This study seeks to analyse the relationship between exports and growth for
19 less-developed countries. It utilizes multivariate causality analysis b
ased on the error correction model to address several important hypotheses.
The results indicate that when exports have a causal influence in the deve
lopment process that in general this is the result of their effect on both
efficiency and accumulation. In addition, improvements in output and capita
l accumulation in an economy seem to have just as much of an influence on e
xports as exports have on output and capital accumulation. Finally, the gro
wth process in East Asia seems to be quite different from that in Southeast
Asia.