Journal ArticleUnknown
Testing export‐led growth in South Asia
Authors
Author Affiliations
University of Strathclyde
Published InJournal of Economic Studies
Year2005
Citations121
Abstract
Purpose The purpose of this paper is to test the export‐led growth hypothesis for South Asia, a diverse region consisting of one large country, India, surrounded by a number of medium and small countries such as Pakistan, Bangladesh, Sri Lanka, Nepal, Bhutan and Maldives. Design/methodology/approach To test this, the study employs cointegration and error‐correction modelling, using data from the International Financial Statistics of the IMF. Findings The study produces fairly mixed results, and does not find any conclusive evidence in favour of export‐led growth. While India, Maldives and Nepal exhibit export‐led growth, Bangladesh and Bhutan show the opposite result of growth‐led exports. In Pakistan and Sri Lanka no causality in either direction was found. The mixed nature of the results…
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Fields & Keywords
Social SciencesEconomics, Econometrics and FinanceGeneral Economics, Econometrics and FinanceGlobal trade and economicsFiscal Policy and Economic GrowthEconomic Theory and PolicyDevelopment economicsInternational tradeEconomyInternational economicsSocioeconomicsEconometricsEthnologyMachine learningLaw