EXPORTS, ECONOMIC-GROWTH AND EXOGENEITY - TAIWAN 1953-88

Authors
KWAN ACC COTSOMITIS JA KWOK B
Citation
Acc. Kwan et al., EXPORTS, ECONOMIC-GROWTH AND EXOGENEITY - TAIWAN 1953-88, Applied economics, 28(4), 1996, pp. 467-471
Citations number
30
Categorie Soggetti
Economics
Journal title
Applied economics → ACNP
ISSN journal
00036846
Volume
28
Issue
4
Year of publication
1996
Pages
467 - 471
Database
ISI
SICI code
0003-6846(1996)28:4<467:EEAE-T>2.0.ZU;2-C
Abstract
The econometric techniques developed by Engle and Hendry (1993) are us ed to examine empirically the exogeneity status of the real export gro wth variable in a commonly used output growth equation. Data from Taiw an shows that, while the weak exogeneity assumption appears to be vali d, the super exogeneity assumption is rejected. Thus, the results cast doubt on policy recommendations based on the export-led growth hypoth esis.