Export‐led growth hypothesis: evidence from Papua New Guinea and Fiji

Abstract

If you would like to write for this, or any other Emerald publication, then please use our Emerald for Authors service information about how to choose which publication to write for and submission guidelines are available for all. Please visit www.emeraldinsight.com/authors for more information. About Emerald www.emeraldinsight.comEmerald is a global publisher linking research and practice to the benefit of society. The company manages a portfolio of more than 290 journals and over 2,350 books and book series volumes, as well as providing an extensive range of online products and additional customer resources and services.Emerald is both COUNTER 4 and TRANSFER compliant. The organization is a partner of the Committee on Publication Ethics (COPE) and also works with Portico and the LOCKSS initiative for digital archive preservation. AbstractPurpose -This paper aims to examine the export-led growth hypothesis for Fiji and Papua New Guinea (PNG). Design/methodology/approach -The paper investigates the export-led growth hypothesis for Fiji and PNG who have been facing dismal economic growth performances over the last couple of decades. Findings -Findings of the study suggest that for Fiji there is evidence of export-led growth in the long-run, while for PNG there is evidence of export-led growth in the short-run. Originality/value -The findings of this paper have important messages for policy makers given that export sectors in both countries investigated are underdeveloped due mainly to a sustained period of political instability.

Export-led growth in the UAE: multivariate causality between primary exports, manufactured exports and economic growth

“…The short-run causality analysis based on disaggregated exports confirms the existence of bidirectional causality between manufactured exports and economic growth, which is consistent with previous studies (e.g. Awokuse 2007;Narayan et al 2007;Elbeydi et al 2010). In addition the empirical results reveal that economic growth causes manufactured exports in the long-run over the period 1981-2012.…”

“…Most of these studies conclude that a unidirectional causality runs from exports to economic growth, confirming the validity of the ELG hypothesis (Yanikkaya 2003;Shirazi and Manap 2004;Abou-Stait 2005;Siliverstovs and Herzer 2006;Gbaiye et al 2013). Other studies argue that causality runs from growth to exports or conclude that there is a bidirectional causal relationship between exports and economic growth (Panas and Vamvoukas 2002;Awokuse 2007;Narayan et al 2007;Elbeydi et al 2010;Mishra 2011). In the case of GLE, growth creates new needs, which cannot initially be covered by the local production, increasing the country's imports for capital equipment and improving the existing technology (Kindleberger 1962).…”

Impact of exchange rate volatility on the commodity trade between Pakistan and the US

“…For other applications of this method see For some other applications of this approach seeHalicioglu (2007Halicioglu ( , 2013,Narayan et al (2007),Tang (2007),Mohammadi et al (2008),Wong and Tang (2008), DeVita and Kyaw (2008),Payne (2008), Dell'Anno andHalicioglu (2010),Chen and Chen (2012),Shahbaz et al (2012),Wong (2013), Bahmani-Oskooee and Zhang (2014),Hajilee and Al-Nasser (2014), andTayebi and Yazdani (2014).…”

Agricultural Exports and Economic Growth: A Disaggregated Analysis for Ghana

“…In view of the important of the subject and the wide divergence in theoretical positions, normous empirical studies [27]- [32] have been conducted using ELG theory to study the effect of entire export on eco- Noula et al [19] applied Cobb Douglas production function with Engle-Granger Due to the importance of trade to the South Korean economy, Tsegaye, D. L.…”