Exports, export composition and growth: Cointegration and causality evidence for Malaysia
APPLIED ECONOMICS, vol.29, no.2, pp.213-223, 1997 (SSCI, Scopus)
- Publication Type: Article / Article
- Volume: 29 Issue: 2
- Publication Date: 1997
- Doi Number: 10.1080/000368497327272
- Journal Name: APPLIED ECONOMICS
- Journal Indexes: Social Sciences Citation Index (SSCI), Scopus
- Page Numbers: pp.213-223
- Dokuz Eylül University Affiliated: Yes
Abstract
This paper comprehensively tests the export-led growth (ELG) hypothesis for Malaysia for the period 1955-90, using cointegration and causality testing based on Hsiao's synthesis of the Granger test and Akaike's minimum final prediction error criterion. The results provide support for the ELG hypothesis; aggregate exports Granger-cause real GDP and non-export GDP. This relationship is found to be driven by manufactured exports rather than by traditional exports.