relationship between growth and exports for Malaysia. It is found that cointegration relationship exists between exports and economic growth in long run which is accordance to Ghatak and Price (1997). The results of ARDL indicates exports and labour force have positive impact on economic growth while imports, exchange rate and the proxy of the financial crisis, have negative influence on growth.…”

“…Studies on economic growth have been conducted on the economies of developing countries using either crosssection or time serries analysis.Nevertheless, the empirical evidence has been rather mixed. While some studies support a causal linkage between export and economic growth (Ghatak et al, 1997;Rahman and Mustafa, 1997;Mah, 2005), others failed to support the existence of a significant relationship between the two variables (Edwards, 1993;Shan et al, 1998;Richards, 2001). The more recent studies found out that there exist nonlinearity relationship between export and growth (Awokuse, 2008;Lim et al, 2010).…”

Geni̇şleyen Bi̇r Avrupa’da Ülke Spesi̇fi̇k Yakinsama Davranişi

“…We assume that trade could be the engine of economic growth; although some argue that causality could be bi-directional (Ghatak and Wheatley-Price, 1996). Trade is also important, because a higher degree of integration with the world market means higher level of technology.…”