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Export-Led Growth Hypothesis: Further Econometric Evidence From South Asia (2005)

Shirazi, Nasim Shah and Turkhan Ali , Abdul Manap (2005) Export-Led Growth Hypothesis: Further Econometric Evidence From South Asia (2005). The Developing Economies , the Institute of Developing Economies, 43 (4). pp. 472-488. ISSN 0012-1533

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This paper examines the export-led growth (ELG) hypothesis for five South Asian countries through cointegration and multivariate Granger causality tests. Strong support for a long-run relationship among exports, imports, and real output for all the countries except Sri Lanka were found. Feedback effects between exports and GDP for Bangladesh and Nepal and unidirectional causality from exports to output in the case of Pakistan were found. No causality between these variables was found for Sri Lanka and India, although for India GDP and exports did induce imports. A feedback effect between imports and GDP was also documented for Pakistan, Bangladesh, and Nepal, as well as unidirectional causality from imports to output growth for Sri Lanka. These and other findings are discussed from the standpoint of the export-led growth hypothesis.

Item Type: Article (Journal)
Additional Information: 5324/10968
Uncontrolled Keywords: export-led growth hypothesis, multivariate Granger causality test, VAR model,economic growth in South Asian countries
Subjects: H Social Sciences > H Social Sciences (General) > H1 Periodicals. Serials
H Social Sciences > HB Economic Theory > HB131 Methodology.Mathematical economics. Quantitative methods
H Social Sciences > HB Economic Theory > HB3711 Business cycles. Economic fluctuations
Kulliyyahs/Centres/Divisions/Institutes (Can select more than one option. Press CONTROL button): Kulliyyah of Economics and Management Sciences > Department of Economics
Depositing User: Dr Turkhan Ali Abdul Manap
Date Deposited: 08 Jul 2013 08:16
Last Modified: 08 Jul 2013 08:16
URI: http://irep.iium.edu.my/id/eprint/10968

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