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Causality Between Exports and Economic Growth: The Empirical Evidence from Shanghai.
- Source :
- Australian Economic Papers; Jun98, Vol. 37 Issue 2, p195, 8p, 3 Charts, 1 Graph
- Publication Year :
- 1998
-
Abstract
- The export-led growth hypothesis is tested using monthly time series data for Shanghai (one of the major exporting provinces in China) using the Granger no-causality procedure developed by Toda and Yamamoto (1995) in a vector autoregresion (VAR) model. This paper builds on the existing literature in three distinct ways. This is the first study of the export-led growth hypothesis which employs a regional dataset (Shanghai). Second, the paper follows Riezman et al . (1996) in controlling for the growth of imports to avoid a spurious causality result; and finally, the use of the methodology by Toda and Yamamoto is expected to improve the standard F -statistics in the causality test process. The research finds one-way Granger causality running from GDP to exports. [ABSTRACT FROM AUTHOR]
- Subjects :
- ECONOMIC development
EXPORTS & economics
GROSS domestic product
ECONOMIC history
Subjects
Details
- Language :
- English
- ISSN :
- 0004900X
- Volume :
- 37
- Issue :
- 2
- Database :
- Complementary Index
- Journal :
- Australian Economic Papers
- Publication Type :
- Academic Journal
- Accession number :
- 4369894
- Full Text :
- https://doi.org/10.1111/1467-8454.00015