A test for the export-led growth hypothesis in possibly integrated vector autoregressions

This article re-examines the direction of causation between exports and output by testing for Granger noncausality under the framework of four-variable vector autoregression. Both the methodologies developed in Toda and Phillips (1993, 1994) and Toda and Yamamoto (1995) are applied. A country is recommended to enforce export promotion policies as its appropriate development strategy, if its manufacturing sector takes up a relatively large share.

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Year of publication:	2007
Authors:	Huang, Tai-Hsin ; Wang, Mei-Hui
Published in:	Applied Economics Letters. - Taylor & Francis Journals, ISSN 1350-4851. - Vol. 14.2007, 13, p. 999-1003
Publisher:	Taylor & Francis Journals

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Extent:	text/html
Type of publication:	Article
Source:	RePEc - Research Papers in Economics

Persistent link: https://ebvufind01.dmz1.zbw.eu/10005468019