Exports, investment, efficiency and economic growth in LDC: an empirical investigation

Citation
T. Ghirmay et al., Exports, investment, efficiency and economic growth in LDC: an empirical investigation, APPL ECON, 33(6), 2001, pp. 689-700
Citations number
44
Categorie Soggetti
Economics
Journal title
APPLIED ECONOMICS
ISSN journal
00036846 → ACNP
Volume
33
Issue
6
Year of publication
2001
Pages
689 - 700
Database
ISI
SICI code
0003-6846(20010515)33:6<689:EIEAEG>2.0.ZU;2-4
Abstract
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.