Export-led growth hypothesis: empirical evidence from India, Philippines, Negeria and Malaysia
<p>The relationship between exports and economic growth has been fully analyzed by a large number of recent empirical paper. Nevertheless, the evidence is rather mixed. This study re-examine the export-led growth hypothesis (ELG) in four developing countries i.e., India, Philippines, N...
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| Format: | thesis |
| Language: | eng |
| Published: |
2003
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| Subjects: | |
| Online Access: | https://ir.upsi.edu.my/detailsg.php?det=9980 |
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| Summary: | <p>The relationship between exports and economic growth has been fully analyzed by a large number of recent empirical paper. Nevertheless, the evidence is rather mixed. This study re-examine the export-led growth hypothesis (ELG) in four developing countries i.e., India, Philippines, Nigeria and Malaysia using Johansen Multivariate cointegration approach and Vector error Correction Model (VECM). The results obtained suggest that the ELG hypothesis is valid for Indian and Malaysian economy in both short and long-run. Besides, our results indicate that the growth rate of imports and government expenditure have a positive impact on economic growth forboth countries.</p> |
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