An Empirical Study on Export, Import and Economic Growth in Bhutan

Indian Development Review (ISSN 0972-9437), Vol. 8(1), pp. 95-104, 2010

10 Pages Posted: 27 Mar 2017

See all articles by Gazi Uddin

Gazi Uddin

Presidency University

Shibli Khan

Presidency University

Md. Mahmudul Alam

Universiti Utara Malaysia

Date Written: 2010

Abstract

This paper focuses on the casual relationship between export, import and Gross Domestic Product (GDP) for Bhutan using annual data from 1980 to 2005. The Granger causality test and Co-integration Models are employed taking care of stochastic properties of the variables. The co-integration analysis suggests that there is a long-run equilibrium relationship. The results of Granger causality test shows that there is a causal relationship between the examined variables. The causal nexus is unidirectional from export to import and GDP, and GDP to import only. Here export led growth is empirically proven in Bhutan.

Keywords: Co-integration, Granger Causality, Export, Import, Economic Growth

JEL Classification: C22, F14, F43

Suggested Citation

Uddin, Gazi and Khan, Shibli and Alam, Md. Mahmudul, An Empirical Study on Export, Import and Economic Growth in Bhutan (2010). Indian Development Review (ISSN 0972-9437), Vol. 8(1), pp. 95-104, 2010 . Available at SSRN: https://ssrn.com/abstract=2941288

Gazi Uddin

Presidency University ( email )

86/1 College Street
Kolkata, West Bengal 700073
India

Shibli Khan

Presidency University ( email )

86/1 College Street
Kolkata, West Bengal 700073
India

Md. Mahmudul Alam (Contact Author)

Universiti Utara Malaysia ( email )

Sintok, Kedah
Malaysia

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