Using Time Series Analysis to Predict U.S. Service Exports

White, David S.; Ariguzo, Godwin; Curran, Catharine M.

doi:10.1080/15332969.2013.770706

Cited by 4 publications

(2 citation statements)

References 23 publications

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“…3) Almost all the economies in the world are in the process of transformation through the stage of economic development; hence, countries will transform towards the services based economies. This will lead to increasing the importance of services in international trade [19], services, previously traded domestically, now increasingly being delivered from abroad [20]. Because of growing importance of services in global trade, the WTO has considered the services in its policy agenda by creating General Agreement on Trade in Services (GATS) in 1995 2 [21].…”

Section: Introductionmentioning

confidence: 99%

Services Exports and Economic Growth in Sri Lanka: <i>Does the Export-Led Growth Hypothesis Hold for Services Exports?</i>

Priyankara¹

2018

JSSM

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Export-led growth hypothesis (ELGH) claims that there is a positive relationship between exports and long-run economic growth. This research study tests the ELGH in the case of services exports analyzing annual time series data from 1984 to 2013 in Sri Lanka. The study employs Granger no-causality procedure developed by Toda and Yamamoto in a vector autoregressive model (VAR) to identify the causality relationship between services exports and GDP. The findings indicate that unidirectional causality is running from services exports to economic growth in Sri Lanka. Therefore, ELGH holds for services exports of Sri Lanka. The results are remained unchanged in the different lag structures and order of integration. Hence, policies to encourage services exports could be of an important driver of Sri Lanka's long-run economic growth.

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Section: Introductionmentioning

confidence: 99%

Services Exports and Economic Growth in Sri Lanka: <i>Does the Export-Led Growth Hypothesis Hold for Services Exports?</i>

Priyankara¹

2018

JSSM

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“…Further, trade in commercial services have been reached to 20% of global trade in goods and services (WTO, 2014). White et al (2013) showed that convincing the economic transformation process; there is more space for the growth of SEXP. Javalgi and White (2002) and Samiee (1999) pointed out that services trade in the global market performs better than merchandise exports (MERXP).…”

Section: Introductionmentioning

confidence: 99%

Services Exports and Economic Growth in Sri Lanka: An Anatomy of GDP Components

Priyankara¹

2018

(GJEB)

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This study examines the causality relationship not only between services exports and overall GDP but also between services exports and GDP components, using annual time series data of Sri Lanka from 1981 to 2013. The results show that (1) export-led growth hypothesis holds for services exports of Sri Lanka, and (2) there exist unidirectional causality from services exports to household consumption, feedback effect of services exports on the gross capital formation and unidirectional causality from government expenditure to services exports. The causality channel of services exports causing economic growth via gross capital formation is empirically supporting current economic growth theory. Therefore, a successful and sustained economic growth for Sri Lanka needs more allocation of earning from services exports towards the gross capital formation.

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Regional Competition in the International Market for Services: A Shift-Share Analysis

Oyewole

2016

Journal of Global Marketing

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Using Time Series Analysis to Predict U.S. Service Exports

Cited by 4 publications

References 23 publications

Services Exports and Economic Growth in Sri Lanka: <i>Does the Export-Led Growth Hypothesis Hold for Services Exports?</i>

Services Exports and Economic Growth in Sri Lanka: <i>Does the Export-Led Growth Hypothesis Hold for Services Exports?</i>

Services Exports and Economic Growth in Sri Lanka: An Anatomy of GDP Components

Regional Competition in the International Market for Services: A Shift-Share Analysis

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Using Time Series Analysis to Predict U.S. Service Exports

Cited by 4 publications

References 23 publications

Services Exports and Economic Growth in Sri Lanka: &lt;i&gt;Does the Export-Led Growth Hypothesis Hold for Services Exports?&lt;/i&gt;

Services Exports and Economic Growth in Sri Lanka: &lt;i&gt;Does the Export-Led Growth Hypothesis Hold for Services Exports?&lt;/i&gt;

Services Exports and Economic Growth in Sri Lanka: An Anatomy of GDP Components

Regional Competition in the International Market for Services: A Shift-Share Analysis

Contact Info

Product

Resources

About

Services Exports and Economic Growth in Sri Lanka: <i>Does the Export-Led Growth Hypothesis Hold for Services Exports?</i>

Services Exports and Economic Growth in Sri Lanka: <i>Does the Export-Led Growth Hypothesis Hold for Services Exports?</i>