Export Led Growth Hypothesis Revisited: A Panel Cointegration Approach

Bahmani‐Oskooee, Mohsen; Economidou, Clarie; Goswami, Gour Gobinda

Export Led Growth Hypothesis Revisited: A Panel Cointegration Approach

Bahmani-Oskooee, M., Economidou, C. & Goswami, G. G. (2005). "Export led growth hypothesis revisited: A panel cointegration approach", Scientific Journal of Administrative Development, 3, 40-55.

16 Pages Posted: 15 May 2020

See all articles by Mohsen Bahmani‐Oskooee

Mohsen Bahmani‐Oskooee

University of Wisconsin - Milwaukee - Center for Research on International Economics

Gour Gobinda Goswami

North South University

Date Written: 2005

Abstract

Numerous studies in the literature have tried to test whether export causes economic growth or economic growth causes export growth. The statistical approach has been one of applying Granger or Sims causality test to data drawn from individual country. In order to increase the power of existing tests, in this paper we pool data from 61 developing countries over 1960-1999 period and employ panel unit root tests and panel cointegration technique to establish the long rrun relationship between exports and output. Cointegration receives support in a model in which export is the dependent variable.

Keywords: Export growth; Granger Causality; Cointegration

Suggested Citation: Suggested Citation

Bahmani-Oskooee, Mohsen and Economidou, Clarie and Goswami, Gour Gobinda, Export Led Growth Hypothesis Revisited: A Panel Cointegration Approach (2005). Bahmani-Oskooee, M., Economidou, C. & Goswami, G. G. (2005). "Export led growth hypothesis revisited: A panel cointegration approach", Scientific Journal of Administrative Development, 3, 40-55., Available at SSRN: https://ssrn.com/abstract=3575274