Export-led economic growth and the case of Brazil: An empirical research

Causality Analysis on Export and Economic Growth Nexus in Ghana

“…A study in Brazil examined the relationship between export and growth for the period 1960-2017 using annual data and found a bi-directional causality in the long run and export-led economic growth in the short run [15]. Another vi-tal study carried out tested the validity of the exports led growth hypothesis on 21 sub-Saharan African countries [26].…”

Does causality exist between exports and economic development? Evidence from selected EU countries

“…From the literature review mentioned above, the inter-linkage between exports and economic development has been and still are a subject of intensive debate amongst researchers and policymakers, with inconclusive outcomes being reached along the way. The findings of investigations have varied across the countries involved (Trošt & Bojnec, 2015;Ee, 2016;Dinc & Gokmen, 2019;Sultanuzzaman et al, 2019;Fannoun & Hassouneh, 2019;Mensah & Okyere, 2020). This research has shown that evidence exists in regard to a correlation between exports and economic development.…”

“…Some studies tend to explore the inter-linkages through the framework of neo-classical growth, revealing that exports are an essential factor promoting economic performance (Dritsaki, 2013;Trošt & Bojnec, 2015;Ee, 2016;Sultanuzzaman et al, 2019). An expansion of exports can influence higher employment levels, a greater international demand and an increase in output (Dizaji & Badri, 2014;Abdullah et al, 2017;Dinc & Gokmen, 2019). In general, exports can boost economic growth in several ways, such as the allocation of resources to competitive economic activities, generating employment opportunities for unskilled labourers, improving equality, and producing greater foreign direct investment in addition to technology transfers into the countries (Khoi & Chaudhary, 2018).…”

“…The research by Ee (2016) has indicated a long-running, positive impact in terms of exports on development in selected sub-Saharan African economies between 1985 and 2014. Analysing the Brazilian economy since the 1960s, Dinc and Gokmen (2019) have detected export-led development in the short-term and a mutual link between economic performance and exports in the long-term. Moreover, Yilmaz (2020) has revealed a causal link from exports to development in Turkish economies.…”

“…In the mid-twentieth century alone there were four different approaches developed regarding the interlinkage of exports and economic growth, namely: 1) exports-led growth; 2) growth-driven exports; 3) bidirectional causality; and 4) a neutral approach. Previous studies (Konya, 2006;Gurgul & Lach, 2010;Mishra, 2011;Tekin, 2012;Hailegiorgis, 2012;Mehmood, 2013;Dreger & Herzer, 2013;Mtaturu, 2016;Etale & Etale, 2016;Vianna, 2016;Acaravci & Shafiullah et al, 2017;Abdullah et al, 2017;Kalaitzi & Cleeve, 2017;Khoi & Chaudhary, 2018;Dinc & Gokmen, 2019;Kibria & Hossain, 2020) have revealed different aspects of exports -economic development nexus. Taking into consideration the differences in empirical results, there is a notable lack of research in EU countries that compares the results obtained across the countries in question with those of previous studies.…”