This paper explores the causal relationship between real exports and GDP growth in Japan using two recently developed causal modelling approaches. Using Japanese time series, the paper employed the augmented VAR methodology developed by Toda and Yamamoto to test for Granger non-causality. Then,...

Using recent developments in econometric techniques, this article re-examines the export-led growth (ELG) hypothesis for Korea over 1963-2001. The Granger-causality tests was based on two testing approaches: vector error correction modelling (VECM) approach outlined in Toda and Philips; and the...

This paper explores the causal relationship between real exports and GDP growth in Japan using two recently developed causal modelling approaches. Using Japanese time series, the paper employed the augmented VAR methodology developed by Toda and Yamamoto (1995) to test for Granger non-causality....

This paper examines risk minimization hedging effectiveness for major storable and nonstorable agricultural commodity futures markets. Based on the error correction model - bivariate GARCH frameworks, some evidence is found that the hedging effectiveness is stronger for storable commodities than...

This paper explores the effects of urbanization on nutrition transition and obesity. Taking adult individuals from the China Health and Nutrition Survey (CHNS), from the year 1989 to 2009, this study confirms the hypothesis that rising urbanization has positive effects on the obesity level....

Most previous investigations have only focused on the effect of export expansion on economic growth while ignoring the potential growth-enhancing contribution of imports. This article re-examines the relationship between trade and economic growth in Argentina, Colombia, and Peru with emphasis on...