文档介绍：Exports and Economic Growth
Muhammad S. Anwer
. Sampath
Presented at Western Agricultural Economics
Association 1997 Annual Meeting
July 13-16, 1997
Reno/Sparks, Nevada
July 1997
EXPORTS and ECONOMIC GROWTH
Muhammad S. Anwer
and
. Sampath
Department of Agricultural and Resource Economics
Colorado State University, Fort Collins,
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EXPORTS AND ECONOMIC GROWTH
Abstract
Uutilizing unit root and cointegration techniques, we find out of 96 countries
only 8 show unidirectional or bidirectional causality from exports to GDP with
positive relationship between the two variables. Causality from GDP to Exports with
positive relationship between the two variables is found for only 9 countries.
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EXPORTS and ECONOMIC GROWTH
1. Introduction
Economic development is one of the main objectives of every society in the world
and economic growth is fundamental to economic development. There are many
contributors to economic growth. Export is considered as one of the very important
contributers among them. There are also some concerns about the trade, especially
between the primary and industrial goods exporting countries where the terms of
trade are deteriorated against the poorer countries.
Although most of the empirical work support the export led economic growth
hypothesis, there is no overall consensus on this issue. While some economists
(Krueger, 1978; Chenery, 1979; Tyler, 1981; Kavoussi, 1984; Balassa, 1985; Ram, 1985,
1987; Chow, 1987; Fosu, 1990; and Salvatore and Hatcher, 1991) seem to generally
agree that exports benefit economic growth, others ( Jung and Marshal, hereafter
referred as JM,1985; Kwan and Cotsomitis, 1990; Ahmad and Kwan, 1991; Dodaro,
1993; Oxley, 1993; Yaghmaian, 1994; and Ahmad and Harnhirum, hereafter referred
as AH, 1995) did not find much support to the export led economic growth
hypothesis.
Most of the empirical studies have been conducted on the basis of intercountry
cross-section data