Document Type
Article
Journal/Book Title/Conference
Economics Research Institute Study Paper
Volume
94
Issue
9
Publisher
Utah State University Department of Economics
Publication Date
1994
Rights
Copyright for this work is held by the author. Transmission or reproduction of materials protected by copyright beyond that allowed by fair use requires the written permission of the copyright owners. Works not in the public domain cannot be commercially exploited without permission of the copyright owner. Responsibility for any use rests exclusively with the user. For more information contact the Institutional Repository Librarian at digitalcommons@usu.edu.
First Page
1
Last Page
29
Abstract
In this paper we have investigated the causal relationship between exports and growth in a bivariate framework using time-series data on six countries. Hsiao's (1979, 1981) version of the Granger causality test is used to find the direction of causation. Our study improves upon previous work by evaluating the time series properties of GDP and exports and supplementing Granger causality tests with a bivariate cointegration te~t and error-correction model. Our fmdings suggest that the evidence in favor of export-promotion policy is weaker than previous statistical studies have indicated.
Recommended Citation
Fawson, Chris and Chang, Tsangyao, "Cointegration, Causality, Error-Correction, and Export-Led growth in six countries: Japan, Philippines, South Korea, Taiwan, United Kingdom and United States" (1994). Economic Research Institute Study Papers. Paper 39.
https://digitalcommons.usu.edu/eri/39