EXPORTS, EXPORT COMPOSITION AND GROWTH - COINTEGRATION AND CAUSALITY EVIDENCE FOR MALAYSIA

Authors
GHATAK S MILNER C UTKULU U
Citation
S. Ghatak et al., EXPORTS, EXPORT COMPOSITION AND GROWTH - COINTEGRATION AND CAUSALITY EVIDENCE FOR MALAYSIA, Applied economics, 29(2), 1997, pp. 213-223
Citations number
57
Categorie Soggetti
Economics
Journal title
Applied economics → ACNP
ISSN journal
00036846
Volume
29
Issue
2
Year of publication
1997
Pages
213 - 223
Database
ISI
SICI code
0003-6846(1997)29:2<213:EECAG->2.0.ZU;2-3
Abstract
This paper comprehensively tests the export-led growth (ELG) hypothesi s for Malaysia for the period 1955-90, using cointegration and causali ty testing based on Hsiao's synthesis of the Granger test and Akaike's minimum final prediction error criterion. The results provide support for the ELG hypothesis; aggregate exports Granger-cause real GDP and non-export GDP. This relationship is found to be driven by manufacture d exports rather than by traditional exports.