Exports and economic growth in industrialized countries |
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| Authors: | Subhash C. Sharma Mary Norris Daniel Wai-wah Cheung |
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| Affiliation: | 1. Department of Economics , Southern Illinois University , Carbondale , Illinois , 62901 , USA;2. Department of Finance , Chinese University of Hong Kong , Shatin , N.T. , Hong Kong |
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| Abstract: | The prima-facie causal relationships between growth, exports and factor inputs (capital and labour) are investigated in five industrialized countries (germany, Itlay, Japan, United Kingdom and United States) over the period 1960–87 by analysing a four-variable vector autoregressive (VAR) model for each country. Our results indicate that Germany and Japan experienced export-led growth. Reverse causality between exports and growth is found in the case of the US and UK, while to causal relationship between exports and output is found for Itlay. |
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