Exports as a Determinant of Long-Run Growth in Paraguay, 1966-96

Richards, David

doi:10.1080/00220380412331322211

Cited by 29 publications

(19 citation statements)

References 16 publications

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“…Trading partner income also has a positive but an inelastic relationship with export demand; the income elasticity ranges from 0.70 to 0.81. Other things being equal, a 1 per cent increase in Fiji's trading partner eco- nomic activity leads to a 0.7-0.8 per cent increase in Fiji's exports in the long run-a result consistent with previous studies on export demand (see Senhadji andMontenegro 1998, 1999;Richards 2001;Arize 1990Arize , 1999Arize , 2001). …”

Section: Long-run and Short-run Elasticitiessupporting

confidence: 79%

Determinants of Demand for Fiji's Exports: An Empirical Investigation

Narayan¹,

Narayan²

2004

The Developing Economies

138

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Fiji is no exceptin to the rule that exports are an important source of growth and development. In this light, it is important to know the determinants of exports. However, there is no empirical study on Fiji's export demand. This paper uses the modern econometric techniques—in particular, the autoregressive distributed lag approach to cointegration—to investigate whether the standard export demand variables, viz., trading partner income, export price, and competitor price, have a long‐run cointegration relationship with Fiji's real exports for the period 1970 to 1999. In addition, the long‐run results are also estimated by using the dynamic ordinary least squares and the fully modified ordinary least squares. The empirical results indicate the existence of a cointegration relationship among the variables. The long‐run foreign income, own‐price, and cross‐price elasticities are found to be 0.7 to 0.8, −1.3 to −1.5, and 2.1 to 2.2, respectively.

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Section: Long-run and Short-run Elasticitiessupporting

confidence: 79%

Determinants of Demand for Fiji's Exports: An Empirical Investigation

Narayan¹,

Narayan²

2004

The Developing Economies

138

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“…Some researchers argue that causality goes from exports to productivity growth and denote this as the export-led growth (ELG) hypothesis while the reverse causal flow from productivity to exports is termed growth-led exports (GLE). Although most studies focus on developing countries (Balassa, 1978;Sheehey, 1992;Wilbur and Haque, 1992;Richards, 2001), some researchers have examined the ELG hypothesis for industrialized countries (Marin, 1992;Ghartey, 1993;Yamada, 1998;Awokuse, 2003).…”

Section: Introductionmentioning

confidence: 99%

“…This assumption is not always plausible because it implies similar economic structure for a diverse set of countries. However, as more data became available, more recent analyses have focused on single country studies using time series modelling techniques (Marin, 1992;Richards, 2001;Awokuse, 2003). The majority of these studies exploit the concept of Granger non-causality to test for bivariate causal link between exports and economic growth.…”

Section: Introductionmentioning

confidence: 99%

Export-led growth and the Japanese economy: evidence from VAR and directed acyclic graphs

Awokuse

2006

Applied Economics

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This paper explores the causal relationship between real exports and GDP growth in Japan using two recently developed causal modelling approaches. Using Japanese time series, the paper employed the augmented VAR methodology developed by Toda and Yamamoto (1995) to test for Granger non-causality. Then, a more recently developed technique of directed acyclic graphs (DAG) was also used in providing over-identifying restrictions on the innovations from a vector autoregression (VAR) model. In contrast to prior analyses, the application of DAG techniques allows for the examination of both contemporaneous and dynamic causal structure of the exports-productivity nexus. The empirical results reveal that the causal path between exports and GDP growth in Japan is bi-directional. Furthermore, other variables such as capital and foreign output are also significant determinants of productivity growth in Japan.

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“…Among others, as a major production factor appearing in a production function, investment may lead to economic growth. Richards (2001) analyzed the case of Paraguay, which relies heavily on agricultural production rather than industrial production. Richards' (2001) Granger causality test and Engle-Granger two-step cointegration test show that the effect of investment on economic growth is not statistically significant in Paraguay.…”

Section: Literature Reviewmentioning

confidence: 99%

Export Expansion and Economic Growth in Tanzania

Mah

2014

Glob. Econ. J.

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This paper reveals the source of rapid economic growth in Tanzania since market reform in the late 1980s. It applies the variance bounds cointegration test to economic growth, investment, exports, and aid inflow. The cointegration test results show that these variables are cointegrated. The error correction model shows that export expansion causes economic growth positively. Meanwhile, economic growth is revealed not to cause export expansion. The results are robust to the measure of economic growth rate. Neither investment nor aid inflow is revealed to be the source of the rapid economic growth of Tanzania.

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Exports as a Determinant of Long-Run Growth in Paraguay, 1966-96

Cited by 29 publications

References 16 publications

Determinants of Demand for Fiji's Exports: An Empirical Investigation

Determinants of Demand for Fiji's Exports: An Empirical Investigation

Export-led growth and the Japanese economy: evidence from VAR and directed acyclic graphs

Export Expansion and Economic Growth in Tanzania

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